ABS-CBN Corp. is in talks with several real estate firms, including sister company Rockwell Land, to redevelop its headquarters in Quezon City, its home for 55 years that was once seized by the government during the tumultuous martial law years. /PDI
The 44,000-square meter property saw its hallways and offices go nearly empty after the media giant’s franchise was not renewed by members of Congress in 2020 after it earned the ire of then President Rodrigo Duterte.
ABS-CBN subsequently put up online streaming channel “Kapamilya Online Live” in August that same year. Alongside Kroma Entertainment and Globe Telecom’s 917Ventures, it introduced last year the country’s first real-time and multi-screen interactive channel Pinoy Interactive Entertainment in a bid to boost digital content creation.
The media company was set to return to free TV space after it inked an investment agreement with TV5 but it was mutually terminated in September last year after lawmakers moved to block the deal.
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