But their nightmare has just began as House leaders, who killed their franchise, are now urging the National Telecommunications Commission (NTC) to slap a gargantuan fine on the Lopezes for their illegal sale of TV Plus boxes.
Sagip party-list Rep. Rodante Marcoleta said: “Ang multa na sisingilin sa ABS-CBN ay P1.97 trillion or half of the national budget.Kinukwenta ko sa 5 million black boxes times P200 per day (fine). Eh 365 days per year, nakapagbenta sila sa five years, four months. Kaya ang kwenta ko P1.97 trillion pesos.”
The amount, however, could nearly double as ABS-CBN declared that it has sold nine million TV Plus units as of February 2020.
When asked if the Lopezes could not pony up the massive fine, Marcoleta said: “Ipunin natin lahat ng pagaari nila sa Pilipinas, marami pa naman siguro iyun. Iaattach natin lahat ng pagaari nila.”
The Lopezes also have vast interests in power generation and property development.
In the committee report on recommending the rejection of ABS-CBN’s franchise bid, House leaders said ABS-CBN violated its franchise commitments when it sold TV Plus boxes beyond the demonstration period from February to June 2015 granted by NTC; and encrypt its digital channel 43 for the sale of TV Plus and pay per view channels without NTC approval.