TV5 not worried over PLDT-GMA deal
TV5, the published arm of PLDT, Inc., sees no conflict with the telco’s having partnered with Gozon-led GMA Network Inc.
“I don’t foresee a head-to-head, aggressive environment,” TV5 President Vincent “Chot” Reyes told newshounds remaining week.
“[T]he driving force of that partnership is content that we are surely now not generating,” he delivered.
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The Kapuso community has tapped PLDT and Smart Communications for a virtual transformation through a “technology, content, and distribution settlement.”
Asked if the deal could result in a TV5-GMA merger given PLDT leader Manny Pangilinan’s previous bids to purchase GMA, Reyes answered: “For now, I can say without a doubt that there’s no plans along the manner.”
“That discussion has been going for quite a while … There’s not anything along those strains,” he delivered.
TV5, which Pangilinan bought in 2009, has yet to expose a income. Reyes closing week said they remained bullish approximately breaking even following a rebrand ultimate year to a sports activities-orientated channel through a partnership with ESPN.