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Is ABS-CBN slowly returning to its former glory?

There is definitely some improvement this year for the Network’s dire situation. Amid the shutdown, it continues to fight back, giving Filipinos the entertainment and information that they need.

ABS-CBN seems to be slowly returning to its former glory after suffering numerous losses in 2020.

Despite being without a franchise, the Kapamilya Network continues to create new shows.

Back in December 2020, ABS-CBN unveiled the list of new shows and movies in line with its theme, “Together as One sa 2021”. The Network also continued producing new episodes for its show FPJ’s Ang Probinsyano.

This 2021, we will get to see Jane de Leon in Mars Ravelo’s Darna: The TV Series. But since the start of this year, ABS-CBN has released various shows such as Init sa Magdamag, top-billed by Gerald Anderson, Yam Concepcion, and JM De Guzman; and Huwag Kang Mangamba featuring the Gold Squad members Francine Diaz, Andrea Brillantes, Kyle Echarri, and Seth Fidelin has already started since March.

In addition to the ongoing and upcoming TV series, the iWantTFC La Vida Lena starring Erich Gonzales, Carlo Aquino, Kit Thompson, and JC de Vera, as well as the international show Almost Paradise starring American actor Christian Kane and an ensemble of veteran Filipino actors will come to ABS-CBN.

There is also a series starring Kathryn Bernardo and Daniel Padilla that is yet to be named.

In January, the network started the year with Maymay Entrata and Edward Barber’s movie, Princess Dayareese.

But it does not end there. There are also upcoming films to watch this year: Hello Stranger the Movie, starring JC Alcantara and Tony Labrusca; Love or Money, starring Coco Martin and Angelica Panganiban; Soul Sistahs, starring Melai Cantiveros, Karla Estrada, and Jolina Magdangal; All-Nighter; Keys to the Heart; and Ang Mga Kaibigan ni Mama Susan, starring Joshua Garcia.

In 2020, ABS-CBN reportedly lost a P13 billion net loss, not to mention its revenues which went downwards to P21.4 billion.

However, the network, surprisingly, is faring much better this June. Its stock price rose to P13.98, the highest since January.

It also had consecutive days where ABS-CBN managed to have high stock prices.

Also, ABS-CBN continues to rack up talents. Recently, the network signed 40 new and existing talents as part of its Star Magic Black Pen Day on June 19.

Established artists John Arcilla, Sandino Martin, Marc Solis, and Angeline Quinto and new artists like Kaila Estrada, Arabella Davao, Mary Joy Apostol, Zabel Lamberth, Rans Rifol, Vance Larena, Maureen Wrob, Paolo Gumabao, Luis Vera-Perez, Sela, Migo Manikan, Vitto Neri, and Jake Ejercito signed their respective new contracts with ABS-CBN.

RISE Artists Studio’s Gigi De Lana, Zach Castaneda, Shanaia Gomez, Karina Bautista, Aljon Mendoza, Jayda, and JC Alcantara also inked new contracts.

Artists from partner talent agencies such as Arnold Vegafria’s ALV Events International and from Ogie Alcasid’s ATEAM (Alcasid Total Entertainment & Artist Management, Inc) also signed inked contracts with Star Magic.

Aside from that, Direk Lauren Dyogi, Star Magic’s head, aims to bring Filipino talents across the world, which he unfolded during the historic contract signing.

The network is indeed showing signs of improvement as days go by. Amid the shutdown and the pandemic, it continues to survive, continuing to serve Filipinos: by providing the entertainment and information they need.

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