Solar Entertainment Corporation

Solar Entertainment Corporation

Solar Entertainment Corporation is a mass media corporation owned by the brothers Wilson, William, and Willy Y. Tieng and their family. It operates 10 TV networks: ETC, 2nd Avenue, JackTV, CT, Solar Sports, Basketball TV, NBA Premium, Shop TV, The Game Channel, and My Movie Channel. It also has a film distribution business and owns and operates Domestic Satellite Philippines Corporation (DOMSAT).

William Y. Tieng sits as the chairman of the board of the corporation while Wilson Y. Tieng is its President and chief executive officer and Willy Y. Tieng is vice president.

Solar Entertainment Corporation claims to be the largest content provider and channel operator in Southeast Asia. It also claims to be the first to offer video-on-demand (VOD) service in the country.

The Tieng brothers used to have a 34-percent stake in Radio Philippines Network (RPN) that they acquired from the Philippine government as part of RPN and Intercontinental Broadcasting Corporation’s privatization in 2011. They sold the same shares to Antonio Cabangon-Chua in August 2014.

The Tieng brothers are also into the film industry, food industry as distributor of kitchenware, security sourcing, and real estate.

They are behind major development projects like the Manila Bay reclamation and the project to redevelop Sangley Point in Cavite, a former United States naval station.

Key facts

Mother Company

Solar Films, Incorporated

Business Form

Private

Legal Form

Corporation

Business Sectors

Broadcasting and mass media, movies and television, entertainment

Ownership

Solar Films, Incorporated

Solar Films is owned by the Tieng brothers who started the company in 1988. It started by bringing international films to the Philippines and has since worked with Filipino filmmakers to produce movies.

38%
Other Media Outlets

Other Print Outlets

Other TV Outlets

ETC, Solar Sports, Basketball TV, Jack TV, 2nd Avenue, CT, and NBA Premium

Other Radio Outlets

Other Online Outlets

<www.solarentertainmentcorp.com> www.solarentertainmentcorp.com

Facts

Media Business

Film production

Solar Films

Business

Coming Soon

General Information

Founding Year

2004

Founder

William Tieng, Wilson Tieng, and Willy Tieng

Affiliated Interests Founder

The brothers Wilson, William, and Willy Tieng are also into film industry, food industry as distributor of kitchenware, security sourcing, and real estate. They are behind major development projects like the Manila Bay reclamation and the project to redevelop a former United States naval station.

Contact

3/F Worldwide Corporate Center, EDSA cor. Shaw Blvd., Mandaluyong City, 1552 Telephone Number: (632) 461 0888, (632) 695 3532

Tax/ ID Number

002-927-938

Financial Information

Revenue (Financial Data/ Optional)

29.28 Mil $ / 1.37 Bil P

Operating Profit (in Mill. $)

2.66 Mil $ / 124.43 Mil P

Advertising (in % of total funding)

Missing Data

Management

Executive Board + Interests Executive Board

William Y. Tieng - Chairman of the Board of Solar Entertainment Corporation, served as Managing Director of AbaCore Capital Holdings, Inc. since August 2, 2010, Chairman of the Board of Federated Distributors, Inc., Solar Entertainment Corporation, Solar Resources, Inc. and KLG International Inc., Vice Chairman of the Media Committee of the Federation of Filipino-Chinese Chamber of Commerce and Industry, has been Director of AbaCore Capital Holdings, Inc. since July 2008.

Non-Executive Board + Interests Non-Executive Board

Missing Data

Supervisory Board + Interests Supervisory Board

Missing Data

Other Influential People + Interests Other Influential people

Missing Data

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

Conversion rate on Dec. 31, 2015: P 46.86.
Audience share based on Nielsen’s National Urban TV Audience Measurement (TV, Jan-August 2016), Nielsen's Consumer and Media View (Print, Jan-August 2016), Audience share from Nielsen's Radio Audience Measurement
Founding year based on date of incorporation as reflected in the Securities and Exchange Commission documents.

Sources

Financial Statement of Solar Entertainment Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)

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  •  
    Reporters without borders
  • Funded by
    BMZ