TV5 Media Center

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TV5 Media Center
TV5 Media Center - reliance side (Reliance cor. Sheridan, Mandaluyong; 2017-01-06).jpg
TV5 Media Center is located in Manila
TV5 Media Center
Location within Manila
General information
Typeoffice, studio, broadcasting
LocationReliance corner Sheridan Streets, Barangay Buayang Bato, Mandaluyong, Metro Manila, Philippines
Coordinates14°34′23.86″N 121°3′15.29″E / 14.5732944°N 121.0542472°E / 14.5732944; 121.0542472
Construction started2011
OpeningDecember 23, 2013
Cost₱6 billion
OwnerTV5 Network
Technical details
Floor count9
Floor area6,300 square meters

The TV5 Media Center, also known as Launchpad Center, the headquarters and broadcast complex of TV5 and affiliate companies Cignal TV, Nation Broadcasting Corporation, Philex Mining Corporation and Voyager Innovations, Inc.[1]

Construction[]

The construction of TV5 Media Center began in January 2011 in the site where a former PLDT warehouse was located, ten months after TV5 was acquired by MediaQuest Holdings, a media conglomerate of PLDT from the consortium led by former PLDT Chairman Antonio "Tony Boy" Cojuangco, Jr. and Malaysia-based broadcaster Media Prima. The media center was the network's effort to update its existing technologies for a seamless transition to digital broadcasting and to acquire clearer broadcast signal; as well as to consolidate business and studio production operations from its original Novaliches broadcast facility, which was used from ABC/TV5's reopening in 1992, Delta Theater in Quezon City, Broadway Centrum in New Manila, Marajo Tower in Bonifacio Global City and the L. V. Locsin Building in Makati.

The construction of the new facility included two phases. The first phase was the construction of the news department and the target completion was the fourth quarter of 2011. The second phase involved the entertainment department which was targeted for completion the following year.[2] ₱6 billion of capital expenditures from the parent MediaQuest was used in the construction of the facilities. However, the restricted cash flow in the earlier years of construction caused the delay in the completion. The first phase was actually completed in December 2013, while the second phase was targeted to be completed in November 2016. The main corporate and broadcast operations of TV5 Network, Inc. was transferred to the new facility between the said dates, although TV5's transmitter and production of some programs remained in the original Novaliches studios.

In 2017, Phase 2 of TV5 Media Center was renamed as "Launchpad Center" that serves as the headquarters of Voyager Innovations, Inc.[3][4]

Features[]

The TV5 Media Center is composed of a one 9-story corporate building and two 8-story buildings which houses six ultramodern TV studios used by the programs of TV5 and One Sports as well as Cignal-exclusive channels (One News, One PH and One Sports+), radio booths for Radyo5 92.3 News FM, post-production facilities, newsroom of News5, voice-over room and office spaces.[5] The 5th floor serves as the main office of Cignal TV.

References[]

  1. ^ "TV 5 to complete new media center next year". The Philippine Star. Retrieved May 5, 2016.
  2. ^ "New TV5 Studio along Sheridan Mandaluyong". Juan for A Progressive Philippines. Retrieved May 5, 2016.
  3. ^ Domingo Jr, Nestor (July 14, 2017). "Voyager inaugurates new HQ at Launchpad Building in Mandaluyong City". hardwarezone.com.ph. Retrieved July 14, 2017.
  4. ^ Garcia, Jing (July 18, 2017). "Voyager at LaunchPad: A 'Silicon Valley' for emerging markets". interaksyon.com. Retrieved July 18, 2017.
  5. ^ "Kapatid network's new home". The Philippine Star. Retrieved May 5, 2016.
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