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Following the rejection of their renewal broadcast franchise application, ABS-CBN shifted its focus on the line of businesses that do not require legislative franchise. These include international licensing and distribution, digital and cable platforms, content syndication via various streaming services and block-timing with various TV networks.
On July 10, 2020, members of the House of Representatives, voted 70–11 to deny ABS-CBN's renewal franchise application, citing several issues on the network's prior 25-year franchise. [ 74 ] [ 75 ] According to a survey released by the Social Weather Stations following the rejection of the network's franchise renewal, 75% of Filipinos want ...
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
The first iteration of the LTFRB was established on November 17, 1902, through the passing of Act No. 520. [2] The commission is in charge of classifying vessels, merchandise, and passengers in with reference to transportation under the coastwise trade, and fixing the maximum rates to be imposed on the vessels and merchandise of different classes, and people that are being moved from one point ...
MORE Power was founded in 2018 under the parent company of Prime Strategic Holdings, Inc. of Enrique K. Razon.On February 14, 2019, it was granted a 25-year power distribution franchise in Iloilo City signed by President Rodrigo Duterte, after Panay Electric Company (PECO)'s 97-year-long service franchise in the city expired earlier on January 18, 2019.
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The prospective franchisee has the right to ask for (and get) a copy of the sample franchise disclosure document once the franchisor has received the prospective franchisee's application and agreed to consider it. The franchisor may provide a copy of its franchise disclosure documents on paper, via email, through a web page, or on a disc.
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