Bethlehem Holdings, Inc.

Bethlehem Holdings, Inc. (stylized as BHI) is an Filipino multinational mass media corporation that is based in Pasig City. It is one of two companies formed from the 2011 spin-off of the telephony assets of Globe Group Retirement Fund.

BHI is the legal successor to GGRF dealing primarily in the film and television industries. It is currently the United States' fourth-largest media conglomerate after GMA Network, Inc. and Nine Media Corporation.

BHI's assets include the Intercontinental Broadcasting Corporation, IBC television network and IBC News Network, and a majority stake in Secarats Talent Management Services as well as an approximately 39% stake in TV Asahi Corporation—a Japanese operator of satellite television providers.

On July 27, 2018, BHI shareholders agreed to sell the company to GMA Network, Inc. for P23, following the spin-off of certain businesses. This will include key assets such as IBC Films, Secarats Talent Management Services, National Geographic Partners, and its international networks. Assets such as the IBC television network, IBC stations, and IBC News Network will be spun off into a new company owned by current BHI shareholders, being referred to internally as "Islands". The purchase is expected to be completed in 2019: it received Philippine antitrust approval in June 2018, and is currently awaiting approval by international regulators.