Residential News » Miami Edition | By WPJ Staff | October 22, 2024 7:01 AM ET
WORLD PROPERTY CHANNEL TV (WPC TV), an emerging global real estate news streaming subscription service, announced this week it has begun platform construction and is scheduled to launch in late 2025.
Once launched, this real estate-focused streaming platform will produce 6 to 8 hours of daily 'broadcast-caliber' real estate news programming, providing in-depth market coverage across various property sectors worldwide in a video-on-demand format. WPC TV will also feature multiple daily interviews with a wide array of experts, including analysts, economists, CEOs, politicians and industry thought leaders.
In addition to daily global real estate news coverage, WPC TV will offer a vast library of lifestyle real estate video content that includes luxury, aspirational, vacation, travel, home improvement, home design, educational and documentary programming.
Headquartered in Miami, with additional news offices opening in 2025 in Los Angeles and New York City, WPC TV will operate as a subsidiary business unit of WORLD PROPERTY MEDIA, also the parent company to sister news company THE WORLD PROPERTY JOURNAL.
According to company founder Michael Gerrity, Miami's thriving international real estate market and global media reach make it the ideal location for launching this platform. He noted, "Miami is the perfect city for our global real estate streaming service, given its strong international real estate ties, and broad global audience and brand appeal, which aligns with our vision."
Gerrity also cited the popularity of major streaming platforms like Netflix, Amazon Prime, HBO Max, Paramount+, Discovery+, and Disney+ as a sign that the market is primed for a specialized platform centered on global real estate. He envisions WPC TV becoming Miami's next unicorn tech company in the coming years, attracting tens of millions of paid subscribers worldwide over the coming decade.
WORLD PROPERTY MEDIA is preparing to start a $200 million private funding round, and plans to begin construction on a 20,000-square-foot global broadcast news center in Miami by mid-2025. Gerrity added, "We aspire for WPC TV to become the future 'CNBC of Real Estate', but entirely delivered over the web, not cable."
WORLD PROPERTY MEDIA is a division of World Property Ventures, a global real estate technology and investment firm.