This paper proposes a new generalized minimumvariance controller (GMVC) having new design parameters by using coprime factorization approach for multiinput multi-output (MIMO) case. The method is directly extended from a conventional GMVC and to construct the controller, it needs to solve only one Diophantine equation as in the conventional method. In this paper, by using double-coprime factorization, a simple formula for closed-loop system given by the parametrized controller is obtained and using the formula, it is proved that the closed-loop characteristic from reference signal to plant output is independent of the selection of the design parameters and the poles of the controller can be chosen by the design parameters without changing the closed-loop system.