MANILA - ABS-CBN Corp. shows will be available for streaming to millions of subscribers of Philippine Long Distance Telephone Co. (PLDT) and its mobile unit, Smart Communications, as the country's largest media and entertainment pursues a shift to digital services, the companies announced on Monday.
ABS-CBN Corp. Chairman Eugenio Lopez III, President and CEO Carlo Katigbak and PLDT-Smart Chairman Manuel Pangilinan signed an agreement that will give the telecommunications company's subscribers access to the network's iWant TV service.
"The strategic partnership between ABS-CBN and PLDT underscores our vision to make our content avialable online to more Filipinos," Katigbak said in a statement.
With the partnership, ABS-CBN shows will be available on an estimated 30 million smartphone and tablet screens that run on the Smart network, said Oscar Reyes Jr., PLDT First Vice President and head of home businesses.
The shows will be available for streaming starting October this year.
ABS-CBN is transitioning into an "agile digital company" as it sees growth in its mobile and digital television businesses, Katigbak told stockholders last May.
Sales of its digital television box, TV Plus, have reached 1.5 million units since its launch in February last year.
The company's print arm, ABS-CBN Publishing, also recently partnered with Filipino smartphone maker MyPhone to make ABS-CBN content available on NoInk, an app that will come pre-installed on MyPhone handsets
ABS-CBN reported a net income of P2.1 billion in the January to June period, up 76 percent from the previous year, as its ratings dominance helped boost revenues.
News.abs-cbn.com is the news website of ABS-CBN Corp.