ABS-CBN and The X Factor

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Difference between ABS-CBN and The X Factor

ABS-CBN vs. The X Factor

ABS-CBN Corporation, commonly known as ABS-CBN, is a Filipino media and entertainment group based in Quezon City. It is the Philippines' largest entertainment and media conglomerate in terms of revenue, operating income, net income, assets, equity, market capitalization, and number of employees. ABS-CBN was formed by the merger of Alto Broadcasting System and Chronicle Broadcasting Network. ABS was founded in 1946 by American electronics engineer James Lindenberg as Bolinao Electronics Corporation (BEC). In 1952, BEC was renamed Alto Broadcasting System (ABS), after Judge Antonio Quirino, brother of President Elpidio Quirino, purchased the company. The company that would later be merged with ABS was founded in 1956 as Chronicle Broadcasting Network (CBN) by newspaper mogul Eugenio Lopez, Sr. and his brother Fernando Lopez (then Vice President of the Philippines). The two companies were merged and incorporated as ABS-CBN Broadcasting Corporation on 1 February 1967, and renamed ABS-CBN Corporation in 2010 to reflect the company's diversification. The common shares of ABS-CBN were first traded on the Philippine Stock Exchange in July 1992 under the ticker symbol ABS. The group owns and operates the ABS-CBN and ABS-CBN Sports+Action national television networks as well as the Radyo Patrol and My Only Radio regional radio networks. The ABS-CBN television network, in particular, is the largest contributor to the group's revenue, generating about 50 to 60 percent of the group's total annual revenue mainly from selling airtime to advertisers. The remaining revenue is generated from consumer sales, mainly from ABS-CBN Global Ltd. which distributes international television channels such as The Filipino Channel and Myx TV and from pay TV and broadband internet provider Sky. Other companies under the ABS-CBN group are motion picture company Star Cinema, music recording label Star Music, publishing firm ABS-CBN Publishing, pay TV content provider and distributor Creative Programs, and talent agency Star Magic. Among the pay TV networks and channels under the ABS-CBN group are ABS-CBN HD, ABS-CBN News Channel, ABS-CBN Sports+Action HD, Cinema One, Jeepney TV, Metro Channel, Liga, and Myx. In recent years, ABS-CBN has ventured and diversified in other businesses such as cellular telephony provider ABS-CBN Mobile, video on demand platform I Want TV, digital terrestrial television service ABS-CBN TV Plus, family entertainment center Kidzania Manila, and home shopping network O Shopping. ABS-CBN is also the principal owner of ABS-CBN Philharmonic Orchestra. The X Factor is a television music competition franchise created by British producer Simon Cowell and his company SYCOtv.

ABS-CBN

ABS-CBN Corporation, commonly known as ABS-CBN, is a Filipino media and entertainment group based in Quezon City. It is the Philippines' largest entertainment and media conglomerate in terms of revenue, operating income, net income, assets, equity, market capitalization, and number of employees. ABS-CBN was formed by the merger of Alto Broadcasting System and Chronicle Broadcasting Network. ABS was founded in 1946 by American electronics engineer James Lindenberg as Bolinao Electronics Corporation (BEC). In 1952, BEC was renamed Alto Broadcasting System (ABS), after Judge Antonio Quirino, brother of President Elpidio Quirino, purchased the company. The company that would later be merged with ABS was founded in 1956 as Chronicle Broadcasting Network (CBN) by newspaper mogul Eugenio Lopez, Sr. and his brother Fernando Lopez (then Vice President of the Philippines). The two companies were merged and incorporated as ABS-CBN Broadcasting Corporation on 1 February 1967, and renamed ABS-CBN Corporation in 2010 to reflect the company's diversification. The common shares of ABS-CBN were first traded on the Philippine Stock Exchange in July 1992 under the ticker symbol ABS. The group owns and operates the ABS-CBN and ABS-CBN Sports+Action national television networks as well as the Radyo Patrol and My Only Radio regional radio networks. The ABS-CBN television network, in particular, is the largest contributor to the group's revenue, generating about 50 to 60 percent of the group's total annual revenue mainly from selling airtime to advertisers. The remaining revenue is generated from consumer sales, mainly from ABS-CBN Global Ltd. which distributes international television channels such as The Filipino Channel and Myx TV and from pay TV and broadband internet provider Sky. Other companies under the ABS-CBN group are motion picture company Star Cinema, music recording label Star Music, publishing firm ABS-CBN Publishing, pay TV content provider and distributor Creative Programs, and talent agency Star Magic. Among the pay TV networks and channels under the ABS-CBN group are ABS-CBN HD, ABS-CBN News Channel, ABS-CBN Sports+Action HD, Cinema One, Jeepney TV, Metro Channel, Liga, and Myx. In recent years, ABS-CBN has ventured and diversified in other businesses such as cellular telephony provider ABS-CBN Mobile, video on demand platform I Want TV, digital terrestrial television service ABS-CBN TV Plus, family entertainment center Kidzania Manila, and home shopping network O Shopping. ABS-CBN is also the principal owner of ABS-CBN Philharmonic Orchestra.

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