ABS-CBN Corporation

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ABS-CBN Corporation

Logo used since September 9, 2013. It is a revised version and variant of the 2000 logo.
The ABS-CBN Broadcasting Center in Diliman, Quezon City
Trade name	ABS-CBN
Formerly	Bolinao Electronics Corporation (1946–1952, 1957–1967) Alto Sales Corporation (1952–1957) Chronicle Broadcasting Network, Inc. (1956–1957) ABS-CBN Broadcasting Corporation (1967–1972; 1986–2007)[a]
Company type	Public
Traded as	PSE: ABS
Industry	Radio broadcasting Mass media Entertainment
Founded	July 11, 1946; 78 years ago (1946-07-11)
Founders	James Lindenberg Antonio Quirino Eugenio López Sr. Fernando López
Headquarters	ABS-CBN Broadcasting Center, Sgt. Esguerra Avenue corner Mother Ignacia Street, Diliman, Quezon City, Metro Manila, Philippines
Area served	Worldwide
Key people	Martin "Mark" L. López (Chairman) Carlo L. Katigbak (President and CEO) Cory Vidanes (COO for Broadcast) Charo Santos-Concio (CCO)
Products	Films Music Television programs Web portals
Brands	Kapamilya Channel Kapamilya Online Live A2Z (in partnership with ZOE) All TV (in partnership with AMBS) ABS-CBN TV Plus DWPM/TeleRadyo Serbisyo (joint venture with PMHI) MOR Entertainment ANC Cine Mo! Jeepney TV Cinema One Metro Channel Knowledge Channel Myx TFC iWantTFC Yey! Favorite Music Radio
Services	Broadcasting Motion pictures TV production Cable television Internet Streaming service Broadcast syndication Record label Telecommunications Satellite television Film distribution
Revenue	₱18.51 billion (2023)
Operating income	₱−12.59 billion (2023)
Net income	₱−12.83 billion (2023)
Total assets	₱53.10 billion (2023)
Total equity	₱9.23 billion (2023)
Owner	Lopez Holdings Corporation (56.28%) ABS-CBN Holdings Corporation (32.21%) Public Ownership (42.80%)
Number of employees	5,279 (2023)
Parent	Lopez Holdings Corporation
Divisions	ABS-CBN Film Productions, Inc. ABS-CBN Center for Communication Arts, Inc. ABS-CBN Star Music ABS-CBN Publishing ABS-CBN Digital Media ABS-CBN Studios ABS-CBN Events ABS-CBN Foundation ABS-CBN International ABS-CBN International Production and Co-Production ABS-CBN Radio ABS-CBN News ABS-CBN Narrowcast MOR Entertainment
Subsidiaries	List of subsidiaries
Website	www.abs-cbn.com
Footnotes / references [1][2][3][4]

ABS-CBN Corporation^[b] is a Filipino media company based in Quezon City, Metro Manila, Philippines. It is the largest entertainment television and film production, program syndication provider, film distributor and media conglomerate in the Philippines. It is a subsidiary of Lopez Holdings Corporation, which is owned by the López family.^[5] ABS-CBN was formed by the merger of Alto Broadcasting System (ABS) and Chronicle Broadcasting Network (CBN). The conglomerate is metonymically called as "Ignacia" due to the location of its headquarters ABS-CBN Broadcasting Center along Mother Ignacia Street in Quezon City.

ABS was founded in 1946 by American electronics engineer James Lindenberg as Bolinao Electronics Corporation (BEC). In 1952, BEC was renamed Alto Broadcasting System (ABS) with its corporate name, Alto Sales Corporation after Judge Antonio Quirino, brother of President Elpidio Quirino, purchased the company and later launched the first TV station in the country, DZAQ-TV on October 23, 1953. The company that would later be merged with ABS to form ABS-CBN was founded in 1956 as Chronicle Broadcasting Network, Inc. (CBN) by Eugenio Lopez Sr. and his brother Fernando Lopez, who was the sitting Vice President of the Philippines. A year later, the Lopezes acquired ABS. The ABS-CBN brand was first used on television in 1961.

The conglomerate became known as ABS-CBN Broadcasting Corporation on February 1, 1967. It then changed its corporate name to ABS-CBN Corporation in August 2007 where it dropped the word "Broadcasting" on primary uses, to signify its diversification.^[6] Due to the change in the conglomerate's name, the ABS-CBN Broadcasting Corporation name is now used as the company's alternative and secondary name in certain contexts. The common shares of ABS-CBN were first traded on the Philippine Stock Exchange in July 1992 under the ticker symbol ABS.^[7]

Due to being denied for another 25-year free-to-air broadcasting franchise by the Philippine Congress, the conglomerate now mainly focuses on working as a content company, which includes producing television programs, films and other entertainment contents and distributions.^[8]

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