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The meaning of «gmmtv»

GMMTV (Thai: จีเอ็มเอ็มทีวี RTGS: Chi Em Em Thiwi), formerly called Grammy Television, is a television production and talent agent subsidiary to the Thai entertainment conglomerate GMM Grammy which produces television shows, songs, and music videos. It was founded on August 3, 1995. Sataporn Panichraksapong is the managing director of the company.

GMMTV Company Limited (Thai: บริษัท จีเอ็มทีวี จำกัด), formerly known as Grammy Television Company Limited (Thai: บริษัท แกรมมี่ เทเลวิชั่น จำกัด), was founded on August 3, 1995[1] by the GMM Grammy executives who saw the potential in developing, growing and strengthening the Thai television industry. The marketing department of the company was created into a separate entity to manage the television production industry. GMMTV started to produce TV game shows and music shows for analogue TV stations in Thailand at that time, namely, Channel 3, Channel 5, Channel 7, and iTV, with Duangjai Lorlertwit and Saithip Montrikul na Ayudhaya as the managing directors, respectively.[2][3]

In 2007, Saithip Montrikul na Ayudhaya left the company to manage GMM Media Public Co., Ltd.[4] As a result, Sataporn Panichraksapong, who was then the deputy managing director, became the new managing director[5] and renamed the company into GMMTV Company Limited.

On February 2, 2009, the company started running a cable and satellite television channel named Bang Channel by moving some of the TV shows which were aired on Channel 5 to its own channel, and began to produce different television programs in other genres aside from game shows and music shows. On June 29, 2011, GMMTV had set up a joint venture with Rungtham Pumseenil to establish Memiti Co., Ltd. to expand and innovate the Thai television industry with 70% of shares held by GMMTV, and 30% held by Rungtham. Consequently, Memiti became a subsidiary of GMMTV.[6]

Due to the business restructuring of GMM Grammy, on June 24, 2015, GMM Grammy's board of directors has passed the resolution to dispose the total 70% shares held by GMMTV in Memiti to The One Enterprise or One 31 channel business group as a new shareholder affecting Memiti to become a subsidiary of The One Enterprise accordingly.[7] On December 5 the same year, GMMTV's board of directors resolved to close its cable and satellite television channel and instead focus on television production for One31 and GMM 25 which are digital channels. As a result, Bang Channel stopped broadcasting from December 31, 2015, onwards.[8]

On August 24, 2017, after Adelfos Co., Ltd, a subsidiary of TCC Group (Thailand) has subscribed for the newly issued ordinary shares in GMM Channel Trading Co., Ltd., GMM Grammy has restructured its business to be in line with the share subscription agreement by passing a resolution to transfer all of its shares held in GMMTV to GMMCH (GMM Channel Holding Co., Ltd., formerly GMM Channel Trading Co., Ltd.) or the business group of GMM 25 as the new shareholder.[9][10]

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