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Home»Breaking News»(Without Padding) Star Cinema, still the nation’s most profitable company
Breaking News Movies

(Without Padding) Star Cinema, still the nation’s most profitable company

Mc Richard PaglicawanBy Mc Richard PaglicawanAugust 13, 2014No Comments2 Mins Read
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Total revenue of Films and Music grew by more than P100 million year-on-year.

ABS-CBN Film Productions, Inc. (a.k.a “Star Cinema”) released 8 films during the first half of the year. Three of them topped P300 million box office receipts – Girl Boy Bakla Tomboy (P421 million), Bride for Rent (P323 million) and Starting Over Again (P390 million) – and another three generated more than P100 million gross receipts – Pagpag (P177 million), Da Possessed (P119 million) and Maybe This Time (P133 million).

Considering both local and foreign movies, Starting Over Again was the 2nd top grosser movie next to The
Amazing Spider Man (P447 million). My Illegal Wife was the first Skylight movie that posted more than
P80 million gross receipts. As of June 30, 2014, Star Cinema captured 88% of the total local market gross
receipts (excluding receipts from Metro Manila Film Festival movies).

The Company also mounted a successful concert – “DOS The Daniel Padilla Concert”- last April 2014. Cost of sales and services increased by 15.7% year-on-year. This is attributable to more quality-produced
films of the Company.

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