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 (NASDAQ: RSVR) has announced a new publishing deal with acclaimed singer-songwriter Wrabel. The deal covers Wrabel's future works. Wrabel, based in Los Angeles, has co-written songs for various artists and released his own successful music. His collaborations include Platinum-selling and Grammy-nominated tracks. Wrabel's debut album was released in 2021, with a sophomore album following and a third expected in 2025.
Wrabel expressed excitement about joining Reservoir, praising the team and Executive VP Donna Caseine. Caseine highlighted Wrabel's versatility and ability to write meaningful songs and 'infectious earworms' for himself and others. Reservoir aims to bring new opportunities for Wrabel's talents through this partnership.
Reservoir Media (NASDAQ: RSVR) has announced the release date for its first quarter fiscal 2025 financial results. The report, covering the period ended June 30, 2024, will be released before market open on Wednesday, July 31, 2024. Following the release, the company will host a conference call at 10 a.m. Eastern Daylight Time to discuss the results.
Investors and interested parties can access the live audio webcast of the discussion through the Events and Presentations section of Reservoir's Investor Relations website. For those unable to attend live, an archived version will be available on the company's website. Participants can also join the call via phone by registering through the provided link, which will supply a dial-in number and PIN.
Reservoir Media (NASDAQ: RSVR) has announced a new publishing deal with Platinum-selling producer and songwriter Aaron Zuckerman. The deal covers Zuckerman's recent co-write, 'White Claw' by Yung Gravy and Shania Twain, and the majority of Yung Gravy's upcoming album. Zuckerman has an impressive portfolio, including Gold record 'Devil Doesn't Bargain' by Alec Benjamin, Lil Wayne's 'Dreams,' and Bebe Rexha's '2 Souls On Fire' featuring Quavo. He has worked with numerous artists like Liam Payne, MGK, and Travis Barker. Upcoming projects include collaborations with BRELAND and Lovelytheband. Zuckerman expressed excitement about joining Reservoir, emphasizing their shared commitment to exceptional music. Reservoir executives praised Zuckerman's versatility and creative talent.
Reservoir Media (NASDAQ: RSVR) reported strong financial results for Q4 and Fiscal Year 2024, ending March 31, 2024. Annual revenue grew 18% to $144.9 million. Music Publishing Revenue increased by 15%, while Recorded Music Revenue surged 22%. Operating Income reached $24.6 million, a 17% increase. However, Net Income fell sharply to $0.8 million, or $0.01 per diluted share, from $2.8 million last year. Adjusted EBITDA grew by 20% to $55.6 million. Key acquisitions included catalogs of The Spinners and Latin music icon Rudy Perez. The fiscal 2025 outlook predicts mid-single-digit revenue and EBITDA growth.
Reservoir Media (NASDAQ: RSVR), an independent music company, will release its financial results for the fourth quarter and fiscal year 2024 on May 30, 2024, before market open. The fiscal year ended on March 31, 2024.
The company will hold a conference call at 10 a.m. Eastern Daylight Time to discuss these results. The discussion will be accessible via a live audio webcast on the company’s Investor Relations website. An archived version of the webcast will also be available. Interested parties can register for the call to receive a dial-in number and PIN.
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