Philstar
GMA, Viva to set up music production firm
GMA Network, Inc. and Viva Records Corp. are establishing an equally-owned joint venture company to engage in music production, recording, marketing, promotion, and distribution.
The joint venture, which will also handle artist management and music publishing, is slated to begin operations in 2026.
The initial paid-in capital required for the joint venture is P2 million.
The company's board will consist of three directors from each company, with shared chairmanship.
GMA Network will appoint the treasurer and corporate secretary, while Viva Records Corp. will select the president and assistant corporate secretary.
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