The UAAP and ABS-CBN failed to come to terms to a contract extension before the television giant was shut down by the government following the expiration of its franchise on Tuesday night. ABS-CBN has been airing UAAP games on its UHF channel, Studio 23, and later when the channel was rebranded to S and A […]
The UAAP and ABS-CBN failed to come to terms to a contract extension before the television giant was shut down by the government following the expiration of its franchise on Tuesday night.
“UAAP and ABS-CBN have promised to negotiate in good faith so entertaining a third party before the expiration of the contract is out of the question.” Although UAAP officials have remained tight-lipped on the matter, the deal signed in 2014 reportedly got a significant hike from the P50 million that ABS-CBN was paying the league per season in an earlier agreement.
“We are sure that ABS-CBN has made that amount up already, and they have realized some profit after the basketball event,” the source, who was part of the negotiating team for the league five years ago, had told the Inquirer.
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