ABS-CBN Corp. said the Lopez group will continue to determine the company’s strategic direction following shareholder approval of a ₱6-billion equity infusion that will bring in a new major investor and expand the company’s ownership structure.
At a special stockholders’ meeting on September 30, shareholders approved the capital changes needed for the new investment and the issuance of additional shares. The transaction includes ₱3.5 billion from I&C Holdings Corp., ₱2.2 billion from three Lopez family investment companies — Crème Investment Corp., Mantes Corp. and Presta Holding Co. Inc. — and another ₱300 million from Lopez Inc.
ABS-CBN Chairman Mark Lopez said Lopez Inc., the other Lopez family investment companies and ABS-CBN would continue determining the company’s strategic direction. He added that the new major investor would be consulted and that its rights would be respected.
The capital infusion will significantly change ABS-CBN’s shareholding structure. I&C Holdings is set to acquire a substantial stake, while the combined holdings of Lopez Inc. and the three Lopez family investment companies will allow the family to retain collective majority ownership.
Shareholders representing about 83% of ABS-CBN’s outstanding voting shares approved the proposals. The company is also increasing the size of its board from seven to nine directors, creating room for representatives of the additional investors. The amendments to the company’s Articles of Incorporation still require approval from the Securities and Exchange Commission.
The new investment is intended to provide additional resources for ABS-CBN as it continues rebuilding its business following the loss of its broadcast franchise in 2020. The company has increasingly focused on content production, digital platforms, streaming, films, music, live events and partnerships with domestic and international distributors.
ABS-CBN has also been working to reduce its financial burden. The company previously reported that its debt had fallen to below ₱8.5 billion, excluding Sky Cable, from ₱20.5 billion in 2019. Its revenue excluding Sky reached ₱12.6 billion in 2025, although this remained significantly below the ₱33.2 billion recorded in 2019 before the franchise shutdown.
The company continues to face financial challenges. ABS-CBN reported consolidated revenue of ₱6.88 billion in the first half of 2026, down 17% from the same period a year earlier, while its net loss widened to ₱1.83 billion from ₱852 million.
ABS-CBN has described the new funding as part of its effort to build a new business model centered on Filipino storytelling across multiple platforms. The company plans to continue producing programs, films, news, music and other content while expanding partnerships that allow its productions to reach audiences in the Philippines and overseas.
The investment therefore brings a new shareholder into ABS-CBN while leaving the Lopez family at the center of the company’s strategic direction. The next stage will depend on regulatory approvals and how the fresh capital is deployed as the media company continues its transition into a broader content and entertainment business.
