ABS-CBN's Charo Santos-Concio touts 2013 successes
ABS CBN Corp. President and CEO Charo Santos-Concio delivers a speech during the ABS CBN stockholders meeting on May 14 at the Dolphy Theater, Quezon City. Photo by Jonathan Cellona for ABS-CBNnews.com.
MANILA, Philippines – ABS-CBN Corp. president and chief executive Charo Santos-Concio said the country's largest media conglomerate made strides in delivering more content through various platforms in 2013.
At the company’s annual stockholders’ meeting held on Wednesday, Santos-Concio highlighted partnership deals that are expected to bring in more content and expand viewership.
She said ABS-CBN signed deals with the Ravelo family and ALA Promotions Inc. to bring in local content in entertainment and sports.
The firm also partnered with CJ O Shopping Corp. of South Korea to put up the O Shopping network and Orbit Showtime Network to increase global viewership.
Santos-Concio said global viewership grew by 250,000 viewers in 2013.
Jeepney TV, a cable channel airing past ABS-CBN shows, was also launched last year.
“We are seeing opportunities not only to monetize our content library but to introduce these classics to a new generation of viewers,” Santos-Concio said.
She also said that ABS-CBN saw growth in its digital business through partnerships between ANC and Yahoo! and the launch of new mobile apps.
“ABS-CBNnews.com is now the number one online news site from the Philippines,” she added.
Channel 2, meanwhile, remained in the top spot in national TV ratings with a 42 percent audience share the whole day and a 47 percent audience share on primetime based on Kantar Media Audience Measurement.
ABS-CBN reported that the top 10 TV shows for 2013 were all from the Kapamilya network, led by the Coco Martin-starrer “Juan de la Cruz.”
The Films and Music group also posted growth in 2013, with one movie making over P200 million at the box office and two movies breaking the P300 million mark.
“We will continue to invest in developing, delivering and maximizing opportunities for our content, our stories and our news and information products across all media and platforms,” said Santos-Concio.
The company also entered new industries through ABS-CBN Mobile and indoor theme park Kidzania.
In 2013, the Philippine Ratings Services Corp. gave the network the highest credit rating of “PRS Aaa,” noting its “extremely strong” capacity to meet financial commitments and “consistent production of hit and compelling programs and the development and retention of its popular talent pool which enables the company to maintain a strong position in terms of nationwide ratings.”
ABS-CBN was also listed as one of BusinessWorld’s top 100 corporations in the Philippines, the only media and entertainment company to do so.
2013 was Santos-Concio’s first year as ABS-CBN CEO, replacing ABS-CBN chairman Eugenio Lopez III at the end of 2012.
“While I had a tough act to follow, I hope the results of the year as well as the transition we completed speak well of our talent development and succession planning program,” she said.
ABS-CBNnews.com is the online news site of ABS-CBN Corp.