| By Author | August 1, 2024 7:46 AM ET
Veteran media and technology entrepreneur Michael Gerrity announced this week that Miami will be the future headquarters of his new global real estate information services company startup in 2025 -- WORLD PROPERTY MEDIA.
WORLD PROPERTY MEDIA is the parent holding company for a portfolio of three globally emerging real estate information platforms (news, streaming and market signals intelligence services) for the large, yet highly fragmented $300 trillion addressable worldwide property marketplace.
One of these platforms is WORLD PROPERTY CHANNEL TV (aka WPC TV), slated to launch in late 2025 in Miami.
WPC TV will produce daily real estate news programming, including comprehensive market wrap-up reports on a global scale. Additionally, WPC TV will produce (and license) related real estate lifestyle, home shopping, investing, DIY and travel programming for its upcoming subscription-based global streaming service.
"Miami is the perfect location to build and launch our direct-to-consumer real estate streaming platform," Gerrity says. "Its vast international real estate market activities and global audience appeal align perfectly with our future international real estate news and lifestyle video programming. With the massive growth and success of Netflix, Amazon Prime, and Disney+ over the past few years, the time is ripe for a dedicated niche video streaming platform for the global real estate industry. Given the scale and potential of the global real estate market, we believe WPC TV could become Miami's next unicorn tech company, attracting millions of monthly subscribers to our streaming service."
Other subsidiary business units include THE WORLD PROPERTY JOURNAL, a digital newspaper operational since 2014, and PROPERTY SIGNALS (aka PROPSIG), an enterprise caliber subscription-based global real estate data, news and markets' signals intelligence platform specifically designed for real estate professionals worldwide, launching in 2026.
Gerrity concluded, "With respect to WORLD PROPERTY MEDIA's emerging global ecosystem of real estate information platforms, we see a huge market opportunity here to effectively build the future 'BLOOMBERG of real estate' caliber company. Besides, I've been a big fan of Michael Bloomberg's business successes for decades, he changed the global financial industry in so many positive ways. So, it will be both an honor and a big challenge to follow in his footsteps -- but for the global property industry."