PAYMENT TRANSFERS
Permits for Television Exhibition (PTE) and the subsequent transfer or
diversion of payments made for the canceled program to other programs
presented by the station or producer concerned. In some instances, these
transfer of payments already made are intended for materials that have
not even been reviewed by the Board.
While the Board recognizes that present industry practices often
result in programming schedule changes, present procedures need to be
rationalized to ensure that the provisions of Presidential Decree No.
1986 and its implementing Rules and Regulations are complied with fairly
and judiciously.
IN VIEW OF THIS, only payments made for Pay-Before-Broadcast (PBB)
programs/episodes can be subject to payment transfers or payment
diversions, and only for future episodes of the said program. If the
program/episodes covered by the payments are not aired or exhibited, and
the PTE’s for the same are not extended or renewed, the payments made
for the review of the material and the issuance of a PTE shall be
considered forfeited.
This Memorandum Circular shall take effect on 07 February 2000.
Adopted: 21 Jan. 2000
(SGD.) ARMIDA P.E. SIGUION REYNA
Chairman