GMA Network Inc. is forming a 50:50 joint venture with Viva Records Corp. to focus on music production, marketing, distribution, artist management, and publishing, with operations expected to start in 2026.
The venture will have an initial paid-in capital of P2 million and a board equally composed of three directors from each company, with shared leadership roles.
GMA said the collaboration aims to consolidate resources and enhance its capabilities in the music industry both domestically and internationally.
The network expects the joint venture to positively impact its medium- to long-term performance by leveraging Viva’s expertise, talent, and resources.
This move aligns with GMA’s broader strategy to explore new revenue streams beyond traditional TV and online content following last year’s revenue challenges.
Source: PhilNews24 | October 26, 2025
GMA PARTNERS WITH VIVA TO LAUNCH NEW MUSIC PRODUCTION COMPANY
Latest from Business
The European Union expects higher investment flows to the Philippines once a free trade agreement (FTA)
The partnership between the Philippine National Police Anti-Cybercrime Group and GCash has been strengthened with the
The Department of Energy announced a major fuel price rollback, with diesel and kerosene dropping by
Meralco clarified that the “additional” charges appearing on electricity bills are not company-imposed fees but government-mandated
A report by global recruitment specialist Robert Walters found that at least half of Filipino Gen