TV5 Media Center | |
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General information | |
Type | Office, studio, broadcasting |
Location | Reliance corner Sheridan Streets, Barangay Highway Hills, Mandaluyong, Metro Manila, Philippines |
Coordinates | 14°34′23.86″N121°3′15.29″E / 14.5732944°N 121.0542472°E |
Construction started | 2011 |
Opening | December 23, 2013 |
Cost | ₱6 billion |
Owner | TV5 Network |
Technical details | |
Floor count | 9 |
Floor area | 6,300 square metres (68,000 sq ft) |
The TV5 Media Center, also known as Launchpad Center, serves as the headquarters and broadcast complex of TV5 and affiliate companies Cignal TV, Nation Broadcasting Corporation, Philex Mining Corporation and Voyager Innovations, Inc. [1]
The construction of TV5 Media Center began In January 2011 in the site where a former PLDT warehouse was located, ten months after TV5 was acquired by MediaQuest Holdings, a media conglomerate of PLDT from the consortium led by former PLDT Chairman Antonio "Tony Boy" Cojuangco, Jr. and Malaysia-based broadcaster Media Prima. The media center was the network's effort to update its existing technologies for a seamless transition to digital broadcasting and to acquire clearer broadcast signal; as well as to consolidate business and studio production operations from its original Novaliches broadcast facility, which was used from ABC/TV5's reopening in 1992, Delta Theater in Quezon City, Broadway Centrum in New Manila (Previously originally owned by GMA Network) , Marajo Tower in Bonifacio Global City and the L. V. Locsin Building in Makati.
The construction of the new facility included two phases. The first phase was the construction of the news department and the target completion was the fourth quarter of 2011. The second phase involved the entertainment department which was targeted for completion the following year. ₱6 billion of capital expenditures from the parent MediaQuest was used in the construction of the facilities. However, the restricted cash flow in the earlier years of construction caused the delay in the completion. The first phase was actually completed in December 2013, while the second phase was targeted to be completed in November 2016. The main corporate and broadcast operations of TV5 Network, Inc. was transferred to the new facility between the said dates, although TV5's transmitter and production of some programs remained in the original Novaliches studios.
In 2017, Phase 2 of TV5 Media Center was renamed as "Launchpad Center" that serves as the headquarters of Voyager Innovations, Inc. [2] The 3rd floor serves as the staff office of Pilipinas Global Network Ltd.
The TV5 Media Center is composed of a one 9-story corporate building and two 8-story buildings which houses six ultramodern TV studios used by the programs of TV5 and One Sports as well as Cignal-exclusive channels (One News, One PH and One Sports+), particularly Studio 4 currently uses for Eat Bulaga! , Studio 5 for news programs, Studio 6 for Face 2 Face and Emojination, radio booths for 92.3 Radyo5 True FM, post-production facilities, newsroom of News5, voice-over room and office spaces. [3] The 5th floor serves as the main office of Cignal TV.
PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company, is a Philippine telecommunications, internet and digital service company.
TV5 is a Philippine free-to-air television and radio network. It is headquartered in Mandaluyong, with alternate studios located in Novaliches, Quezon City. TV5 serves as the flagship property of TV5 Network, Inc., which is owned by MediaQuest Holdings, the multimedia arm of PLDT, a telecommunications company. The network is commonly referred to as "The Kapatid Network", using the Filipino term for "sibling", a branding introduced in 2010.
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DWNB-TV is a television station in Metro Manila, Philippines, serving as the flagship of the One Sports network. It is owned by Nation Broadcasting Corporation; TV5 Network, Inc., which owns TV5 flagship DWET-TV, operates the station under an airtime lease agreement. Both stations share studios at the TV5 Media Center, Reliance cor. Sheridan Sts., Mandaluyong, while DWNB-TV's alternate studio and digital transmitter is located at TV5 Complex, 762 Quirino Highway, Brgy. San Bartolome, Novaliches, Quezon City, and its analog and digital transmitter is located on Block 3, Emerald Hills, Sumulong Highway, Antipolo, province of Rizal.
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MediaQuest Holdings, Inc. is a Philippine media company based in Mandaluyong. It is involved in radio and television broadcasting, as well as direct-to-home satellite services and print media. Though an affiliate of telecommunications company PLDT, MediaQuest is owned by the former's Beneficial Trust Fund, a retirement pension plan funded through its Philippine Depository Receipts. PLDT 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 shareholders include foreign entities such as First Pacific and Nippon Telegraph and Telephone.
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TV5 Network, Inc., commonly known as TV5, is a Philippine media company based in Mandaluyong. It is primarily involved in radio and television broadcasting, with subsidiaries and affiliates dealing in various media related businesses. TV5 is owned by MediaQuest Holdings, an investee company of Philippine telecommunications giant PLDT, through its Beneficial Trust Fund, and headed by business tycoon Manuel V. Pangilinan.
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