GMA Network sets P20B 3-year budget

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    GOZON

    GMA Network Inc. has earmarked over P20 billion for various investments in the next
    three years to improve its services
    nationwide.

    GMA said bulk of the amount is allocated for content production and post-production as well as for the construction of a new building and state-of-the-art studios inside the network’s complex in Quezon City.

    The budget also covers the continuing expansion of its digital terrestrial television (DTT) reach and various projects in the regions to further strengthen GMA’s presence nationwide.
    The network said it is set to unveil early this year its mobile digital TV receiver, GMA Now, which will enable viewers to watch TV on the go for free with bonus interactive features.

    Aside from its programs on the main channel GMA-7 and on GMA News TV, the network also offers viewers a variety of content including blended learning for the Department of Education through its digital channels.

    Despite the global crisis in 2020 due to the coronavirus pandemic, GMA said it was able to
    recover its airtime sales during the second half of the year coupled with the successful launch of its DTT receiver, GMA Affordabox, in June.

    “Surpassing seven decades is no easy feat for our company especially during an exceptionally challenging year in 2020, but we are very proud of what we have achieved so far through our people’s dedication and our commitment to Serbisyong Totoo. We wholeheartedly thank all our Kapuso for their unrelenting support to GMA. Rest assured that your Kapuso Network will continue to provide only the best for our viewers,” Felipe Gozon, GMA chairman and chief executive officer, said in a statement.