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ABS-CBN Investor Presentation Company Overview
Investor Presentation August 2016 UBS Investor Forum HongKong & Singapore 1 ABS-CBN Investor Presentation Company Overview Financial Highlights Industry and Competitive Landscape Summary 2 ABS-CBN Investor Presentation OVERVIEW: Business Segments • Free-to-Air TV and Studio • Global Distribution Operations • Films and Music • Cable Channels / Publishing • Pay TV Pay TV • Internet broadband • Value added services • ABS-CBN mobile – MVNO New • Digital Terrestrial Television Businesses • Kidzania – franchise from Mexico • O Shopping – home TV shopping 3 ABS-CBN Investor Presentation Revenue Mix For the six months ended June 30, 2016 Advertising Revenue Consumer Sales 40% 60% 19% 13% 8% Sky Cable Global Others 4 ABS-CBN Investor Presentation Free-to-Air TV: CH2 and CH23 • Consistent leader in national audience shares and ratings among 13 FTA channels. • Power ratio of 1.3 : 1.0 • ABS-CBN Free-to-air TV advertising revenues: More than 90% of company’s total advertising revenues. 60% FTA market share. TOTAL DAY PRIMETIME AUDIENCE Total SHARE Total PH Mega Metro Mega Metro PH ABS-CBN 2 44 32 35 49 36 40 GMA 7 34 40 34 32 40 35 TV 5 7 7 6 6 7 6 Others 15 21 25 13 17 19 Source: Kantar Media TV Measurement, Total Philippines as of June 30, 2016 Primetime shows contribute 71% of total Channel 2 airtime revenues. 5 ABS-CBN Investor Presentation Digital Terrestrial TV (DTT) • Implementing Rules and Regulations COVERAGE AREA released December 17, 2014. Benguet Pangasinan • Launched February 2015. Tarlac Nueva Ecija • First-mover advantage Pampanga • More than 1.4M boxes sold to date Bulacan Metro Manila (3) • Significantly improved signal in Mega Rizal Manila and Central Luzon Cavite Incremental advertising revenues Laguna Metro Cebu expected from: Davao (new!) . -
Subscription Reasons...Y
INDEPENDENT COMMUNICATIONS AUTHORITY OF SOUTH AFRICA APPLICATIONS FOR COMMERCIAL SATELLITE AND CABLE SUBSCRIPTION BROADCASTING LICENCES REASONS FOR DECISIONS NOVEMBER 2007 1 TABLE OF CONTENTS SECTION A: OVERVIEW ..............................................................................................6 1. INTRODUCTION....................................................................................................6 2. BACKGROUND .....................................................................................................6 3. PROCEDURE ........................................................................................................6 4. RELEVANT CRITERIA AND CONSIDERATIONS ...............................................6 5. GENERAL FINDINGS............................................................................................6 5.5. Corporate Status ....................................................................................................6 5.6. Ownership and control restrictions ........................................................................6 5.9. Management and experience ................................................................................6 5.10. Staffing ...........................................................................................................6 5.11. Finance...........................................................................................................6 5.12. Research – demand and need .....................................................................6 -
Wolves of Paseo
Wolves of Paseo Media and Entertainment Sector Philippine Stock Exchange (PSE) ABS-CBN Corporation Date: 06/11/2019 Current Price: Recommendation: Buy Ticker: ABS:PM PHP18.6 Target Price: PHP31.8 Market Profile We issue a BUY recommendation for ABS-CBN Closing Price 18.58 Corporation (ABS) with a target price of PHP31.8, (PHP) representing a 71% upside from its closing price of 52-Week 16.80 – PHP18.6 on 06 November 2019. We arrived at our Range 25.30 Average 213.5 target price using the Discounted Free Cash Flow to Volume Equity method. (PHP’000) Shares 861.97 Strong Core Business Anchored on Growing Outstanding Consumption (Millions) Market Cap 15.07 (PHPbn) Consumer Spending is expected to pick up in the Dividend 2.96% next few years as inflation levels out and labor Yield market strengthens. Furthermore, spending will also P/E (ttm) 5.47 be supported by continuously strong inflows coming Source: MarketWatch from remittances. Figure 1. Forecasted EPS (in PHP) Outlook towards the labor market and 6 unemployment is positive, with unemployment maintaining its low level. In addition, the higher 4 minimum wage will increase disposable income which will eventually translate to consumption. ABS 4.4 4.7 4.9 2 3.8 4.1 is well positioned to reap the benefits of this trend as 0 it remains to be the leading media company in the 2020F 2021F 2022F 2023F 2024F Philippines. It consistently leads the industry based on rating agencies. Source: Team Estimates Ratios 2019F 2020F 2021F 2022F 2023F 2024F Gross Margin 41% 40% 40% 40% 40% 40% Net Profit Margin 7% 7% 7% 8% 8% 8% Current Ratio 3.0 3.1 3.2 3.4 3.5 3.6 Debt-to-Equity 0.9 0.8 0.7 0.7 0.6 0.6 Return on Asset 4% 3% 4% 4% 4% 4% Return on Equity 9% 8% 8% 8% 8% 7% Earnings per Share 3.8 3.8 4.1 4.4 4.7 4.9 Business Description ABS is the Philippines’ leading media and entertainment organization. -
Philippines in View Philippines Tv Industry-In-View
PHILIPPINES IN VIEW PHILIPPINES TV INDUSTRY-IN-VIEW Table of Contents PREFACE ................................................................................................................................................................ 5 1. EXECUTIVE SUMMARY ................................................................................................................................... 6 1.1. MARKET OVERVIEW .......................................................................................................................................... 6 1.2. PAY-TV MARKET ESTIMATES ............................................................................................................................... 6 1.3. PAY-TV OPERATORS .......................................................................................................................................... 6 1.4. PAY-TV AVERAGE REVENUE PER USER (ARPU) ...................................................................................................... 7 1.5. PAY-TV CONTENT AND PROGRAMMING ................................................................................................................ 7 1.6. ADOPTION OF DTT, OTT AND VIDEO-ON-DEMAND PLATFORMS ............................................................................... 7 1.7. PIRACY AND UNAUTHORIZED DISTRIBUTION ........................................................................................................... 8 1.8. REGULATORY ENVIRONMENT .............................................................................................................................. -
Asia Pacific to Add 45 Million Pay TV Subscribers
Asia Pacific to add 45 million pay TV subscribers The Asia Pacific pay TV sector is the most vibrant in the world, with subscribers up by 45 million and revenues up by $1.40 billion over the next five years. Pay TV penetration will stay at around 69%. Asia Pacific pay TV subscribers by country (mil) 800.0 700.0 600.0 500.0 400.0 300.0 200.0 100.0 0.0 2019 2020 2025 Others 70.5 72.3 80.9 Japan 17.4 17.6 17.7 Indonesia 11.2 13.5 18.5 S Korea 20.4 20.3 20.2 India 158.8 161.1 183.1 China 353.4 357.2 356.0 Source: Digital TV Research Ltd China and India together will account for 80% of the region’s 676 million pay TV subscribers by 2025. India will add 24 million pay TV subscribers over the next five years. However, China will peak in 2021 with a slow decline thereafter. OTT penetration and competition will remain much higher in China than in India. Simon Murray, Principal Analyst at Digital TV Research, said: “Much of this subscriber growth is down to the number of TV households increasing by 65 million between 2019 and 2025 to 978 million as populations rise and disposable income climbs. The region’s population is 4 billion – more than half of the world’s total.” For more information on the Asia Pacific OTT TV and Video Forecasts report, please contact: Simon Murray, [email protected], Tel: +44 20 8248 5051 Asia Pacific Pay TV Forecasts Table of Contents Published in March 2020, this 198-page PDF, PowerPoint and excel report comes in three parts: • Outlook: Forecasts for 22 countries in a 52-page PowerPoint document full of charts, graphs and bullet points; • Excel workbook covering each year from 2010 to 2025 for 22 countries by household penetration, by pay TV subscribers, by pay TV revenues and by major operator. -
Encuentro Latinoamericano Vs Terrorismo Mediático
Encuentro Latinoamericano vs Terrorismo Mediático Ministerio del Poder Popular para la Comunicación y la Información Encuentro Latinoamericano vs Terrorismo Mediático Ministerio para el Poder Popular para la Comunicación y la Información; Av. Universidad, Esq. El Chorro, Torre Ministerial, pisos 9 y 10. Caracas-Venezuela. www.minci.gob.ve / [email protected] Directorio Ministro del Poder Popular para la Comunicación y la Información Andrés Izarra Viceministro de Gestión Comunicacional Mauricio Rodríguez Viceministro de Estrategia Comunicacional Freddy Fernández Directora General de Difusión y Publicidad Mayberth Graterol Director de Publicaciones Gabriel González Diseño y diagramación Ingrid Rodríguez M. Edición Sylvia Sabogal Ilustraciones Ares Depósito legal: lf8712008384365 Mayo, 2008. Segunda Edición República Bolivariana de Venezuela l Encuentro Latinoamericano vs el Terrorismo Mediático se realizó en- Etre el 27 y el 30 de marzo de 2008, en los espacios del Centro de Estudios Latinoa- mericanos Rómulo Gallegos (Celarg) y coin- cidió con una reunión de la Sociedad Intera- mericana de Prensa (SIP), efectuada a pocas cuadras. Así, mientras los dueños de la gran prensa emitían un informe sin sorpresas en un hotel que llegó a ser símbolo del golpismo venezolano, periodistas e investigadores de nuestra América debatían sobre el papel de los medios y denunciaban la infausta historia de la SIP. Este libro reúne las ponencias hechas duran- te ese Encuentro, presentadas casi estricta- mente en el mismo orden de exposición que tuvieron durante las jornadas de debate. Algunos periodistas que manifestaron su interés en participar en el evento, pero no pudieron viajar a Caracas, aportaron sus reflexiones para el Encuentro, las cuales son incluidas en esta publicación, por conside- rarlas una contribución valiosa para la dis- cusión sobre el tema. -
PHL State of the TV and Video Industry-V2
State of the TV and Video Industry in the Philippines Leo Jaymar G. Uy Head of Research, BusinessWorld Economic Snapshots (Philippines) Indicator 2020 2019 GDP (% growth/decline) -9.6% 6.1% Household Final Consumption -7.9% 5.9% Expenditure (% growth/decline) Unemployment Rate (%) 10.3% 5.1% Labor Force Participation Rate (%) 59.5% 61.3% GDP per capita (2018 prices) P164,919 P181,920 HFCE per capita (2018 prices) P123,915 P133,177 Timeline January 12 March 17 May 5 June 13 June 30 October 10 Taal Volcano Start of PHL Launch of Sky Direct and “A2Z”starts airing Eruption lockdown Congress Kapamilya ABS-CBN TV in Mega Manila measures votes to not Channel Plus is ordered renew ABS- by NTC to shut CBN down franchise Philippine TV industry has gone through a rollercoaster ride in 2020 TV viewership has not recovered since. TV Ad and Number of Spots (Kapamilya Channel and A2Z Channel) In spite of gloomy picture in TV viewing, pay TV viewership has been observed to have increased significantly during primetime. However, Pay TV Subscription has increased at the same time… However, Pay TV Subscription has increased at the same time… Both for cable subscription… Both for cable subscription… …and satellite subscription. The rollout of digital terrestrial television or DTT continues to progress as the appreciation for DTT has improved over the years with the increased use of affordable set-top boxes: ABS-CBN’s TVplus GMA Affordabox Other trends worth watching: • Continuing presence of ABS-CBN on digital (e.g., iWantTFC), on pay TV (e.g., ANC, Kapamilya -
Euronews Brand: a Global Impact on All Continents
A well-established international media Created in 1992 As an initiative from EBU* Based in Lyon, France New worldwide headquarters * European Broadcasting Union 2 A trusted brand Independent Global Unbiased No infotainment No Political Agenda Source: ad hoc research July 2012 - Please tell us what Euronews brings to you or means to you compared to other international news channels that you watch. 959 comments – “euronews”, “News” and “information” were removed as they were obviously the most mentioned. 3 We believe the difference is our diversity A BALANCED AND ACCURATE VIEW OF THE NEWS • 25 shareholders • 600 journalists from more than 30 nationalities • Only multilingual news platform: 13 languages • Independence - Integrity - Accuracy Euronews NEXT: All views "Euronews NEXT is our way of evolving and adapting to the demands of our society and social media. Our mission is to empower people and their views so they can make up their own mind from a sound, reliable and trustworthy news media source. This mission is also a cause: to provide the diversity of perspectives, based on our strong multiculturalism that is at the heart of our DNA. Because all views matter, Euronews is "All Views". Michael Peters, CEO All views presented, allowing viewers and users to make their own informed opinion. Expertise from talented design and creative agencies New communication campaign A new visual identity on air New responsive design website 6 A new visual identity on air May 2016 7 A new responsive design website July 2016 8 Editorial line & Programmes 9 NEWS & BREAKING NEWS 24/7 The latest international news updated round the clock. -
Government Gazette Staatskoerant REPUBLIC of SOUTH AFRICA REPUBLIEK VAN SUID AFRIKA
Government Gazette Staatskoerant REPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID AFRIKA Regulation Gazette No. 10177 Regulasiekoerant August Vol. 626 25 2017 No. 41070 Augustus ISSN 1682-5843 N.B. The Government Printing Works will 41070 not be held responsible for the quality of “Hard Copies” or “Electronic Files” submitted for publication purposes 9 771682 584003 AIDS HELPLINE: 0800-0123-22 Prevention is the cure 2 No. 41070 GOVERNMENT GAZETTE, 25 AUGUST 2017 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 25 AUGUSTUS 2017 No. 41070 3 IMPORTANT NOTICE: THE GOVERNMENT PRINTING WORKS WILL NOT BE HELD RESPONSIBLE FOR ANY ERRORS THAT MIGHT OCCUR DUE TO THE SUBMISSION OF INCOMPLETE / INCORRECT / ILLEGIBLE COPY. NO FUTURE QUERIES WILL BE HANDLED IN CONNECTION WITH THE ABOVE. Contents Gazette Page No. No. No. GENERAL NOTICES • ALGEMENE KENNISGEWINGS Independent Communications Authority of South Africa/ Onafhanklike Kommunikasie-owerheid van Suid-Afrika 642 Independent Communications Authority of South Africa (13/2000): Invitation for written representations ............... 41070 4 This gazette is also available free online at www.gpwonline.co.za 4 No. 41070 GOVERNMENT GAZETTE, 25 AUGUST 2017 GENERAL NOTICES • ALGEMENE KENNISGEWINGS Independent Communications Authority of South Africa/ Onafhanklike Kommunikasie-owerheid van Suid-Afrika INDEPENDENT COMMUNICATIONS AUTHORITY OF SOUTH AFRICA NOTICE 642 OF 2017 642 Independent Communications Authority of South Africa (13/2000): Invitation for written representations 41070 -
Two-Thirds of Pay TV Operators Will Gain Subs
Two-thirds of pay TV operators will gain subs Two-thirds of the world’s pay TV operators will gain subscribers between 2019 and 2025. Covering 502 operators across 135 countries, the Global Pay TV Operator Forecasts report estimates that 59% will also increase their revenues over the same period. Share of pay TV subscribers by operator ranking (million) 100% 38 48 90% 74 80 80% 104 106 70% 225 60% 225 50% 40% 30% 460 449 20% 10% 0% 2019 2025 Top 10 11-50 51-100 101-200 201+ The top 50 operators accounted for 46% of the world’s pay TV subscribers by end- 2019. However, the top 10 will lose subscribers over the next five years, with the next 40 operators flat. Operators beyond these positions will gain subscribers. Simon Murray, Principal Analyst at Digital TV Research, said: “By end-2019, 13 operators had more than 10 million paying subscribers. This will reach 14 operators by 2025.” Eight operators will add more than 1 million subscribers between 2019 and 2025. China Unicom will win the most subs (19.96 million), followed by China Telecom (18.52 million). Eight operators will lose 1 million or more subscribers between 2019 and 2025, led by China Radio and TV with a 37 million loss. The next five losers will all be from the US. The Global Pay TV Operator Forecasts report covers 502 operators with 732 platforms [134 digital cable, 118 analog cable, 283 satellite, 140 IPTV and 57 DTT] across 135 countries. Global Pay TV Operator Forecasts Table of Contents Published in June 2020, this 302-page electronically-delivered report comes in two parts: • A 73-page PDF giving a global executive summary and forecasts. -
Case M.8354 - FOX / SKY
EUROPEAN COMMISSION DG Competition Case M.8354 - FOX / SKY Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 07/04/2017 EUROPEAN COMMISSION Brussels, 7.04.2017 C(2017)2451 final In the published version of this decision, some information has been omitted pursuant to Article 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are PUBLIC VERSION shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. To the notifying party: Subject: Case M.8354 - FOX / SKY Commission decision pursuant to Article 6(1)(b) of Council 1 Regulation No 139/2004 and Article 57 of the Agreement on the 2 European Economic Area Dear Sir or Madam, (1) On 3 March 2017, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 3 139/2004 by which Twenty-First Century Fox, Inc ("21CF" or the "Notifying Party", US) proposes to acquire the remaining shares that it does not currently own in Sky Plc ("Sky", UK, and the "Proposed Transaction"). 21CF and Sky are collectively referred to as the "Parties". 1 OJ L 24, 29.1.2004, p. 1 (the "Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision. -
Independent Communications Authority of South Africa Act: Inquiry
4 No. 41070 GOVERNMENT GAZETTE, 25 AUGUST 2017 GENERAL NOTICES • ALGEMENE KENNISGEWINGS Independent Communications Authority of South Africa/ Onafhanklike Kommunikasie-owerheid van Suid-Afrika INDEPENDENT COMMUNICATIONS AUTHORITY OF SOUTH AFRICA NOTICE 642 OF 2017 642 Independent Communications Authority of South Africa (13/2000): Invitation for written representations 41070 (r) O z 00 c oI-I n cn rn(f) zi-i -1 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 25 AUGUSTUS 2017 No. 41070 5 INVITATION INVITATION WRITTEN WRITTEN REPRESENTATIONS REPRESENTATIONS FOR FOR Authority Authority of terms terms of of of the the Independent Communications In In Section Section South South 4B 4B (Act (Act Africa Africa submit submit of of 2000), 2000), interested invited invited Act Act hereby hereby No No 13 to to persons persons are their their written written the the the the representations representations Document Document regarding Discussion Discussion Inquiry Inquiry on on Subscription Subscription Television herewith into into Broadcasting Broadcasting published the the Services Services by by Authority. Authority. of the the Document Document will available available made made Discussion Discussion A A be be the the copy copy on on Authority's Authority's the Authority's website website and and at at at Library Library in in Street, Street, Katherine Katherine (Ground (Ground 164 164 Pinmill Pinmill Floor Floor Block Farm, Farm, D), No. No. at at Sandton Sandton 16h00, 16h00, between between 09h00 Monday Monday Friday. and and to to Written Written representations with the the regard regard Document Document must to to Discussion Discussion be be Authority Authority submitted submitted later the the than than by by 16h00 16h00 October October 2017 31 31 to to post, post, by by on on no no delivery delivery electronically marked marked specifically Microsoft Microsoft Word) (in (in hand hand and and for for or or Refilwe Refilwe Pinmill Ramatlo.