Court lifts garnishment over ABS-CBN, Sky Cable assets

  • Page Views 575
  • ABS-CBN and Sky Cable received an ex-parte writ of attachment and notice of garnishment from the Mandaluyong Regional Trial Court on Thursday, 25 May 2017, in connection with the collection complaint of Solar Entertainment Corporation.

    ABS-CBN and Sky Cable immediately filed a motion to lift the attachment and garnishment on the morning of May 29, which the court granted on the same day.

    Thus, at this time, there is no effective attachment or garnishment over any asset of ABS-CBN or Sky Cable.

    In 2014, ABS-CBN and Solar jointly entered into a license agreement with NBA Properties Inc. Since ABS-CBN was paying 60 percent of the license fees, it considered that the same already covered the carriage fees of Sky Cable. Unfortunately, Solar disagreed. Despite the good faith attempts of ABS-CBN and Sky Cable to resolve the dispute amicably, Solar cut off the NBA feed to Sky Cable and filed this complaint.

    ABS-CBN, in a statement, said it will submit its answer with counterclaims to this complaint.

    Share

    New Posts Recently publish post More

    • 25 September 2017
      7 hours ago No comment

      ‘24 Oras Weekend’ rules timeslot, beats competition

      There was a time when TV stations, like government offices, rested on weekends. In short, the news and public affairs departments were nowhere in the programming grid of the channels. It seems with the advent of specialized broadcasting and news channels on satellite and cable channels, free TV stations ...

    • 25 September 2017
      9 hours ago No comment

      ABS-CBN captivates more Filipinos nationwide in August

      ABS-CBN kept its lead in nationwide TV ratings in August, bringing values-oriented programs and relevant news stories to more viewers in the country. Based on data from Kantar Media, the Kapamilya network recorded an average audience share of 46 percent in both rural and urban homes, or 13 points ...

    • 23 September 2017
      2 days ago No comment

      Alden Richards depicts life story of Boni Ilagan in Alaala: A Martial Law Special

      Kapuso actor Alden Richards takes on his boldest portrayal yet as he depicts the life story of Martial Law activist and award-winning screenwriter Bonifacio Ilagan in GMA Public Affairs’ Alaala: A Martial Law Special. Around 70,000 people were imprisoned; 34,000 were tortured; 3,240 were killed; and 884 disappeared involuntarily, ...

    • 23 September 2017
      2 days ago No comment

      Travel tip from Bea Alonzo: Forget about Instagram first

      It’s safe to include “A Love to Last” star Bea Alonzo in the list of well-traveled celebrities in the country today.   The actress has visited a lot of places – whether for work or vacation – and has even gone on a spontaneous trip to Europe.    “I ...

    • 23 September 2017
      2 days ago No comment

      New Facebook research facility to open in Montréal

      Montréal, Quebec – From smartphone applications that can understand human speech to self-driving cars, artificial intelligence (AI) is changing the way that people interact with each other and their environment. AI and deep learning help create jobs, improve our quality of life, and generate new opportunities for the middle ...

    %d bloggers like this: