Kroma Entertainment, commonly known as Kroma (stylized in uppercase), is a Philippine media and entertainment company engaging in film and television, digital content management and other media-related businesses. It is financially backed by

Globe Telecom Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks ...

through 917Ventures's Retirement Fund agency.

History

Kroma was launched by the Globe Telecom Group in 2016 as Sphere Entertainment, as the latter continued its expansion of new ventures outside telecommunications. Sphere established film/TV production outlet

Globe Studios Anima (stylized in uppercase), formerly known as Globe Studios, is a Filipino entertainment production company. It focuses on co-producing film, television and online series content. Anima is owned by Kroma Entertainment (formerly Sphere Ente ...

and live concert/event management Globe Live. It also partnered with domestic and international media companies and brands like

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NBA League Pass NBA League Pass is the National Basketball Association's direct-to-consumer subscription-based product that gives basketball fans access to NBA games, live and on-demand, for the entire NBA season. League Pass is available to viewers in the Un ...

Disney The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was originally founded on October ...

Netflix Netflix, Inc. is an American subscription video on-demand over-the-top streaming service and production company based in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California, it offers a fil ...

and

Astro Astro may refer to: Entertainment and media * Astro (South Korean band), a South Korean boy band * Astro (UB40) (1957–2021), member of the British reggae band UB40 * Astro (Chilean band), a Chilean indie rock band * Astro (Japanese band), ...

to provide content distribution and consumer services to Globe subscribers. In July 2020, Globe and Sphere formed a partnership with U.S.-based music label

88rising 88rising (stylized as 88⬆), formerly known as CXSHXNLY (pronounced “cash only”), is an American music company that founder Sean Miyashiro describes as a "hybrid management, record label, video production, and marketing company". The compa ...

to launch the localized label Paradise Rising. In November 2020, Globe and Sphere also partnered with filmmakers

Erik Matti Erik Matti (born December 21, 1970) is a Filipino filmmaker. He is known for directing '' On the Job'' (2013), ''Honor Thy Father'' (2015), ''Seklusyon'' (2016), ''BuyBust'' (2018), and '' On the Job: The Missing 8'' (2021). Matti co-founded ...

and Dondon Monteverde to launch

Upstream PH Upstream PH (stylized as UPSTREAM.ph) is a Philippine over-the-top content platform. It is founded by Filipino filmmakers and Reality Entertainment co-owners Erik Matti and Dondon Monteverde. The service provides movies, webseries, concerts an ...

, a subscription video-on-demand and streaming service. It became the official provider of the

2020 Metro Manila Film Festival The 2020 Metro Manila Film Festival (MMFF) is the 46th edition of the annual Metro Manila Film Festival. It is organized by the Metropolitan Manila Development Authority (MMDA). It is the first edition of the festival to be held online due to the ...

. In 2022, Sphere was renamed as Kroma Entertainment, while its flagship brands Globe Studios and Globe Live were renamed into Anima and LiveMNL respectively. On April 6, 2022, Kroma was formally launched under its "tradigital" platform (traditional and digital media) with new additional brands engaged in publishing, talent management, production and B2B services. It was also announced by Kroma that it formed a joint-venture with

ABS-CBN Corporation ABS-CBN Corporation is a Filipino media company based in Quezon City, Metro Manila, Philippines. It is the largest entertainment and media conglomerate in the Philippines. It is a subsidiary of Lopez Holdings Corporation which is owned by t ...

and 917Ventures for Pinoy Interactive Entertainment (PIE), a new multi-platform channel aired on May 2022 via

BEAM TV Broadcast Enterprises and Affiliated Media, Inc. (BEAM) is a telecommunications company in the Philippines with primary focus on UHF broadcasting and digital terrestrial television for the convergence of multimedia. It is owned by Bethlehem Ho ...

's digital broadcast.

Ownership

917Ventures, a corporate venture investment and retirement pension firm that owns Globe's consumer and e-commerce platforms, financially invests the company through its Philippine Depository Receipts. Globe Telecom does not directly own any media property as the current

1987 Constitution The Constitution of the Philippines (Filipino: ''Saligang Batas ng Pilipinas'' or ''Konstitusyon ng Pilipinas'', Spanish: ''Constitución de la República de Filipinas'') is the constitution or the supreme law of the Republic of the Philippines ...

states that media companies should be 100% owned by Filipinos and the company's major shareholder is

Singtel Singapore Telecommunications Limited, commonly known as Singtel, is a Singaporean telecommunications conglomerate and one of the four major telcos operating in the country. The company is the largest mobile network operator in Singapore with ...

Assets and brands

Anima Anima may refer to: Animation * Ánima (company), a Mexican animation studio founded in 2002 * Córdoba International Animation Festival – ANIMA, in Argentina Religion and philosophy * Animism, the belief that objects, places, and creatures ...

(formerly Globe Studios) - film, television and podcast production * LiveMNL (formerly Globe Live) - events management * NYMA - artist/talent agency * Paradise Rising - local music label (in partnership with 88rising) *

PIE A pie is a baked dish which is usually made of a pastry dough casing that contains a filling of various sweet or savoury ingredients. Sweet pies may be filled with fruit (as in an apple pie), nuts ( pecan pie), brown sugar ( sugar pie), swe ...

(Pinoy Interactive Entertainment) - a digital interactive channel/platform (in partnership with

and

ABS-CBN ABS-CBN (an initialism of its two predecessors' names, Alto Broadcasting System and Chronicle Broadcasting Network) is a Television in the Philippines, Philippine Commercial broadcasting, commercial broadcast broadcast network, network tha ...

) * Secret Menu - production house *

- streaming and subscription video-on-demand (SVOD) service

References

Mass media companies established in 2016 Entertainment companies established in 2016 Globe Telecom subsidiaries Companies based in Mandaluyong {{Philippines-stub