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Consider acquires 15% stake in Philippines-based Viva Music and Artists Group for $26m


Paris-headquartered music firm Consider has acquired a minority stake in Philippines-based Viva Music and Artists Group (VMAG), one of many largest labels in South-East Asia. 

Consider is shopping for 15% of the corporate’s complete share capital for €23 million (approx. $26m at present trade charges).

The information follows Consider’s acquisition this week of a 76% stake in South India-based Suppose Music for €13 million (approx. $14.6m at present trade charges).

VMAG, managed by Viva Holdings, is house of Viva Information, which Consider says is the quickest rising label available in the market when it comes to new artists.

Based in 1966, the corporate can be house to Vicor Music, the proprietor of what Consider calls “the oldest and richest again catalog” within the Philippines.

A few of VMAG’s high artists embody Sarah Geronimo, Regine Velasquez, Rey Valera, Sharon Cuneta and ALLMO$T (Distribution).

Consider says that it has been collaborating on the regional growth of artists with VMAG since 2019 and this strategic partnership expands the prevailing relationship “to develop native artists and exploit VMAG’s distinctive catalog”.

“This will even contribute to speed up the digital development of VMAG whereas additional strengthening Consider’s place as a number one participant in South-East Asia,” provides Consider in a press release asserting the information.

Consider says that the partnership will present “a novel growth platform” for native OPM (Unique Pilipino Music) artists.

 VMAG additionally operates throughout expertise administration, sync, publishing, branding, merchandising and manufacturing.

Consider additionally lately acquired a 25% stake in Play Two, certainly one of France’s main impartial labels.

Consider listed on the Paris Euronext inventory trade in June.

The corporate presently carries a market cap of €1.716 billion, or roughly $2 billion.Music Enterprise Worldwide

“That is really an thrilling growth not just for the 2 firms, but in addition for all the good and gifted Pinoy artists who dream of constructing it massive in enterprise each right here and overseas.”

 Vic Del Rosario, Jr. VMAG

Vic Del Rosario, Jr. VMAG Chairman, President and CEO, stated:  “It’s with nice pleasure and honor that I welcome Consider’s entry into Viva. Being one of many main digital music companies on this planet, Consider brings with it its unparalleled observe document in music know-how advances and business main label and artists providers.

“Alternatives are boundless, because the partnership seeks to take Viva Music and Artists Group, Inc. (VMAG) into the following stage, with the only purpose of marrying Consider’s huge worldwide know-how on the digital entrance and that of Viva’s 50 years of dominance of the Filipino leisure scene.

“That is really an thrilling growth not just for the 2 firms, but in addition for all the good and gifted Pinoy artists who dream of constructing it massive in enterprise each right here and overseas.”

“I’m extraordinarily proud and honored to ascertain this long-term partnership between Viva Music and Artists Group and Consider.”

Sylvain Delange, Consider Asia Pacific

Sylvain Delange, Managing Director of Consider Asia Pacific, added: “I’m extraordinarily proud and honored to ascertain this long-term partnership between Viva Music and Artists Group and Consider.

“Beneath the extremely profitable management of Vic Del Rosario, Jr. coupled with the forward-thinking imaginative and prescient of Verb Del Rosario, Viva has achieved the distinctive place of being concurrently essentially the most established and essentially the most modern music firm within the Philippines.

“I’m very assured that, leveraging one another’s experience, this partnership will allow Viva and Consider to seize the ever-growing alternatives of the Philippines market and contribute to the rise of Native Artists”.Music Enterprise Worldwide



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