Philippines-based media group GMA Network has formed a corporate venturing unit dubbed GMA Ventures.
GMA Ventures will operate as a holding company owned by GMA to invest in technology startups in addition to participating in mergers and acquisitions and launching strategic partnerships. It will invest domestically and internationally.
Felipe Gozon, GMA’s Network chairman and CEO, is heading GMA Ventures and said: “Following the successful roll-out of our digital TV products and a banner year in 2020, we are looking at surpassing our own achievements not just in terms of our main media business and content production.
“We are actively looking for ways to diversify the company’s portfolio by investing in sustainable businesses and, ultimately, providing the best returns to our shareholders in the years to come.”
Regie Bautista is GMA Ventures’ president and chief operating officer, having already been GMA Network’s senior vice-president for corporate strategic planning and business development, chief risk officer and head of programme support.
Photo of Regie Bautista courtesy of LinkedIn.
