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 an independent music company with operations in music publishing, recorded music, management, and rights management in the Middle East. News about Reservoir often centers on its financial performance, catalog acquisitions, publishing and recorded music deals, and developments in its international footprint.
Recent earnings releases have highlighted growth across both the Music Publishing and Recorded Music segments, with detailed breakdowns of revenue by type, such as digital, performance, synchronization, mechanical, physical, and neighboring rights. These reports also discuss metrics like operating income, OIBDA, Adjusted EBITDA, and Net Debt, along with commentary from management on catalog strategy, cost management, and outlook ranges for future fiscal years.
Reservoir’s news flow also includes announcements of catalog and rights acquisitions and new or extended deals with artists, songwriters, and estates. Examples disclosed by the company include the acquisition of Miles Davis’ publishing catalog and rights to his recorded music, deals involving Nick Drake and Molly Drake, and agreements with creators and labels such as Snoop Dogg and Death Row Records, k.d. lang, Lastrada Entertainment, Fool's Gold Records, New State, and others.
In addition, Reservoir issues updates on strategic initiatives in emerging markets, such as the launch of its Mumbai-based subsidiary PopIndia and activities through PopArabia. Investors and followers of RSVR news can use this page to review company press releases on quarterly and annual results, catalog transactions, new signings, and international expansion, all of which provide context on how Reservoir is developing its catalog and global presence over time.
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 For those unable to attend live, an archived version will be available on the company's website.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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