ABS-CBN DTV Budget – 1 Billion/Year
Capital spending this year was set at P2.5 billion, P1.7 billion of which will be used to boost signal transmission and upgrade production equipment. The rest will finance film rights acquisition, ABS-CBN chief finance officer Rolando Valdueza said in a briefing Tuesday.
“That doesn’t include the amount needed for our DTT (digital terrestrial TV) service, which was estimated to hit P1 billion a year for the next five years,” Valdueza said.
GMA Network – 200 Million
GMA Network Inc has earmarked P200 million to test digital television, a company official said Tuesday.
GMA executive vice president and chief operating officer Gilberto Duavit Jr said the amount is part of the capital expenditures worth P673 million that the company has set for the second half of the year.
