What are the possible things to happen in the issue of ABS-CBN franchise?
In the issue of ABS-CBN franchise, here are the possible things that will happen in the next days, months or even in the next years.
It is a fact that the Kapamilya network has been airing for several decades now and they acquire quite a big audience share over the years.
As it is now celebrating its 65 years in the industry, ABS-CBN is facing a problem. Will its franchise be renewed or not? The decision is up to President Rodrigo Duterte.
According to the article by Ed de Leon in Pang-Masa, the Kapamilya network already fixed its problem when it comes to taxes.
On the other hand, the TV network is also facing the issue of the loan. Reportedly, ABS-CBN has P1.6 Billion unpaid debt from the bank owned by the government. It was said that the transaction during the time of the Aquinos.
Based on the article, that debt was associated to other companies of the Lopez family and not the TV network.
When it comes to the issue of ABS-CBN franchise, this will take a long process because the next session in Congress will just about to start. That will be the start of the discussion regarding the franchise of the network.
The House Bill 4349 that aims to prolong the franchise of the Kapamilya network for the nest 25 years is still pending in the Congress.
Based on the article, if the President will choose not to give what ABS-CBN needs, it is his prerogative. However, there are people who are trying to talk to the Chief Executive regarding this issue.
If ever, the network will no longer have its franchise, at least it was already able to establish the iWant TV and it also has its own cable channels and TV box. In addition, its video streaming online does not also need franchise.
Somehow, these can be the fall back of ABS-CBN when things come to worst, based on the article.
What can you say about this?