/ / PBA should move to STUDIO 23 / /
PBA MAY SEVER TIES WITH 4
THE PHILIPPINE Basketball Association is set to severe its partnership with NBN-4 even as it took the first steps to go after Manilabank in a bid to collect unpaid obligations the government-controlled television station has accrued with the pro league.
NBN-4 hooked up with IBC-13 to win the television rights for the league games worth R600 million over three years but had a rough first season as TV coveror, piling up debts in unpaid franchise fees expected to reach R134M by the end of the year.
The unpaid franchise fees and IBC-13s decision to disengage from what was originally a parallel coverage of the games are expected to be the grounds the league board will cite when it hands down the decision to rescind its contract with NBN-4, sources said.
NBN general manager Joey Isabelo said the station has yet to receive word from the league on any decision on the matter, but hinted that he is bracing for the worst.
Isabelo admitted getting a letter last month from the league giving the station until the end of the month to rectify the unfulfilled provisions of the contract, specifically the payment of the franchise fee and the parallel coverage with IBC-13.
Nasa (PBA board) na iyon, said Isabelo. Basta kami, tinaguyod namin and production hanggang sa huli, in fact gumawa pa nga kami ng special for the awards night.
Ginawa namin ang lahat at nasa kanila na ang decision.
Sources, however, said the league board has already made the decision to terminate the NBN contract and is in fact in the process of considering other options on the television coverage of the games, including new tie-ups with other stations.
A co-production with NBN is also being considered, sources said.
Still, Isabelo said the government-controlled station is ready to continue coverage of the games.
Preparado pa rin kami, he said.
Asked what steps NBN would take if and when the league rescinds the contract, Isabelo said: Of course, we have to protect the interests of the station.
The league, meanwhile, is moving to protect its own interest, turning to Manilabank to collect NBNs obligations on the strength of the Letter of Credit the bank issued to the league backing up the television contract.
However, sources expect the move to trigger a long legal battle since Manilabank has, as early as March, declared the LC inoperative owing to NBN and financial partner Summit Sports failure to comply with the terms of its contract with the bank.
The league is reportedly anchoring its bid on a law that says an LC, once given, can never be taken back without the mutual consent of the parties involved.
The league, sources said, is also set to go after IBC-13 for dropping out of the coverage in November.
dapat lang! i think the NBN broadcast sucks! hardly anyone watches that channel, except for the weekly lotto draw. :grrr:
the PBA should switch to Studio 23. :bop:
Studio 23 is owned by ABS-CBN, the top broadcast company in the country. thus it has the strongest marketing potential and has successfully increased the popularity of the UAAP and NCAA.
people would rather watch an ATENEO-La SALLE game than an SMB-Ginebra tussle.
no offense to SMB and Barangay Ginebra but those two collegiate squads can fill the big dome up to the rafters, and made MIKE CORTEZ and ENRICO VILLANUEVA immensely popular even before landing professional contracts.