On Wednesday, KidZania Manila, an indoor family entertainment center in Bonifacio Global City which is operated by ABS-CBN Corp. subsidiary Play Innovations Inc. announced its closure effective on August 31, 2020. They have been operating for five years.
ABS-CBN noted its losses due to the current coronavirus pandemic. It stated that,
“With the COVID-19 pandemic and ensuing community quarantine, we have complied and suspended operations to prevent the further spread of the virus, which resulted to a massive impact on our revenues,”
“Even we are allowed to operate in the future, the ‘new normal’ will prohibit mass gathering and require children to remain at home. These conditions have left us with no choice but to close the play city’s doors permanently,”
According to Trade Secretary Ramon Lopez, because of the implemented lockdown by the government, there are over 525,000 or 52.66% of MSMEs in the country that had to stop operations. Highly impacted ones are amusement parks, bars, pubs, and restaurants.
Earlier this month, ABS-CBN franchise renewal was denied with a vote of 70-11. Most members of the congress followed the TWG’s suggestion to deny the franchise.
“Our hearts go out to our employees. We are doing everything we can to aid them at this time of uncertainty, including paying out severance benefits as mandated by law and providing job placement programs for them. We appreciate all their hard work,”
“We are also grateful to our industry partners and the schools and families who have trusted us over the years,”
“Lastly, we salute our Kals—the Generation KidZania—who have spent time with us with unrelenting passion and spirit, which we hope they will keep alive as they face the future and build a better world.”, – ABS CBN
There are times that we wished we were still a kid to enjoy the little things, but sometimes things need to end to open another door of opportunity.