Age, Biography and Wiki

Gilberto Duavit Jr. (Gilberto Roy Duavit Jr.) was born on 16 October, 1963 in Manila, Philippines, is a COO of GMA Network. Discover Gilberto Duavit Jr.'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 60 years old?

Popular As Gilberto Roy Duavit Jr.
Occupation Businessman,philanthropist,film and television producer,television writer
Age 60 years old
Zodiac Sign Libra
Born 16 October, 1963
Birthday 16 October
Birthplace Manila, Philippines
Nationality Philippines

We recommend you to check the complete list of Famous People born on 16 October. He is a member of famous with the age 60 years old group. He one of the Richest who was born in Philippines.

Gilberto Duavit Jr. Height, Weight & Measurements

At 60 years old, Gilberto Duavit Jr. height not available right now. We will update Gilberto Duavit Jr.'s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Gilberto Duavit Jr.'s Wife?

His wife is Rosanna Lopez (m. 1994)

Family
Parents Not Available
Wife Rosanna Lopez (m. 1994)
Sibling Not Available
Children 2

Gilberto Duavit Jr. Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Gilberto Duavit Jr. worth at the age of 60 years old? Gilberto Duavit Jr.’s income source is mostly from being a successful . He is from Philippines. We have estimated Gilberto Duavit Jr.'s net worth , money, salary, income, and assets.

Net worth US$191 million (2007)
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income

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Timeline

2019

In January 2019, it was reported that 88.4 percent of GMA's sales in 2018 were sourced from advertising. As such, GMA fell behind its main competitor in the media industry, ABS-CBN, which generated a total of ₱29.5 billion that year. ABS-CBN had extended its revenue model to other business segments that counterbalanced decreasing advertising revenues, resulting in a large percentage of ABS-CBN's revenue to be attributed to its involvement in the customer experience sector. GMA generated a total revenue of ₱11.1 billion , which was ₱11.4 billion behind ABS-CBN. In response, Duavit and other GMA executives partnered with Pangilinan's PLDT to shift to digital broadcasting. On January 9, GMA and PLDT executives signed a "technology, content, and distribution" agreement for PLDT to assist in the enhancement and innovation of the media network's digital transition.

According to the general information sheet the GMA Network submitted to the Philippine Stock Exchange in 2019, Duavit owns 0.08 percent of the total 4,007,017 shares that the network listed. His shareholdings comprise 4,007,006 common stocks and 12 preferred stocks. The network listed 12.5 billion authorized capital stocks, which is divided into 5 billion common stocks with par value of ₱1 each and 7.5 billion preferred stocks with par value of ₱0.20 each.

2016

In July 2016, Duavit's father, Gilberto Duavit Sr., was elected to the board of directors of the GMA Network, serving alongside him. The senior Duavit served as member until his death in December 2018.

2015

In August 2015, San Miguel Corporation CEO Ramon S. Ang alleged that GMA executives embezzled his corporation's ₱1 billion down payment for its acquisition of 34 percent of the network's stakes that failed. While Ang filed charges against Gozon and several other GMA executives for syndicated estafa, Duavit was excluded from the charges as he pledged to return his portion of the ₱1 billion .

2013

In March 2013, Duavit announced that the GMA Network would depend on internal financing for its estimated ₱1 billion capital expenditure program for the year as per tradition, dispelling appeals that the network should utilize external financing such as fundraisers to source its program. He stated that the network would utilize its program mainly for the establishment of additional stations in rural areas "where close to half of all television viewers reside." He also added that over ₱100 million of the program would be used to fund equipment for the network's coverage of the 2013 Philippine general election.

2012

In February 2012, Duavit led the signing of the network's three-year deal with Fox International Channels. The deal allowed Fox cable channels in the Asia Pacific to air GMA media across the region. GMA media that Fox has re-aired since the deal was signed include the shows Wish Ko Lang! (2002–2020), Pinoy Abroad (2005–06), Encantadia (2005–06), Pinoy Meets World (2006–2009), Super Twins (2007), Babangon Ako't Dudurugin Kita (2008), Dyesebel (2008), Darna (2009–10), Stairway to Heaven (2009), Kaya Kong Abutin ang Langit (2009), and Trudis Liit (2010); and the films José Rizal (1998), My Best Friend's Girlfriend (2008), When I Met U (2009), Yaya and Angelina: The Spoiled Brat Movie (2009), and Temptation Island (2011).

In February 2012, amid reports that business tycoon and TV5 Network chairman Manuel V. Pangilinan had announced a possible merger deal between the two networks, Duavit initially stated that the GMA Network would not be offered to any party with interest in acquiring it. However, he later clarified that the network is sellable but only if the offer price would interest the network's shareholders. He also disclosed that, in 2001, GMA and TV5 (then the Associated Broadcasting Company) had reached a memorandum of understanding for the latter to acquire the former, with a price and sale of the majority having already been reached. However, the agreement was never finalized because of issues encountered by MediaQuest Holdings, the parent company of TV5.

In April 2012, Duavit reported that the network had reached a consolidated revenue of ₱13.083 billion in 2011, despite the loss of ₱2.054 worth of revenues from campaign advertising for the 2010 Philippine general election, the European debt crisis, and the "slow" economic recovery of the U.S. from the Great Recession. He described the network's performance as "fairly competitive", noting a "significant, single-digit increase" in the first quarter of that year than the previous year.

Through his mother's side, he is cousins with singer Kevin Roy, lead singer of the rock band Razorback, as well as the late Karl Roy, lead singer of the bands P.O.T. and Kapatid, who died on March 13, 2012 from pulmonary edema.

2011

Under Duavit's presidency, the network produced the country's first historical drama series, Amaya (2011–12), set during the pre-colonial period of the Philippines.

2010

In October 2010, Duavit was elected president of the GMA Network by the network's board of directors. Duavit served the role alongside his concurrent role as the company's COO.

Under GMA Network Inc., Duavit also serves as the chairman of GMA Pictures and GMA Worldwide (the network's trans-Pacific broadcaster targeted for Overseas Filipinos); president and CEO of Scenarios Inc. (set production and design), Script2010 Inc. (events management), and RGMA Marketing and Productions Inc. (music production); and president of Citynet Inc. (television production) and MediaMerge Corporation.

2004

In 2004, Duavit created another drama romance series, Hanggang Kailan. Duavit collaborated with writers Jose Javier Reyes and Mark A. Reyes. The series reunited him with Tolentino since Liwanag Ng Hatinggabi and de Leon and Dixson since Ang Iibigin ay Ikaw. It premiered on March 8, 2004 and concluded on August 13, commissioning a total of 95 episodes.

2002

As COO, Duavit continued his work on writing television shows for the network. In 2002, he created the drama romance series Ang Iibigin ay Ikaw, starring Christopher de Leon, Alice Dixson, and Richard Gomez. The series ran for a total of 200 episodes between July 8, 2002 and April 11, 2003. It was commercially successful through its run, resulting in GMA Network producing a sequel series, Ang Iibigin ay Ikaw Pa Rin. It replaced the timeslot of Ang Iibigin ay Ikaw and ran for a total of 93 episodes, concluding on August 22, 2003. Duavit served as producer for the sequel series.

2000

In 2000, Duavit collaborated again with Lamangan for the melodrama film Deathrow; Lamangan directed, while Duavit served as one of the film's producers. The film was shown at the Cairo International Film Festival in Egypt, the Toronto International Film Festival in Canada, and the Busan International Film Festival in South Korea. It was awarded the Prix Du Meilleur Film Engage au Service d’une Cause (Prize for the Best Committed Film Championing a Cause) at the Brussels Independent Film Festival in Belgium for its depiction of capital punishment on juvenile offenders.

On December 31, 2000, Duavit became the network's executive vice president and chief operating officer (COO).

Under Duavit's leadership as COO in the late 2000s, GMA began securing the media franchise of foreign shows in order for the network to adapt Philippine versions. In August 2007, GMA produced Celebrity Duets, which was the Philippine edition of the British reality singing contest Just the Two of Us, through a licensing agreement with FremantleMedia. GMA purchased the rights to the Idol franchise from FremantleMedia to produce Pinoy Idol, which premiered in September. The franchising rights were previously used by the Associated Broadcasting Company (now the TV5 Network) to produce Philippine Idol. The network also produced Philippine versions of telenovelas that year, most popularly Marimar starring Marian Rivera and Dingdong Dantes, which was based on the 1994 Mexican series of the same name. That year, the network also produced Philippine versions of Zaido: Pulis Pangkalawakan (based on the Japanese tokusatsu Space Sheriff Shaider) and the game shows Kakasa Ka Ba sa Grade 5? (based on the American game show Are You Smarter than a 5th Grader?) and Whammy! Push Your Luck (based on the American game show Second Chance).

1999

In 1999, Duavit was elected to the GMA Network's board of directors.

After the success of GMA Films in the late 1990s, Duavit ventured into television production at GMA Network. He conceptualized the horror drama series Liwanag ng Hatinggabi, which premiered on December 6, 1999. Duavit was inspired by the concept of magic realism, a style of fiction often associated with Latin American literature. The series was directed by Joel Lamangan and starred Lorna Tolentino, Angelika Dela Cruz, and Victor Neri in the lead roles. It ran for a total of 17 episodes until March 27, 2000.

1998

Duavit has won the Metro Manila Film Festival Award for Best Picture twice consecutively for José Rizal (1998) and Muro-Ami (1999), as producer of both films.

1995

In 1995, the GMA Network launched Cinemax Studios with Duavit as one of the supervisors. In 1998, Cinemax Studios was renamed to GMA Films in order to avoid confusion with HBO's sister channel Cinemax, which had then recently entered into the Southeast Asian market. Duavit was involved in the production of the studio's first films following the move, Sa Pusod ng Dagat and José Rizal, serving as the two films' producer. Both films were directed by the late Marilou Diaz-Abaya and were critical and commercial successes. José Rizal won all the 17 awards it was nominated for at the 1998 Metro Manila Film Festival, including Best Picture. The following year, Duavit produced another of Diaz-Abaya's films, Muro-Ami. Muro-Ami grossed ₱66,987,181 at the box office and won 13 awards at the 1999 Metro Manila Film Festival, including Best Picture.

1994

Duavit married Rosanna Lopez on November 19, 1994. Lopez is the daughter of former Manila mayor and Philippine Sports Commission chairman Mel Lopez (1935–2017). They currently reside in Quezon City with their twin sons, born in 2001.

1993

Since 1993, Duavit has served as the president and chief executive officer (CEO) of Film Experts Inc., a magnetic storage and optical disc manufacturer based in Makati.

1986

In 2007, the GMA Network announced it would offer its shares to the public from an initial public offering between ₱6.39 billion to ₱7.78 billion . On June 28, the Philippine Stock Exchange approved the network's offering. On July 23, former Ilocos Norte representative Imee Marcos sent a letter to the Securities and Exchange Commission (SEC) contesting her claim of ownership to 28.35 percent of the network's shares held by the Duavit family. The shares were entrusted to Duavit's father, Gilberto Duavit Sr., by Marcos' father, the late former President Ferdinand Marcos, to whom the senior Duavit served as Assistant Executive Secretary for Social, Political, Legal, and Economic Affairs (1966–1970), Acting Executive Secretary (1969), and Senior Deputy Minister of the Ministry of Youth and Sports Development under. The junior Duavit's lawyer responded to Marcos' claims, saying that Duavit acquired the shares "on his own." Imee Marcos, citing a handwritten note given to her from the senior Duavit in 1983, stated that "Duavit did not own the shares but was merely the representative of a 'silent partner.'" Thereafter, GMA counsel Atty. Gener Asuncion stated that the junior Duavit and his family "are the real and actual owners" and "have concrete proof of their ownership" of the network's shares. According to an official statement by the network, its owner in 1986 (when it was then called the Republic Broadcasting System), Loreto Feliciano Stewart (the wife of its co-founder, Robert "Uncle Bob" Stewart), "sought to recover the shares of the Duavits and asked for an injunction to prevent the registration of the shares in their favor but was rejected by the court. Stewart then gave a notice of dismissal of her complaint and the court dismissed it on November 28, 1986." Asuncion also stated that GMA Network would push through with its scheduled release of listed shares on July 30, following the SEC's approval of the network's registration statement and issuance of a "Securities for Sale" permit.

1963

Gilberto "Jimmy" Roy Duavit Jr. (born October 16, 1963) is a Filipino businessman, philanthropist, producer, and writer. He is the president and chief operating officer of GMA Network Inc., one of the largest media networks in the Philippines. Duavit inherited the position from his father, Gilberto "Bibit" Duavit Sr., who served as the founding chairman of the network. Duavit first became involved in the network in 1993 as a film producer for the network's production company, GMA Pictures, which was then named Cinemax Studios and later GMA Films. He produced some of the company's most successful films, including José Rizal (1998) and Muro-Ami (1999), which both won the Metro Manila Film Festival Award for Best Picture successively. After his promotion as the network's vice president in 2000, Duavit became involved in the network's television production, having created the shows Liwanag ng Hatinggabi (1999–2000), Ang Iibigin ay Ikaw (2002–03), and Hanggang Kailan (2004).

Duavit was born on October 16, 1963 as the second eldest child of GMA Network chairman Gilberto Duavit Sr. (1934–2018) and Vilma Roy Duavit, the daughter of former Philippine Senator Jose Roy (1904–1986). His older sister, Judith Duavit Vasquez, previously served as a GMA board member. His youngest brother, Michael John Duavit, currently serves as a Member of the Philippine House of Representatives for Rizal's 1st District, which he has served for five terms since 2001, a position that his father and second youngest brother, Joel Roy Duavit, also served; Duavit Sr. served as congressman from 1994 to 2001, while Joel served the position for two consecutive terms from 2010 to 2016. Duavit graduated from the University of the Philippines Diliman with a Bachelor of Arts degree in philosophy.