th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

How Much Money are Star Cinema, GMA Films, Regal, Viva and Other Local Film Studios Making?

A financial overview of the 10 movie producers that made the most entries for the MMFF since 2012
By Elyssa Christine Lopez |

 

 

Now on its 43rd year, the Metro Manila Film Festival (MMFF) will showcase eight locally produced movies anew for a couple of weeks starting Dec. 25. This is the only time during the year that only local films are shown in virtually all of the moviehouses in the country.

 

In the past six years, 29 film studios have either produced or distributed a movie for the festival. That may seem like a big number. In actuality, not many of them last or remain active in the festival that long. Almost half of them are either new film studios or have only produced only one movie for the contest from 2012 to 2017.

 

In the same period, only 10 film outfits produced or co-produced at least four movies for the MMFF. They’re led by ABS-CBN Broadcasting Corp.’s movie outfit, Star Cinema, which made a total of 10 films; Viva Entertainment, which made nine; and Quantum Films, which produced six. Four producers—Regal Entertainment of industry stalwart Lily Monteverde, OctoArts, APT Entertainment and M-ZET productions—made five films each. The last three—GMA Films, Kris Aquino Productions and MJM Productions—made four films each.

 

Of the eight major movie producers whose financial statements are available at the SEC, only three reported revenues of over Php100 million in their latest financial report. Of these, only one—Star Cinema—made at least Php1 billion in gross sales. The pattern is similar in terms of profits or net income. Only three companies made over Php10 million in net income, and only one of them—again Star Cinema—reported a profit of over Php100 million.

 

Considering the huge costs of producing full-length feature films, these relatively low levels of revenue and net income perhaps explain why over half of the 29 outfits that participated in the MMFF in the past six years produced only one movie each. More Filipinos need to watch locally produced movies and not just during the two-week MMFF to support the financial health of the Filipino filmmaking industry.

 

 

*****

 

 

Elyssa Christine Lopez is a staff writer of Entrepreneur PH. Follow her on Twitter @elyssalopz

Latest Articles

The New Metropolis Rising in Central Luzon is Getting Some Help from Singapore

A consulting firm from the Lion City has been tapped for the project

byMiguel Escobar for Esquiremag.ph | January 18, 2018 00:00:00

Want a Salary of Up to Php99K a Month? Here’s a List of the Highest-Paying Jobs for Pinoys Abroad

Asia and the US need engineers and technicians but Middle East wants healthcare professionals

byElyssa Christine Lopez | January 17, 2018 19:00:00

Former Stock Exchange Chief Assails SEC Decision on Rappler as ‘Anti-Business’

Lawyer Francis Lim says agency’s harsh penalty is inconsistent with its mandate to protect...

byEntrepreneur Staff | January 17, 2018 15:00:00

Need a New Office Space For Your Business This 2018? Try FlySpaces Passport

The subscription service is perfect for highly mobile employees and freelancers

byNicai de Guzman | January 17, 2018 11:00:00

9 Reliable Ways to Cultivate Creative Thinking

Some people are naturally creative. Everyone else can cultivate creativity

byJohn Rampton | January 17, 2018 08:00:00

3 Simple Ways to Increase Empathy at Work

Empathy is a great way to climb the career ladder

byCeren Cubucku | January 17, 2018 06:00:00

This Is How Thinking About Abundance Has Helped Me Build a Success Mindset

Entrepreneurs need to overcome the scarcity mindset

byScott Oldford | January 17, 2018 02:00:00

How To Follow Through On Your Financial Resolutions This 2018

Ditch that defeatist mentality that's running your wallet dry

byKhatrina Bonagua for FHM.com.ph | January 17, 2018 00:00:00

How to Become the Philippines’ Largest Company

It helps if you sell an essential product, and corner bulk or all of the market to yourself

byLorenzo Kyle Subido | January 16, 2018 19:00:00

(Look) Some Employees Are Already Enjoying Lower Withholding Taxes and Their Jan. 15th Payslip is Proof

Here’s a sign that the new TRAIN law really cuts taxes and boosts take-home pay

byElyssa Christine Lopez | January 16, 2018 19:00:00

Financial Adviser: 5 Business Lessons Everyone Can Learn from McDonald’s PH Chief, Kenneth Yang

Under Yang's leadership, McDonald’s PH has become one of the leading fast-food chains in the...

byHenry Ong | January 16, 2018 09:00:00

You Are Made by the People You Say 'No' To

Few things are more difficult than telling someone no

byDavid Meltzer | January 16, 2018 08:00:00