Welcome to our dedicated page for Reservoir Media news (Ticker: RSVR), a resource for investors and traders seeking the latest updates and insights on Reservoir Media stock.
Reservoir Media Inc (NASDAQ: RSVR) is a leading independent music company specializing in publishing and recorded music management. This news hub provides investors and industry professionals with essential updates on corporate developments, catalog acquisitions, and strategic partnerships.
Access real-time announcements including earnings reports, licensing agreements, and executive leadership changes. Our curated collection features official press releases alongside market analysis relevant to RSVR's position in the global music industry.
Key coverage areas include music copyright acquisitions, digital licensing innovations, international expansion updates, and financial performance disclosures. Bookmark this page for direct access to primary source materials that impact RSVR's market performance and industry standing.
Reservoir Media, Inc. (NASDAQ: RSVR) announced a new agreement with the National Music Publishers' Association (NMPA) and Twitch to enhance compensation and visibility for songwriters. This collaboration aims to integrate music publishers into Twitch's gaming platform, offering new revenue opportunities and interactive experiences for fans. Reservoir’s CEO, Golnar Khosrowshahi, emphasized the importance of this initiative for both creators and publishers. The partnership marks a significant advancement in valuing music contributions within the gaming context.
Reservoir Media, Inc. (NASDAQ: RSVR) has announced its participation in two investor conferences this September. The company will attend the Goldman Sachs 30th Annual Communacopia Conference on September 21 & 22, and the Sidoti Fall Virtual Small Cap Investor Conference on September 23. At Sidoti, Reservoir will hold a group presentation at 4:00 PM EDT. Investors can access the live conference webcast through the company’s Investor Relations website. Reservoir, founded in 2007, is a leading independent music company, holding over 130,000 copyrights and recognized for its significant market share.
Reservoir Media (NASDAQ: RSVR) has struck a significant deal with music icon Joni Mitchell, becoming the worldwide administrator of her music publishing catalog. This partnership is a notable milestone for Reservoir, which will support and promote Mitchell's legacy, underlining her influence in the music industry.
Mitchell's music has garnered numerous accolades, including nine Grammy Awards and membership in the Rock and Roll Hall of Fame. The collaboration aims to enhance the visibility of her extensive catalog and introduce her timeless artistry to new audiences.
Reservoir Media (NASDAQ: RSVR) has acquired the recorded music rights catalog of country supergroup Alabama, recognized as the most awarded band in Country music history. Alabama boasts over 200 industry honors and holds a record of 21 consecutive #1 hits. Formed in 1969, they have sold over 75 million albums and consistently produce music. Reservoir aims to enhance its catalog with this legendary band's works, affirming its growth strategy. This acquisition strengthens Reservoir's portfolio amid an evolving music landscape.
Emeli Sandé has signed a global record deal with Chrysalis Records, marking a significant step in her career as the label expands since its relaunch in February 2020. Sandé's acclaimed debut album Our Version of Events was the best-selling UK album of 2012. Under her new deal, she aims to release her fourth album, which is expected to showcase her vocal talent and artistic evolution. CEO Jeremy Lascelles expressed enthusiasm about her contributions, while Robin Millar noted the album's potential to impact future artists. The partnership signifies a promising future for both Sandé and Chrysalis.
Reservoir Media, Inc. reported a 23% revenue increase for Q1 fiscal 2022, totaling $16.7 million, consistent with expectations. Music Publishing revenues rose by 8% to $12.3 million, while Recorded Music surged 94% to $4.2 million. Operating income was $282,000, and OIBDA reached $4.4 million, marking a 6% increase adjusting for a $617,000 PPP loan forgiveness in Q1 2021. The company completed significant acquisitions, including Tommy Boy Music for $100 million, and raised over $142 million following a business combination.
Reservoir Media, Inc. reported a 23% increase in revenue for the first quarter of fiscal 2022, totaling $16.7 million, driven by a 94% surge in Recorded Music revenues, largely due to robust physical sales in the Chrysalis catalog and the acquisition of Tommy Boy Music. The company’s operating income stood at $282 million, aided by a 6% increase in adjusted OIBDA despite costs associated with becoming public. Reservoir also secured over $142 million from a business combination with Roth CH Acquisition II Co. and successfully acquired several music portfolios.
Reservoir has announced the launch of ESMAA, a UAE-based Rights Management Entity to enhance music licensing in the Gulf region. With agreements to represent global societies like PRS for Music and SOCAN, ESMAA accesses over 30 million musical works, serving regional businesses for the first time. It has also become a Client Rights Management Entity of CISAC, marking a historic development for Gulf music licensing. Founder Hussain 'Spek' Yoosuf highlights the local solution for music rights, while Michael Garin of twofour54 emphasizes the initiative's role in boosting Abu Dhabi's creative industry.
Sidoti & Company has initiated coverage on LGL Systems Acquisition Corp. (NASDAQ: DFNS) and Reservoir Media (NASDAQ: RSVR). The research firm set a price target of $15 for DFNS, which is merging with IronNet Cybersecurity, expected in Q3 2021, and $14 for RSVR post its merger with Roth CH Acquisition II Co.. Sidoti aims to provide independent analysis on SPACs and De-SPACs to aid investors in their decision-making. This coverage expands Sidoti’s previous work with PLBY Group (NASDAQ: PLBY), highlighting an ongoing commitment to SPAC research.
Reservoir Media has appointed Dr. Helima Croft and Ms. Jennifer Lee Koss to its board of directors, effective July 28, 2021. This move coincides with the completion of Reservoir's business combination and aims to strengthen its leadership team.
Both appointees bring extensive experience in capital markets and financial strategy. Croft has nearly two decades of experience, while Koss has a strong background in management consulting and board governance. This transition marks an exciting time for Reservoir as it positions itself as a publicly traded independent music company.
