Here is the official statement from the Kapamilya network:
After two years of being a morning kapamilya favorite, “It’s Showtime” will be ABS-CBN’s newest noontime program effective Monday, February 6, 2012.
The new show will be hosted by Vhong Navarro, Anne Curtis, Billy Crawford, Karylle, ‘Kuya’ Kim Atienza, Teddy Corpuz, Jugs Jugueta and Vice Ganda, whose camaraderie, spontaneity, talents, and shared sense of humor have brought joy to kapamilyas. Joining them in “It’s Showtime” are dance master Jhong Hilario, and favorite “ex hurados” Ryan Bang, and Coleen Garcia.
Together, they will be bringing a new and more exciting show filled with surprises and engaging segments that will make viewers experience MORE FUN IN SHOWTIME.
ABS-CBN thanks the “madlang people, ” here in the Philippines and in The Filipino Channel (TFC) markets worldwide, for being with Showtime and its hosts in their journey of bringing joy and hope every morning the past two years. ABS-CBN invites the viewers to continue their unwavering support for Showtime as it moves to noontime, from Monday to Saturday starting February 6.
—Bong Osorio, Head of ABS-CBN Corporate Communications
So beginning next Monday, February 6, “It’s Showtime” will go head to head against GMA-7’s longest-running noontime show “Eat Bulaga!”