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GMM Grammy
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GMM Grammy Public Company Limited (Thai: จีเอ็มเอ็ม แกรมมี่ or stylized as G"MM' Grammy) is the largest media conglomerate entertainment company in Thailand.[3][4][5] Top Grammy artists include Bird Thongchai, Silly Fools, Loso, Tai Orathai, Bie Sukrit, Tata Young, Mos Patiparn, Bodyslam, Getsunova, Joey Boy. In addition to its music business, the company is involved in concert production, artist management, film production, television production and publishing.
Key Information
In 2023, GMM Grammy partnered with RS Group, another Thai music label, to establish a joint venture called Across the Universe.[6]
Major shareholders
[edit]| Rank | Major Shareholders[7] (as of December 6, 2022) |
No. of Shares | % of Issued Capital |
|---|---|---|---|
| 1 | Fah Damrongchaitham Co., Ltd | 426,774,344 | 52.05 |
| 2 | Mr. Thaveechat Jurangkool | 134,635,723 | 16.42% |
| 3 | Mr. Nuttapol Jurangkool | 81,122,700 | 9.89% |
| 4 | Mrs. Hathairatn Jurangkool | 51,573,500 | 6.29% |
| 5 | Mr. Komol Juangroongruangkit | 22,720,000 | 2.77% |
| 6 | UOB Kay Hian (Hong Kong) Limited – Client Account | 17,932,520 | 2.19% |
| 7 | Bangkok Bank Public Co., Ltd | 12,278,693 | 1.50% |
| 8 | Thailand Securities Depository Co., ltd | 5,216,651 | 0.64% |
| 9 | Mr. Takonkiet Viravan | 5,059,236 | 0.62% |
| 10 | Bualuang Equity RMF | 4,830,400 | 0.59% |
Music
[edit]The company has twelve music subsidiaries:
- Genie Records – Pop/rock records
- Grammy Gold – Thai country records (luk thung)
- Grammy Big – Compilation records
- Sanamluang Music – Indie records
- White Music – Pop records
- GMMTV RECORDS – Ost records
- RISER Music – Pop records
- One Music – Pop/ost records
- Genelab – Pop/rock records
- Thaidol Music – Thai northeast country records (Mor lam)
- White Fox – Pop idol records
- GNEST – Pop idol records
- YGMM – Pop idol records
GMMTV RECORDS is under GMM TV department and One Music are under GMM One Digital TV department.Manufacturing and distribution comes under MGA Co. Ltd., while the Imagine record store chain is a company-owned retailer. Music publishing is handled by GMM Music Publishing International Co., Ltd., while GMM Grammy licensed karaoke music and equipment is handled by Clean Karaoke.
List of GMM Grammy artists
[edit]Current artists in the GMM Grammy label include (incomplete list):
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Media
[edit]Film
[edit]GMM Grammy has conducted business in the film industry through various subsidiary studios: Grammy Film (1995–2000), GMM Pictures (2002–2004), GMM Tai Hub (GTH, 2004–2015), and GDH 559 (2016–present). Grammy Film and GMM Pictures were wholly owned subsidiaries, while GTH was formed in 2004 as a joint venture with Tai Entertainment and Hub Ho Hin Bangkok, following their successful 2003 co-production My Girl. GMM Grammy owns a 51% stake in GDH 559, which was formed in 2016 as GTH's successor following disagreements which led to the departure of Tai Entertainment.
GMM Z
[edit]GMM Z Co., Ltd. is a subsidiary of GMM Grammy that produces and distributes satellite television set-top boxes airing free-to-air channels and its own content.
It formerly operated Z PAY TV, a pay television platform offering premium and exclusive content such as German Bundesliga, UEFA Euro 2012, and channels from FOX International Channels before it was sold to CTH.
Television
[edit]GMM Grammy has 2 digital television channels:
Production marques, studios which produce lakorns, TV series, TV shows, game shows and variety shows, including:
- A-Time Media
- CHANGE 2561 (with Adelfos Co Ltd and Saithip Montrikul Na Audhaya)[8]
- GMM Channel (Owner of GMM 25)
- GDH 559
- GMMTV
- GMM Bravo
- Me Mi Ti
- Nadao Bangkok
- The One Enterprise (Owner of One 31, merged from GMM One TV, Exact, and Scenario)
Radio
[edit]Atime Media, a subsidiary of GMM Grammy, operates the following stations:
- Chill FM Online
- EFM 94
- Green Wave 106.5 FM
- Hot 91.5 (disbanded in 2013)
Publishing
[edit]Magazines
[edit]Magazines produced by GMM Grammy include:
- Image – Fashion, beauty, society news.
- Madame Figaro Magazine – Fashion and beauty "targeting sophisticated and highly educated women who do not need 'how to'".
- Her World – The Thai edition of the popular Singaporean women's magazine.
- Maxim – The Thai edition of the popular lad mag.
- Attitude – The Thai edition of the British gay lifestyle magazine.
- In Magazine – Fashion and Entertainment
Newspapers
[edit]GMM Grammy has partial stakes in the Bangkok Post and the Matichon Group, which publishes several Thai-language dailies, including Matichon and Khao Sod.
Distribution
[edit]- Se-Education PLC – A chain of university bookstores.
See also
[edit]References
[edit]- ^ a b c d "Companies/Securities in Focus: GRAMMY : GMM GRAMMY PUBLIC COMPANY LIMITED". set.or.th. Stock Exchange of Thailand. Retrieved 27 April 2020.
- ^ "Annual Report 2018 GMM Grammy Public Company Limited" (PDF). p. 26. Retrieved 27 April 2020.
- ^ Jason Tan (27 March 2018). "'Thai wave' in showbiz poised for big splash in China". Nikkei Asian Review. Archived from the original on 3 June 2020. Retrieved 27 April 2020.
GMM Grammy – the largest media conglomerate on the Stock Exchange of Thailand
- ^ Nanat Suchiva (22 July 2017). "Mr Expo reflects on the big event". Bangkok Post. Bangkok Post. Retrieved 27 April 2020.
Soon after, Mr Kriengkrai agreed to sell a 50% stake in Index to GMM Grammy Plc, Thailand's largest entertainment company.
- ^ Sarah Newell (24 March 2016). "This Thailand Tycoon's Private Palace Is a Pool-Filled Oasis". Bloomberg News. Retrieved 27 April 2020.
Paiboon, the 66-year-old chairman of GMM Grammy, Thailand's largest media company...
- ^ “GRAMMY x RS” ร่วมทุนตั้งกิจการร่วมค้า “อะครอส เดอะ ยูนิเวิร์ส” ลุยธุรกิจเพลง
- ^ "Major shareholders – Investor Relations – G"MM' GRAMMY". grammy.listedcompany.com. GMM Grammy. Retrieved 6 December 2022.
- ^ Leesa-Nguansuk, Suchit (19 December 2018). "GMM pumping B20m into Change 2561". Bangkok Post.
External links
[edit]- Official website
- GMMTV
- GDH559 – GDH 559.
- ฟังเพลง Archived 2018-09-16 at the Wayback Machine – GMM Grammy's Entertainment Web Portal.
- GMM Grammy at the Stock Exchange of Thailand.
GMM Grammy
View on GrokipediaHistory
Founding and Early Development
GMM Grammy was founded on November 11, 1983, as Grammy Entertainment Company Limited by Rewat Buddhinan and Paiboon Damrongchaitham, two pioneers in the Thai music industry.[4] The company initially concentrated on music production and artist management within the Thai market, launching its first album, "Ni Yai Ruk Jak Korn Mek" by Doctor Pantiwa Sinrattanan, alongside three television programs in the same year.[1] This marked the beginning of Grammy's efforts to build a domestic entertainment ecosystem centered on Thai pop music. In its formative years, Grammy rapidly expanded its roster and influence through strategic artist signings and genre diversification. A pivotal moment came in 1986 with the release of Thongchai McIntyre's debut album "Had Sine Sai Lom Song Rao," which helped establish modern Thai pop and propelled the company forward.[1] The label also embraced emerging styles, such as rock, exemplified by Amphon Lampoon and Micro's "Rock Lek Lek" in the late 1980s. By the early 1990s, Grammy had ventured into radio broadcasting with the establishment of A-Time Media Co., Ltd. in 1991, introducing stations like Green Wave and Hot Wave, further solidifying its presence in audio entertainment.[1] Grammy Entertainment Public Company Limited went public on the Stock Exchange of Thailand (SET) on February 17, 1995, under the ticker GRAMMY, enabling broader capital access for growth.[5] The company achieved significant market dominance during this period through its integrated music and media operations.[6] In 2001, it rebranded to GMM Grammy Public Company Limited to reflect its evolving multimedia identity, setting the stage for further diversification while maintaining its core in music production and artist development.[4]Key Milestones and Restructuring
In 2004, GMM Grammy formed the GTH joint venture with Tai Entertainment and Hub Ho Hin Co., Ltd. to expand into film production, marking a significant step in diversifying beyond music into multimedia content creation.[7] The partnership produced numerous successful Thai films over the next decade, leveraging GMM Grammy's music resources for integrated entertainment projects. However, internal disputes over taking the company public led to GTH's dissolution on December 31, 2015.[8] Following the dissolution, GMM Grammy restructured its film operations by establishing GDH 559 Co., Ltd. as a new joint venture with Hub Ho Hin Bangkok Co., Ltd. in December 2015, with operations commencing on January 5, 2016.[9] This entity, in which GMM Grammy held a majority 51% stake, continued and expanded GTH's film production legacy, focusing on commercial hits and maintaining continuity in the Thai film industry.[10] On February 27, 2023, GMM Grammy's board approved a major restructuring to transform the company into a holding entity, including the transfer of its music business operations, including eight subsidiaries in media, radio, television, and publishing, to the newly established GMM Music Public Company Limited.[1] The transfer was completed on September 1, 2023, allowing GMM Grammy to focus on oversight and investments while GMM Music handled core music activities.[11] Later that year, on March 28, 2023, GMM Grammy entered a 50:50 joint venture with RS Group's RS Music Company Limited, named Across the Universe, to co-produce content such as concert series and collaborative music events, aiming to create synergies in Thailand's entertainment sector.[12][13] In 2024, GMM Grammy's board approved the sale of ordinary shares in GMM Music, including a 1.5% stake to Warner Music Hong Kong Limited on August 13 and a 10% stake to Tencent Music Entertainment Group and Tencent, valuing GMM Music at approximately US$700 million.[14][15] These transactions supported strategic partnerships for global expansion while adhering to regulatory approvals. As detailed in its 2024 annual report, the company adapted to digital consumer trends by enhancing streaming platforms, data analytics for audience behavior, and content personalization amid a shift toward on-demand media consumption.[16] In 2025, GMM Grammy made key executive changes to strengthen governance, appointing Somluthai Jirasupakul as Acting Chief Financial Officer effective October 24.[17] Additionally, at its annual general meeting on April 29, the company approved audit committee restructuring, including Vithit Leenutaphong as Chairman, to enhance financial oversight and compliance.[18] These appointments reflect ongoing efforts to align leadership with the company's evolution as an integrated entertainment holding.Ownership and Corporate Governance
Major Shareholders
GMM Grammy Public Company Limited is primarily controlled by the Damrongchaitham family through Fah Damrongchaitham Co., Ltd., which holds the largest stake at 52.05% as of the latest available data.[19] This entity is owned and managed by descendants of the company's founder, Paiboon Damrongchaitham, ensuring family-led oversight of strategic direction. Other significant individual shareholders include members of the Jurangkool family, with Mr. Thaveechat Jurangkool owning 16.43%, Mr. Nuttapol Jurangkool at 9.89%, and Mrs. Hathairat Jurangkool holding 8.13%, collectively representing substantial influence alongside the Damrongchaitham stake.[19] The company has been publicly listed on the Stock Exchange of Thailand (SET) since February 17, 1995, with the remaining approximately 17.33% of shares (as of May 2025) comprising the free float held by a mix of institutional investors and retail shareholders.[5] Institutional holders, such as BBL Asset Management Co., Ltd., account for notable portions, with 6.47% ownership reported in early 2025.[20] This public structure allows broader market participation while the family's majority control maintains alignment with long-term vision. Historically, ownership has seen consolidation efforts by the Damrongchaitham family, particularly following the 2021 restructuring where family members transferred their direct shares to Fah Damrongchaitham Co., Ltd. to streamline governance and support sustained business operations.[6] This move solidified the 52.05% holding and enhanced family coordination in decision-making. The major shareholder's influence is evident in key approvals, such as the Extraordinary General Meeting on September 26, 2024, where the sale of 12 million shares in subsidiary GMM Music Public Company Limited was ratified, reflecting strategic portfolio adjustments.[1]Subsidiaries and Group Structure
GMM Grammy Public Company Limited operates as a holding company, having fully transitioned to this model in November 2023 to oversee its integrated entertainment ecosystem through subsidiaries and affiliates across music, media, home shopping, and movies.[1] This structure allows centralized management of investments while subsidiaries handle operational segments, with GMM Grammy holding direct or indirect stakes in over 20 entities as of 2024.[16] In the music segment, GMM Grammy manages more than 12 subsidiaries primarily under its core music arm, GMM Music Public Company Limited, in which it holds an 88.5% stake following share sales in 2024.[16] Key music subsidiaries include GMM Music Publishing International Co., Ltd. (100% owned), which focuses on publishing rights, and artist development entities such as Blackgem Co., Ltd. (65% owned, rebranded in March 2024), G200M Co., Ltd., and YGMM Co., Ltd. (51% owned, a joint venture with YG Entertainment).[16] Other notable music labels and studios transferred to GMM Music in 2023 include Genie Records and Grammy Gold, alongside GR Vocal Studio, enabling specialized production and artist management.[1] New establishments in 2024, such as GMM Global Co., Ltd. (formed August 2024) and GMM Asia Co., Ltd. (51% owned joint venture with Tencent Music Entertainment, established December 2024), expand international music operations.[16] The initial public offering for GMM Music remains pending as of 2025.[1] The media and content arms feature key affiliates like GMMTV, a television production entity operating under The One Enterprise Public Company Limited (ONEE), where GMM Grammy increased its stake to 35.09% through a 10% acquisition via Wanthong Holdings Co., Ltd. in July 2024.[16] For films, GDH 559 Co., Ltd. serves as the primary subsidiary with a 51% ownership, focusing on movie production and distribution.[1] Broadcasting is handled through GMM Channel Company Limited (100% owned), which operates the GMM 25 SDTV channel and supports One 31 HDTV channel, while GMM O-Shopping Co., Ltd. (100% owned) integrates home shopping with media platforms.[16] Content production affiliates include a 30% stake in JOOX Thailand, acquired in May 2024 for USD 25 million to bolster music streaming.[16] In publishing, GMM Grammy maintains stakes in entities like Grammy Publishing House Co., Ltd., with an additional investment of 89.8 million Baht in 2024 to strengthen content rights management.[16] Recent changes in 2024 include internal transfers and integrations, such as the transfer of music operations to GMM Music as part of preparations for its initial public offering and the consolidation of home shopping under GMM O-Shopping Co., Ltd. following the divestment of non-core assets like a 45% stake in Z Trading Co., Ltd. in June 2024.[16] Additionally, GMM Grammy sold a 10% stake in GMM Music to Tencent for USD 70 million in May 2024 and established joint ventures like G&LDH Co., Ltd. (50% owned with LDH Japan) in June 2024 to enhance global collaborations.[16]| Key Subsidiary/Affiliate | Ownership Stake | Primary Focus |
|---|---|---|
| GMM Music Plc | 88.5% | Music production and labels |
| GDH 559 Co., Ltd. | 51% | Film production |
| GMM O-Shopping Co., Ltd. | 100% | Home shopping and e-commerce |
| GMM Channel Co., Ltd. | 100% | Broadcasting (GMM 25, One 31) |
| The One Enterprise Plc (ONEE) | 35.09% | Media and content (incl. GMMTV) |
| JOOX Thailand | 30% | Music streaming |

