ABS-CBN branches out to Theme Park dev't

[timrev]

http://www.abs-cbnnews.com/business/...heme-park-devt
MANILA, Philippines - Lopez-led multimedia conglomerate ABS-CBN Corp. is branching out into theme parks and resorts development, following the footsteps of global media giants Walt Disney Co., NBC Universal and Viacom which broke out of the cocoon of home entertainment.

The country’s largest media outfit has incorporated ABS-CBN Theme Parks & Resort Holdings Inc. with an initial authorized capital of P270 million to serve as the group’s vehicle for its foray into the amusement park business.

The Lopezes were earlier reported among those that have signified interest to partner with Japanese billionaire Kazuo Okada, one of the four investor groups granted a license to operate a casino in Philippine Amusement & Gaming Corp.’s Entertainment City.

Okada and the group of taipan John Gokongwei are still in talks for a possible partnership in the Japanese pachinko tycoon’s planned $2 billion integrated resort along Manila Bay.

Sources said ABS-CBN is banking on the flourishing market for family amusement rides and live shows as Asia’s large populations are now moving up into the bottom rungs of the middle classes, triggering a boom in theme park construction. With more disposable income and free time, the continent’s growing middle class tend to spend some of it on thrill rides.
In an industry challenged by piracy and a deteriorating DVD business, amusement parks have emerged as a bright spot. Theme parks have become one of the few steady growth drivers for global media and entertainment conglomerates.

Analysts said real estate has become indispensable to an entertainment company’s portfolio, its growth and promotional strategies. The recent years have seen many global media firms venturing into theme park and resorts development to diversify their revenue stream.

[timrev]

sana matuloy to para hindi puros casino ang pinapatayo...saan kaya nila balak ipatayo?

[Monseratto]

I wonder what kind of recreational themes will they offer. Universal, Paramount-Viacom and Disney have their portfolio of memorable TV shows, movies and cartoons that are recognized world wide. ABS CBN have forgetable b-type scandal dramas, revolving games shows, bias news programs and vice ganda...

[timrev]

theme park at monaco F1 racetrack pwede...malaki at mahabang roller coaster

[crazy_boy]

theme park at monaco F1 racetrack pwede...malaki at mahabang roller coaster

maganda yang F1. pero hindi complete ang Philippine driving experience without potholes and jeepneys hehe kasama sa track yun

[greenlyt]

^ wag mong kalimutan yun mga bus, tricycles and kuligligs
and also flash flood pag may downpour

[timrev]

na my greyhounds racing or polo

[Phoenix67]

I doubt that they will really have "theme parks" on the line. I would "bet" na Casino resorts din yan...mas sureball ang pera (ROI).

[wowiesy]

I wonder what kind of recreational themes will they offer. Universal, Paramount-Viacom and Disney have their portfolio of memorable TV shows, movies and cartoons that are recognized world wide. ABS CBN have forgetable b-type scandal dramas, revolving games shows, bias news programs and vice ganda...

And i think for the Filipino market, whether local or global, ubra na yan... Altho the scale isn't as big as Disney even in Hongkong...

Pero kung foreign tourists ang target, malabo...

[timrev]

kelangan na talaga nagventure ng ABS CBN sa ibang business kasi humihina na siguro network nila sa paglabas ng TV5 on merging pa sila ng GMA7 at partner pa nila ang smart...balibalita nga makikipagpartner ang GLOBE sa ABS
magventure nalang sana sila sa railway ng pinas

if casino yan babalik sakanila pinagsasabi nila

[Retz]

I'm looking forward to this development.

[timrev]

nag venture out na nga sa ibang business ang ABS nakita ko lang sa net about
ABS-CBN Ecovillage's Site

[Boy Bastos]

I wonder what kind of recreational themes will they offer. Universal, Paramount-Viacom and Disney have their portfolio of memorable TV shows, movies and cartoons that are recognized world wide. ABS CBN have forgetable b-type scandal dramas, revolving games shows, bias news programs and vice ganda...

ABS-CBN theme park? Ano kaya pangalan ng mga rides nila?

Piolo Pascuals' Love Train(For Boys Only)
Vice Ganda's Carousel with live horses
The Haunted Bahay ni Kuya

[Monseratto]

ABS-CBN theme park? Ano kaya pangalan ng mga rides nila?

Piolo Pascuals' Love Train(For Boys Only)
Vice Ganda's Carousel with live horses
The Haunted Bahay ni Kuya

Big Brother's Harlem
Noli Boy's House of Lies...

Ano ata pwede kay Korina?

[timrev]

gagamboy, lastikman, kristala, super inggo superhero sa theme park nila

[lowslowbenz]

Kabaduyan na naman ito!

[timrev]

MANILA, Philippines - With politicians removed from her list of potential partners, actress-host Kris Aquino believes that she will likely get hitched with a Japanese billionaire.
Kris Aquino and Japanese billionaire Kazuo Okada. Composite/ File Photo
On Wednesday's episode of her morning show on ABS-CBN, "Kris TV," Aquino singled out Kazuo Okada, one of the four investors granted a license to operate a casino in Philippine Amusement and Gaming Corp.'s Entertainment City.

She made the statement after it was reported by The Philippine Star that ABS-CBN recently incorporated ABS-CBN Theme Parks and Resort Holdings Inc. with an initial capital of P270 million.

"Ayun, eto 'yung Japanese billionaire. Chiz, ito na 'yung mapapangasawa ko," Aquino jokingly told Senator Francis "Chiz" Escudero, who is a guest co-host on "Kris TV."

"Sa ABS ko siya makikilala. Eto o, Kazuo Okada."

Asked by Escudero if she knows how Okada looks like, Aquino said: "Hindi pa. Pero ito na 'yun, I feel it. Ito na 'yung sinabi sa akin. ABS-CBN, I'm sure dito ko siya makakasalubong."

"I'm going to have a theme park. Krissy Land. Yay diba?" she added, laughing.

To which Escudero said, "Good luck."

Kidding aside, Aquino said she is excited about ABS-CBN's new venture.

"This is good ah. Ang saya if ABS will get into this. So exciting because we have to give tourists more options where they can go.

"So 'pag may theme park na tayo, lahat ng nanonood sa TFC (The Filipino Channel), pagkatapos ng studio tour pwede na silang pumunta sa ABS-CBN theme park," she said.
http://www.abs-cbnnews.com/entertain...se-billionaire