The Fall of Philippine TV
The profits of the Philippines’ top two TV networks are falling like rocks. No surprise here: YouTube is huge in the Philippines.
ABS-CBN Broadcasting Corp.’s third-quarter net profit declined by eight percent to P178.9 million from P194.5 million a year before, the company said.
GMA Network 9-month profit down 11%
GMA Network Inc. said its net profit for the nine months to September fell 11 percent from a year earlier to 1.55 billion due to higher operating expenses.
Go Filipino YouTube Directors. This is exactly what happened in the US. It’s about time Filipinos connected with each other and the rest of the world, instead of the cheap outdated shit local networks try to shovel down the throats of the masses. Philippine TV networks should either get on YouTube, or go off the air.
(Via Rickey Yaneza.)
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Television and radio stations must be creative enough to innovate. Years ago, it was unimaginable to have a household telephone. People fall in line just to have a chance to call for 3 minutes. Now, while the Philippines is still considered poor, a street sweeper or a man living under a bridge owns a cell phone. One cannot underestimate the twist and turns of this country. No sooner, even people like them or the public schools could have access to the internet just like the unprecedented influx of the cellphones to the Philippine masa.