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.
Mother Company
Solar Films, Incorporated
Business Form
Private
Legal Form
Corporation
Business Sectors
Broadcasting and mass media, movies and television, entertainment
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.
Wilson Y. Tieng
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.
William Y. Tieng
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.
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
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
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.
Wilson Y. Tieng - President and CEO of Solar Entertainment Corporation, President of the Motion Picture Distributors Association of the Philippines (MPDAP), President of KLG International, Chairman of Federated Distributors and Winning Touch, served as Chairman of the Board at iRipple Inc since July 2010 until April 24, 2015, Member of the Board of the Motion Picture Anti-Film piracy Council, Director of Solar Resources and Solar Securities, Director of Ripple E-Business International Inc. since June 5, 2009.
Willy Y. Tieng - Vice President
Aida C. Tieng - Corporate Secretary
Daisy T. Tieng - Treasurer
Valerie Grace F. Domantay - Assistant Corporate Secretary
Non-Executive Board
Missing Data
Supervisory Board
Missing Data
Other Influential People
Missing Data
Further Information
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)
General Information Sheet of Solar Entertainment Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
Financial Statement of Southern Broadcasting Network (available upon request at SEC) (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of Southern Broadcasting Network (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
