In 2011, EQT Greater China II acquired Gala TV.
Gala TV operates four cable TV channels in Taiwan offering a mixture of in-house produced, commissioned and acquired content. GTV-Drama is the prime drama channel in Taiwan while GTV-One and GTV-Variety are among the leaders in the variety genre.
Gala TV was established in 1997 and has over the years produced and accumulated a library of many popular Chinese-language TV programs. During EQT’s ownership period, EQT has appointed an industrial Board of Directors with media experts to support the Company in further developing its content production capability.
In 2014, EQT Greater China II sold Gala TV to Yung-tsai Investment Co., Ltd.
Key events during EQT's ownership
- Entered into joint venture onshore drama production in Mainland China with four productions in 2012, after Gala TV's maiden Mainland China drama was rated as one of the most popular dramas in 2011
- “In Time With You”, a GTV produced idol drama, received 7 Taiwan Golden Bell Awards
- The National Communications Commission (“NCC”) announced an initiative to fully digitalize Cable TV by 2014