GMA sees income boom this year
19 May 2022
This report handout image suggests GMA Network Center, one of the homes on the broadcast large’ s Quezon City complex.
GMA Network Inc. is asking at sustained profitability this year, with the printed large now no longer looking ahead to come upon any bumps in the street with the brand new management below the management of presumptive president Ferdinand “Bongbong” Marcos Jr. GMA chairman and CEO Felipe Gozon stated the GMA sees income projecting an internet profits after tax of P8.2 billion this year, 8.3 percentage better than remaining year’s internet profits of P7.57 seven billion.
He stated the organization has earmarked approximately P2 billion in capital prices for 2022. “We are constructive that income publish election heading into economic yr 2023 may be on course as projected,” Gozon stated for the duration of the organization’s annual stockholders’ assembly yesterday.
Asked approximately the organization’s possibilities below a Marcos management, Gozon stated GMA does now no longer count on to come upon prison troubles with the brand new management for the reason that it’s miles compliant with the necessities of its Congressional franchise and different relevant laws.
“We haven’t any motive to accept as true with that our courting with the brand new authorities will now no longer be friendly, harmonious, and proper,” he stated.
Under the Duterte management, the franchise of GMA’s rival ABS-CBN Corp. become now no longer renewed through lawmakers, main to the shutdown of its radio and tv stations in mid-2020.
With the absence of ABS-CBN, Gozon brushed off claims that GMA is a monopoly, pronouncing that there are different several broadcasting TV and radio stations running in opposition with the network.
“True it’s miles that GMA and GTV are the numbers one and broadcasting stations in phrases of scores and revenues. But this is due to the fact GMA is airing packages that the visitors like to look at greater than the packages aired through its competition and also you know, the advertiser’s vicinity their commercials in packages that fee better than different packages, GMA sees income boom this year.” he stated.
As a long way as GMA’s current collaboration with ABS-CBN goes, Gozon stated the organization is open to getting into greater partnerships with the Lopez-owned organization. “After we’ve got damaged the ice, the door is now open for different partnerships with ABS-CBN to be able to be together useful to each of us,” he stated.
GMA and ABS-CBN remaining month entered right into an anciently partnership deal, signing a settlement to license a number of Star Cinema’s maximum famous and well-cherished films to air in GMA.
“We are presently in talks with ABS-CBN for some other sparkling batch of films for acquisition. We are awaiting the to be had film listing from them for our team’s assessment and consideration,” Gozon stated.
