As the public may know, in our recent news about the ABS-CBN-TV5 Partnership, the Kapamilya Network had received a notice of termination of its TV Content Supply Agreement with TV5 Network, despite ongoing disputes over the partnership deal and ABS-CBN’s denial of claims or accusations of “delayed payments”.
ABS-CBN recently issued an official statement regarding its partnership with TV5, thanking the network’s employees, talents, advertisers, and audiences for their continued support despite the challenges posed by the broadcast shutdown on May 5, 2020.
While any further updates will be made soon as developments warrant, recently, the TV5 Network issued an official statement regarding this case, stating that “their content agreement with ABS-CBN required them to remit on a timely basis, while TV5’s share of revenues they collect are from the advertisers.” The amounts collected from these shares are being held between the two networks, and have reached “such material value as to severely affect the Kapatid network’s own ability to settle all of the obligations”.
The TV5 Network repeatedly appealed to ABS-CBN, but “it failed to pay what is due”. The value of partnering with TV5 and ABS-CBN is part of the broadcast industry, and to ease the financial constraints the Kapamilya network has faced since May 5, 2020, when the government halted all TV and radio broadcast operations by the National Telecommunications Commission (NTC) due to the franchise expiration, despite the COVID-19 pandemic that was happening at the time.
TV5 Network, however, also faced challenges that may lead to the end of the airing of ABS-CBN’s shows, such as FPJ’s Batang Quiapo, What Lies Beneath, ROJA, ASAP, Your Face Sounds Familiar, and many others. The company needs the funds owed to it to continue serving every Kapatid viewer in a Kapamilya way.
The network assures that it will continue to serve with some of the best programming, including noontime show Eat Bulaga, newscasts under the Frontline Pilipinas brand, musical show Vibe, and various TV and online series provided by Viva Communications (i.e., Carlo J. Caparas’ Totoy Bato, Bad Genius: The Series, Para Sa Isa’t Isa, and others).
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PHCA CID: PHCA-2025H2-8163
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