MANILA - Globe Telecom is embarking on its first foray into content creation with "Globe Studios", which will produce original movies and series to meet growing demand for mobile entertainment.

Backed by Viva Films, Reality Entertainment, Quantum Films, Spring Films and Astro of Malaysia, Globe Studios will be the platform for new content from top directors such as Erik Matti, Paul Soriano, Quark Henares, Dan Villegas, Sigrid Bernardo, Joyce Bernal, and Lav Diaz.

These works will be seen on the big screen and digital mobile platforms.

In May, Globe and PLDT acquired the telecommunication business of San Miguel Corp., which had backed out of its bid to challenge the industry duopoly.

PLDT, Globe to acquire San Miguel's telecom business

The two telecom giants said they would jointly roll out San Miguel's assets after each acquiring a 50-percent stake in the business worth P70 billion.

They will also return enough frequencies to the government to make way for a possible third player. San Miguel's bid to challenge PLDT and Globe's dominance ended after its talks with Australian telecom giant Telstra fizzled earlier this year.