Kroma Entertainment

Last updated

Kroma Entertainment
FormerlySphere Entertainment (2016–2022)
Company type Private
Industry Entertainment
Founded2016;8 years ago (2016)
Headquarters3/F Globe Telecom Plaza I, Pioneer corner Madison Streets, Mandaluyong, Metro Manila, Philippines
Key people
Ian Monsod (CEO)
Jil Bausa-Go (SVP For Kroma)
Services Film and television production
digital content
event management
consumer service
Parent 917Ventures Retirement Fund (Globe Telecom Group)
Website kroma.ph

Kroma Entertainment, commonly known as Kroma (stylized in uppercase), is a Philippine media and entertainment company engaging in film, television, events, production, digital content management and other media-related businesses. It is financially backed by Globe Telecom through 917Ventures' Retirement Fund agency.

Contents

History

Kroma was launched by the Globe Telecom Group in 2016 as Sphere Entertainment, as the latter continued its expansion of new ventures outside telecommunications. Sphere established film/TV production outlet Globe Studios and live concert/event management Globe Live. [1] [2] [3] It also partnered with domestic and international media companies and brands like Spotify, NBA League Pass, Disney, Netflix and Astro to provide content distribution and consumer services to Globe subscribers.

In July 2020, Globe and Sphere formed a partnership with U.S.-based music label 88rising to launch the localized label Paradise Rising. [4] In November 2020, Globe and Sphere also partnered with filmmakers Erik Matti and Dondon Monteverde to launch Upstream PH, a subscription video-on-demand and streaming service. It became the official provider of the 2020 Metro Manila Film Festival. [5] [6]

In 2022, Sphere was renamed as Kroma Entertainment, while its flagship brands Globe Studios and Globe Live were renamed into Anima and LiveMNL respectively. [7] On April 6, 2022, Kroma was formally launched under its "tradigital" platform (traditional and digital media) with new additional brands engaged in publishing, talent management, production and B2B services. [8] It was also announced by Kroma that it formed a joint-venture with ABS-CBN Corporation and 917Ventures for Pinoy Interactive Entertainment (PIE), a new multi-platform channel aired in May 2022 via BEAM TV's digital broadcast. [9]

Ownership

917Ventures, a corporate venture investment and retirement pension firm that owns Globe's consumer and e-commerce platforms, financially invests the company through its Philippine Depository Receipts. Globe Telecom does not directly own any media property as the current 1987 Constitution states that media companies should be 100% owned by Filipinos and the company's major shareholder is Singtel.

Brands

Previous Brands

Related Research Articles

<span class="mw-page-title-main">ABS-CBN Corporation</span> Media and entertainment conglomerate in the Philippines

ABS-CBN Corporation is a Filipino media company based in Quezon City, Metro Manila, Philippines. It is the largest radio broadcaster, entertainment television production, program syndication provider and media conglomerate in the Philippines. It is a subsidiary of Lopez Holdings Corporation, which is owned by the López family. ABS-CBN was formed by the merger of Alto Broadcasting System (ABS) and Chronicle Broadcasting Network (CBN).

<span class="mw-page-title-main">Globe Telecom</span> Telecommunications company in the Philippines

Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks. As of November 2023, Globe has 54.7 million subscribers, making it the second largest network in terms of subscriber base.

<span class="mw-page-title-main">Creative Programs</span> Philippine media company, subsidiary of ABS-CBN Corporation

Creative Programs, Inc. (CPI) is a subsidiary of ABS-CBN Corporation that operates and distributes pay TV channels and provides pay-per-view services to direct-to-home satellite and cable television providers in the Philippines. Since 2019, CPI also engages in book and magazine publishing through its subsidiary ABS-CBN Publishing, following their merger.

DWKC-DTV is a television station in Metro Manila, Philippines, serving as the flagship of Broadcast Enterprises and Affiliated Media, Inc. Its main office is located at the 3rd floor, Globe Telecom Plaza 1, Pioneer St. cor. Madison St., Mandaluyong City, while its transmitter and master control is located at Palos Verdes Subdivision, Sumulong Highway, Brgy. Santa Cruz, Antipolo, Rizal.

DYRM-DTV is a television station in Iloilo City, Philippines, owned and operated by Broadcast Enterprises and Affiliated Media, Inc. The station maintains a transmitter facility along Piña-Tamborong-Alaguisoc Road, Brgy. Alaguisoc, Jordan, Guimaras, at the former Globe cell site.

Television in the Philippines was introduced in October 1953 upon the first commercial broadcast made by Alto Broadcasting System, making the Philippines the first Southeast Asian country and the second in Asia to do so. Even before that, during the late 1940s, several academic experiments had been done and replicated by Filipino engineers and students.

DXKC-DTV is a television station in Metro Davao, Philippines, serving as the Mindanao flagship of Broadcast Enterprises and Affiliated Media, Inc. The station maintains a transmitter facility along Broadcast Ave., Shrine Hills, Brgy. Matina Crossing, Davao City.

DXBE-DTV is a television station in Zamboanga City, Philippines, owned and operated by Broadcast Enterprises and Affiliated Media, Inc. The station maintains a transmitter facility at Mount Cabatangan, Zamboanga City.

DWHC-DTV is a television station in Naga City, Camarines Sur, Philippines, owned and operated by Broadcast Enterprises and Affiliated Media, Inc. The station maintains a transmitter facility at Brgy. Triangulo, Naga City.

DWHB-DTV is a television station in Baguio City, Philippines, owned and operated by Broadcast Enterprises and Affiliated Media Inc. The station maintains a transmitter facility atop Mt. Sto. Tomas, Tuba, Benguet.

<span class="mw-page-title-main">Ylona Garcia</span> Filipina singer, songwriter and actress (born 2002)

Ylona Jade Garcia(Tagalog:[ɪˈlɔnɐgaɾˈsɪa]; born 28 February 2002) is a Filipino-Australian singer, songwriter and actress. Garcia made her breakthrough in the Philippines in 2015 when she became a part of the television series Pinoy Big Brother where she finished as first runner-up at the end of the competition. She is currently based in the United States releasing music and is now working internationally through 88rising.

Anima, formerly known as Globe Studios, is a Filipino entertainment production company. It focuses on co-producing film, television and online series content.

The 2020 Metro Manila Film Festival (MMFF) is the 46th edition of the annual Metro Manila Film Festival. It is organized by the Metropolitan Manila Development Authority (MMDA). It is the first edition of the festival to be held online due to the COVID-19 pandemic, and also the first to make its entries available to an audience outside the Philippines as part of the festival's official run.

Kumu is a Filipino video sharing and e-commerce social networking service owned and developed by Kumumedia Technologies, Inc. The social media platform is used to livestream curated programs created by app users and partner brands and as an e-commerce platform for app users and partner brands who want to sell their merchandise online. It was founded in 2017 and launched on Android and iOS devices in February 2018. Kumu caters mainly to the Philippine market and the Filipino diaspora. In October 2020, the app topped the download charts of both the Apple App Store and Google Play in the free apps category. The app aims to become a "super app" that combines the functionalities of other apps like YouTube, TikTok, Shopee, Instagram and Facebook Messenger into one. Kumu is considering adding offline events to its platform, such as fan meetings with popular livestreamers and a convention inspired by Comic-Con called Kumu-Con, and expand beyond livestreaming to e-commerce and payments.

Maria Vivoree Niña Matutes Esclito, professionally known as Vivoree, is a Filipino singer, actress, television personality and model. She came to prominence after joining Pinoy Big Brother: Lucky 7 for which she finished 6th among the Teens and 21st Overall and was dubbed "Go Getter Girl Ng Bohol".

Upstream PH is a Philippine over-the-top content platform. It is founded by Filipino filmmakers and Reality Entertainment co-owners Erik Matti and Dondon Monteverde.

The following is a list of events affecting Philippine television in 2022. Events listed include: television show debuts, finales and cancellations; channel and streaming launches, closures and rebrandings; as well as information about controversies and carriage disputes.

<span class="mw-page-title-main">PIE (TV channel)</span> Defunct television channel in the Philippines

Pinoy Interactive Entertainment was a Philippine free-to-air television channel co-owned by ABS-CBN Corporation, Kroma Entertainment and 917Ventures, in partnership with Broadcast Enterprises and Affiliated Media. The name is derived after Pie, a baked pastry dish made of dough casing that contains various sweet or savory filling ingredient. The channel consists of different traditional and digital entertainment programs for games, talk and variety shows mixed with real-time interaction format that can be viewed at any device, dubbed as the country's first multiscreen and real-time interactive entertainment channel. It broadcast nationwide on television via digital terrestrial through BEAM TV on its flagship station Channel 31, cable and satellite providers, as well as worldwide via online through PIE's YouTube channel, its official website and GCash's GLife, which operates from 11:00 am to 11:00 pm.

Globe Capital Venture Holdings, Inc. (GCVHI), doing business as 917Ventures, is a Philippine-based corporate investment firm. Although it is wholly-owned subsidiary of major telecommunications firm Globe Telecom, the company independently operates itself on its own legal entity for the purpose of corporate venture building outside of its parent's core business.

References

  1. ↑ "Globe Studios and Globe Live Officially Launched". GadgetsMagazine.com.ph. July 3, 2016. Retrieved April 6, 2022.
  2. ↑ Diangson, Louie (June 24, 2016). "Globe to produce original movies and series with Globe Studios". YugaTech. Retrieved April 6, 2022.
  3. ↑ "Globe enters production, reveals new content partners". The Philippine Star . June 29, 2016. Retrieved April 6, 2022.
  4. ↑ Sallan, Edwin (July 29, 2020). "Globe teams up with 88rising to launch Paradise Rising label". BusinessMirror. Retrieved April 6, 2022.
  5. ↑ "MMFF Events were Streamed Online". PTV News. November 24, 2020. Retrieved November 24, 2020.
  6. ↑ Policarpio, Allan (January 4, 2021). "MMFF: An apt testing ground for local video service Upstream PH". Philippine Daily Inquirer .
  7. ↑ "Globe Studios transforms into ANIMA, expect more blockbusters in 2022". Manila Bulletin . January 5, 2022. Retrieved January 14, 2022.
  8. ↑ "KROMA brings 'TraDigital' entertainment to Pinoy audience". Manila Bulletin. April 6, 2022. Retrieved April 6, 2022.
  9. ↑ Pascual, Jekki (April 6, 2022). "Globe's Kroma, ABS-CBN, BEAM to launch multi-platform interactive channel PIE". ABS-CBN News. Retrieved April 6, 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.