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'Dream team': ABS-CBN, TV5 deal benefits public - Tulfo

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="PLDT President Alfredo S. Panlileo, ABS-CBN Cairman Mark L. Lopez, ABS-CBN President Carlo L. Katigbak and Mediaquest Chairman Manuel V. Pangilinan give the thumbs up sign after the signing ceremony on August 10, 2022. Jonathan Cellona, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/news/08/17/20220810-abs-cbn-mediaquest-partnership-jc-7940.jpg"/><figcaption>PLDT President Alfredo S. Panlileo, ABS-CBN Cairman Mark L. Lopez, ABS-CBN President Carlo L. Katigbak and Mediaquest Chairman Manuel V. Pangilinan give the thumbs up sign after the signing ceremony on August 10, 2022. Jonathan Cellona, ABS-CBN News</figcaption></figure></div>MANILA — The viewing public will benefit as 2 broadcast giants ABS-CBN and TV5 team up to deliver quality content in a landmark partnership deal, a senator said Wednesday.By joining forces, the Lopez-led media company and Manny Pangilinan-led network are set to offer high-quality entertainment and news programs, Sen. Raffy Tulfo said.&quot;The best of 2 worlds joining together at ang end result, dream team. At sino makikinabang dito? The viewing public,&quot; he told ANC&#x27;s &quot;Headstart&quot;.According to Tulfo, he has not so far seen any violations in the partnership deal.&quot;Kung merong violation, then it&#x27;s a different story, it&#x27;s a different ballgame. Pero kung wala tayong makikitang mali at okay lang &#x27;yung merger ng ABS-CBN at TV5, so let it be,&quot; he said.&quot;I, for one, will support that and I&#x27;m talking based on me being a former broadcaster na alam ko &#x27;yung takbo at kalakaran sa media.&quot;<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/08/16/22/house-committee-sets-briefing-on-abs-cbn-tv5-deal">House committee sets briefing on ABS-CBN, TV5 deal</a></li></ul>The House Committee on Legislative Franchises has set a briefing Thursday on the investment of ABS-CBN Corporation in TV5.The schedule was announced same week as SAGIP Party List Rep. Rodante Marcoleta renewed his position against ABS-CBN. In a privilege speech Monday, Marcoleta hinted he may go after the PLDT group, which owns TV5, for allegedly &quot;merging&quot; with ABS-CBN. He earlier played a leading and vocal role in the rejection of ABS-CBN&#x27;s franchise renewal by the 18th Congress.Marcoleta cited alleged violations of the expired franchise of ABS-CBN as well as tax laws and labor laws as reasons for the rejection of the franchise as well as reasons for why TV5, as a grantee of a franchise, should not &quot;merge&quot; with ABS-CBN.To date, no government agency has sued ABS-CBN in court. Neither has it been convicted for alleged violations of franchise and tax laws.When ABS-CBN and MediaQuest, parent company of TV5 signed the investment agreement last week, their executives maintained it was not a merger.ABS-CBN merely invested in 35 percent of TV5 stocks, with MediaQuest, which is controlled by PLDT, retaining control over 65 percent of the broadcaster. The 2 companies remain distinct.The acquisition of additional shares, which will be done via a convertible note agreement, will be subject to regulatory approvals.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/11/22/abs-cbn-invests-in-tv5-in-landmark-deal">Kapamilya + Kapatid: ABS-CBN, TV5 reach partnership deal</a></li></ul><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2175804" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

The viewing public will benefit as 2 broadcast giants ABS-CBN and TV5 team up to deliver quality content in a landmark partnership deal.