Brightlight Productions Chairman and CEO Albee Benitez Albee explained his side of the story over his decision to cancel some of the shows produced by his company on TV5.
In an interview with entertainment columnist Ricky Lo for Philippine Star, Albee said everything was a business decision – cut losses.
“I didn’t see the light at the end of the tunnel… they were telling me that it takes time to develop. We were really hoping that there would be some light but I never saw that light. Whether you believe that there’s a light at the end of the tunnel, at a certain point it becomes a business decision. Ano muna tayo…cut losses. Let’s fight some other time.” said Albee.
“Every week, they would update me on the rating. The premiere episode was okay, mataas ang rating but it started to go down. They told me that it was a fluke, that it usually takes six months to make a profit. They saw the revenue, they saw the ratings, they saw everything. Ang hirap naman that we would continue and keep on losing money. Masakit naman ‘yon! You are spending big money and it’s not earning anything, and you are paying everybody pa.” added Albee.
“I followed everything in the contract,” stressed Albee. “The natural provision in any contract is that if a business enterprise is losing money, kapag nalulugi na and it will not recover, you try to cut the losses and save it.” Albee said.
(Photo source: Instagram – @akosilolitsolis)
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