All’s well that ends well
MANILA, Philippines - On the verge of divorce just a few days ago, Manny Pacquiao and Solar Entertainment are back in each other’s arms.
Last Wednesday, Pacquiao announced from his Los Angeles apartment his decision to rescind his contract with Solar and change media partners to ABS-CBN. The day before, Solar signed a block-time agreement to air Pacquiao’s May 2 fight against Ricky Hatton in Las Vegas on the GMA network. And the day before that, Pacquiao received P15 million from Solar, representing 25 percent of his P60 million fee for the exclusive Philippine TV rights to his fight.
Pacquiao made the switch despite a live contract with Solar up to 2011.
Three weeks ago, Solar chairman William Tieng met ABS-CBN chairman Gabby Lopez at Pacquiao’s request to explore the possibility of working together in airing the coming fight. They ended the meeting without coming to terms, leading Solar to eventually sign up with GMA.
