Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

GMA to expand regional  footprint, to launch  Palawan station in 2023

GMA Network, Inc. is set to expand its regional footprint with a new station in Palawan this year after opening one in Ilocos Norte two months ago, its top official said.

“In 2023, GMA Regional TV launched GMA Ilocos Norte and is now working on GMA Palawan,” GMA Chairman and Chief Executive Officer Felipe L. Gozon said during the company’s virtual annual stockholders meeting on Wednesday.

GMA Ilocos Norte is the network’s 12th regional station n the Philippines. It was launched on March 17.

Last year, the network launched three originating stations: GMA Batangas, GMA General Santos, and GMA Zamboanga.

Meanwhile, Mr. Gozon said that the company will continue to pursue partnerships with various entities.

“We are now in an era of partnerships and this has led our expansion to new genres and diversified our revenue streams,” he said.

“These collaborations aim to expand the distribution of GMA Pinoy TV, GMA Life TV, and GMA News TV in various territories, into new content platforms,” he said, adding that the company has also reached “underserved demographic segments, like the Pinoy seafarer community.”

GMA has recently closed deals with ABS-CBN’s iWant TFC, Jungo Pinoy, and Now E of PCCW Hong Kong, said Mr. Gozon.

“Our GMA international department is also diversifying its revenue streams to complement traditional subscription revenues by further strengthening its concert and event production, content partnerships, and digital monetization efforts,” he added.

In the first quarter, the company suffered a 71.5% decline in attributable net income to P603.57 million from P2.12 billion a year ago due to lower revenues from advertisements.

GMA booked 31.5% lower revenues to P4.02 billion in the first three months of 2023 from P5.86 billion in the same period in 2022.

Revenues from advertisements went down to P3.7 billion, down 71.5% from P5.53 billion previously.

On Wednesday, shares in the company climbed 32 centavos or 3.46% to P9.57 each. — Justine Irish DP. Tabile

You May Also Like

Editor's Pick

THE BOARD of directors of Ayala-led ACEN Corp. has approved the availing of credit facilities amounting to about P7.8 billion from two financial institutions....

Editor's Pick

STOCK PHOTO Image by StockSnap from Pixabay HYDERABAD – When Saloni Singh was little, she would beg then brawl with her brother for a turn on...

Editor's Pick

MPIC Metro Pacific Investments Corp. (MPIC) reported on Wednesday a consolidated core net income of P4.3 billion in the first quarter, up 38% from...

Editor's Pick

HOLCIM PHILIPPINES FACEBOOK PAGE LOCAL cement manufacturer Holcim Philippines, Inc. has partnered with South Korean cement and concrete producer Sungshin Cement Co. Ltd. to...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.