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Media Serbisyo Production Corporation

Media Serbisyo Production Corporation

Media Serbisyo Production Corporation (MSPC) is a joint venture between Prime Media Holdings, Inc. and ABS-CBN. It is the driving force behind TeleRadyo Serbisyo, on cable and the internet, and DWPM Radyo 630.

Prime Media is a publicly listed holding company with business ventures related to media and entertainment. Its parent company is RYM Business Management Corporation, a company said to be owned by the Romualdez family.

On the other hand, ABS-CBN is a media and entertainment organization that creates and produces content for different platforms through various partnerships with local broadcasters, iWantTFC, as well as 3rd party platforms, and domestic and international theater chains. It also enters into co-production and syndication agreements with global streaming platforms, international studios, and platform owners.

In an SEC document shared by ABS-CBN, the venture’s primary purpose is to “develop, produce, and finance content, programs, and shows for distribution by other broadcast networks, channels, or platforms, locally and internationally.”

Prime Media is the majority shareholder of MSPC with 51% shares, while ABS-CBN owns the remaining 49%. The joint venture was announced by both companies in May 2023 after ABS-CBN said on its online broadcast news platform TeleRadyo that it would cease operations after incurring huge losses since 2020 when Congress rejected the network’s renewal of its franchise.

Through her indirect stakes as ultimate owner, Luz D. David owns 26.4728% of the 51% stake of Prime Media in MSPC. Meanwhile, the Lopez family owns 34.5308% of the 49% shares of ABS-CBN Corporation in the joint venture.

ABS-CBN formally ceased the operations of TeleRadyo on June 30, 2023. However, through the new company, it will continue to produce various programs as a content provider for the station and online platform.

Prime Media is expanding into other platforms through MSPC. Its joint venture with ABS-CBN has made significant strides after it commenced operations. This includes operating seven days a week and tapping veteran broadcasters for its programming. The public service programs started operations in June 2023.

Marah Capuyan, president of Media Serbisyo Production, through a stock report by Prime Media, affirmed that TeleRadyo Serbisyo and DWPM Radyo 630 are committed to reshaping public service broadcasting. She also disclosed that they have plans to transition to 24/7 operations and to expand their presence on platforms like YouTube and other social media networks.

Key facts

Mother Company

Prime Media Holdings, Inc.

Business Form

Private

Legal Form

Stock Corporation

Ownership

Individual Owner

Media Outlets
Other Media Outlets

Other Online Outlets

TeleRadyo Serbisyo

Facts

Business

Missing Data

General Information

Founding Year

2023

Affiliated Interests Founder

Missing Data

Employees

Missing Data

Contact

Unit 5A Hollywood Square Building 33 West Avenue Penthouse Nayong Kanluran, Quezon City

Mobile Number: 09178453842

Tax/ ID Number

010-758-213-000

Financial Information

Revenue (Financial Data/ Optional)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Management

Executive Board

Anthony Manalang Te

is one of the stockholders and a Board Director of Media Serbisyo Production Corporation.

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