MANILA - ABS-CBN Corp. said Monday it sold two million units of digital terrestrial television product TVplus as of November, surpassing its year-end target.
The company said it hit its target three months after it reported 1.6 million ABS-CBN TVplus units sold in September, when the company began offering the product at a new price point of P1,499.
TVplus is part of ABS-CBN's growing consumer business, which generates annual revenues of P17 billion or 45 percent of the company's total.
“ABS-CBN TVplus continues to improve the Filipino’s viewing experience though digital quality broadcast and a transformative entertainment experience by offering more choices of channels and even opportunities to watch special TV events, greatly supporting our mission to serve the Filipino people,” ABS-CBN president and chief executive officer Carlo Katigbak said.
The digital service carries free-to-air channels such as ABS-CBN and ABS-CBN Sports + Action and four premium channels including CineMo!, YeY!, Knowledge Channel, and DZMM Teleradyo.
Since its release in February 2015, ABS-CBN TVplus has expanded its coverage in Metro Cebu, Davao City, Bacolod, Iloilo, and Cagayan De Oro, on top of Benguet, Bulacan, Cavite, Laguna, Metro Manila, Nueva Ecija, Pampanga, Pangasinan, Rizal and Tarlac.
ABS-CBN Corp. posted a net income of P2.85 billion in the first nine months of the year, up 50 percent during the comparable period last year.
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