GMA Network Set to Diversify Business Via New Subsidiary GMA Ventures, Inc
July 18, 2021 at 08:53 pm
Share
GMA Network set to diversify business via new subsidiary GMA Ventures, Inc. As the country recovers from the impact of the pandemic, GMA Network aims to increase its contribution in rebuilding economy by expanding its investments and developing more businesses that provide long term growth. To streamline GMA Group's investment and diversification efforts, GMA is setting up GMA Ventures, Inc. (GVI), a holding company that is 100% owned by GMA, aimed at transforming the GMA Group into being one of the country's big conglomerates. To tap new markets and revenue streams, GVI will lead the GMA Group in identifying, investing in, and/or building strong and sustainable businesses. As a champion for innovative business models, GVI will focus on sunrise industries such as tech start-ups with substantial growth horizons and industries that continue to expand. Aiming to be at the forefront of technology advancement and the growth of the digital economy, it will likewise engage in mergers and acquisitions, strategic partnerships, and fund investments, within or outside the Philippines.
GMA Network, Inc. is a Philippines-based media broadcasting company primarily involved in the business of radio and television broadcasting. The Company is also involved in film production and other information and entertainment-related businesses. Its segments include Television and Radio, International Subscription and Other businesses. The Television and Radio segment is engaged in television and radio broadcasting activities. The International Subscription segment is engaged in subscription arrangements with international cable companies. Its Other businesses segment includes movie production, consumer products and other services. Its subsidiaries include Alta Productions Group, Inc. (Alta), which operates pre and post-production services; GMA Network Films, Inc, which is engaged in film production; GMA New Media, Inc., which is engaged in converging technology, and RGMA Marketing and Productions, Inc., which is engaged in music recording, publishing and video distribution.
GMA NETWORK, INC. 
