GMA Network files a nearly P38-million estafa complaint against the Romeo Jalosjos-led production company TAPE. TAPE allegedly failed to remit around P37.9-million in advertising revenues collected from clients.
Full story: https://www.rappler.com/business/gma-network-files-estafa-complaint-romeo-jalosjos-tape-eat-bulaga/
Full story: https://www.rappler.com/business/gma-network-files-estafa-complaint-romeo-jalosjos-tape-eat-bulaga/
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00:01GMA Network filed a nearly P$38 million Estafa complaint against the Romeo Halos-host-led
00:06production company, Tape.
00:08Tape allegedly failed to remit around P$37.9 million in advertising revenues collected
00:13from clients, which were contractually assigned to GMA Network under a 2023 assignment agreement.
00:19GMA adds, despite multiple formal demands, the funds were not transferred to GMA because
00:24they were instead used for Tape's operational expenses, in violation of the trust arrangement
00:29outlined in the agreement.
00:31Tape was the producer of the Philippines' longest-running noon show, Eat Bulaga, which started in 1979
00:36and aired for the longest time on Channel 7.
00:39But the Halos-host family had a bitter falling out with the show's creators, Tito Soto, Vic
00:43Soto, and Joey De Leon, on how to run the show, which prompted the trio to leave Tape in May
00:482023.