GMA Network has created a new holding company called GMA Ventures Inc. (GVI) with the aim of expanding its investments and developing more businesses offering long-term growth.
In a statement, GMA said the new holding company would streamline GMA Group’s investment and diversification efforts and help transform the network into “one of the country’s major conglomerates.”
To tap new markets and revenue sources, GVI will lead the GMA Group in identifying, investing and building strong and sustainable businesses.
“As a champion of innovative business models, GVI will focus on emerging industries such as technology start-ups with substantial growth horizons and industries that continue to expand,” said GMA.
Aiming to be at the forefront of technological advancements and the growth of the digital economy, she will also engage in mergers and acquisitions, strategic partnerships and fund investments, inside or outside the Philippines. .
“After the successful deployment of our digital TV products and a banner year in 2020, we plan to surpass our own achievements, not just in terms of our core media and content production business,” said Felipe L, President- Managing Director of GMA and GVI. Gozon.
He added that “We are actively looking for ways to diversify the Company’s portfolio by investing in sustainable businesses and ultimately delivering the best returns to our shareholders in the years to come. “
Gilberto R. Duavit, Jr., President of GMA and Vice President of GVI, said, “GMA Ventures will be our arm to identify other viable sources of income and future profit pools. ”
“Our goal now is to make GMA one of the main conglomerates in the Philippines. We are taking this important step to sustain the network, defend innovative industries and business models, and be at the forefront of technological advancements and the growth of the digital economy, ”said GVI President and Chief Operating Officer , Regie C. Bautista.
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