ABS News tinyurl/StockRecommendation -------- ABS-CBN, South Korean firm launch shopping channel BROADCAST firm ABS-CBN Corp. has tied up with South Korean home-shopping company CJ O Shopping Corp. in a move to introduce a new buying platform for televiewers. In a regulatory filing on Tuesday, the Lopez-owned leading information and entertainment multimedia conglomerate said it is investing at least P200 million in a joint-venture project with one of the world’s biggest home-shopping companies. “The joint venture, called A CJ O Shopping Corp., combines the strength of the two industry giants to empower Filipinos with information about reliable and world-class products that they can obtain through time-saving purchasing process,” the disclosure read. The home-shopping experience begins when TV shopper-audiences get complete information about the products showcased in the company-owned O Shopping Channel, and via an innovative hotline place their orders and arrange for home deliveries with the help of sales consultants. Featured in the company-produced programs is a wide array of merchandises, such as kitchen, home, exercise and beauty products known and trusted worldwide. The O Shopping Channel has commenced broadcasting 24/7 through Sky Cable and Global Destiny. It also started to air programs through ABS-CBN’s Channel 2 and Studio 23 on October 15. CJ (short for Cheil Jedang) O Shopping is the cable home-shopping channel of South Korean conglomerate CJ Group. Apart from the Philippines, it has operations in several markets in Asia, including China, India, Japan, Vietnam and Thailand. businessmirror.ph/index.php/en/business/companies/21941-abs-cbn-south-korean-firm-launch-shopping-channel
Posted on: Tue, 29 Oct 2013 12:18:59 +0000
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