TV5 Network Inc. said it expects to meet its revenue target for the year as it launched the first-ever e-sports franchise model league in the Philippines.
“We’re right on target. We’re hitting our numbers. We’re very hopeful that the rest of the year will be okay. But right now, our first half was pretty good. We have some challenges, but by enlarge we are right at our numbers,” TV5 president Vincent Reyes told reporters on sidelines of an event.
Reyes said the network was on track to break even by 2019. “The expectation is towards the end of 2019,” he said.
Reyes also said the network expects to generate additional revenues with the launch the Road to the Nationals, a search for e-sports professional athletes in the country
“It’s going to be a valuable content for the Media Quest group. For TV5, for Cignal, for ESPN5, that’s going to be valuable content for us that will be attractive to different demographics, a younger audience, a digital audience, that is very different from the traditional television audience,” he said.
