Reservoir Media Inc Stock Price, News & Analysis

Reservoir Media (NASDAQ: RSVR) has extended its partnership with renowned songwriter Ali Tamposi, affirming its commitment to nurturing top talent. Tamposi's catalog boasts over 50 billion global streams, including her Diamond-certified hit 'Havana.' As a dominant force in pop music, Tamposi has multiple acclaimed collaborations and Grammy nominations, reinforcing her status in the industry. Reservoir's CEO highlighted the successful relationship, emphasizing its investment in songwriters as vital for future growth. This partnership is positioned to enhance Reservoir's market presence.

Reservoir Media (NASDAQ: RSVR) has announced a deal to acquire a stake in the catalog of influential hip-hop producer Larry Smith. The deal includes pivotal works such as Whodini's albums Escape and Back in Black, which were crucial in mainstreaming hip-hop. Escape was the first hip-hop album to be certified Platinum and broke into the Billboard 200 Top 40. Smith's contributions to the genre are acknowledged as transformative, with his work influencing the direction of hip-hop from the late 70s through the mid-80s.

Reservoir Media reported a 26% year-over-year increase in top-line revenue, reaching $27.1 million for Q3 FY22, driven by a 147% surge in Recorded Music revenues. Music Publishing revenue rose 4% with an organic growth adjustment of 22%. Despite a 19% decline in operating income to $4.0 million, the company raised its full fiscal year guidance, projecting revenue between $103-$105 million and adjusted EBITDA of $40-$41 million. Noteworthy acquisitions and strategic M&A efforts contribute to optimistic revenue growth prospects.

Reservoir Media (NASDAQ: RSVR) has acquired the producer catalog of Buddy Cannon, a prominent figure in country music and Hall of Fame member. This acquisition includes rights to all Cannon's collaborations with Kenny Chesney from 1997 to 2017, which have collectively achieved over three billion streams and 31 million album sales. Cannon's noteworthy contributions include popular tracks like "American Kids" and "You and Tequila." Reservoir's EVP of Creative expressed enthusiasm for continuing to expand their country catalog with Cannon's legacy.

Reservoir Media, Inc. (NASDAQ: RSVR) announced a worldwide publishing deal with hit writer-producer Warren “Oak” Felder on February 1, 2022. This agreement builds on a joint venture from 2017 and includes all future works by Felder. Known for his collaborations with top artists like Demi Lovato and John Legend, Felder's partnership aims to enhance Reservoir's creative output. Reservoir, a leading independent music company, continues to expand its roster with high-profile talent, reinforcing its position in the music industry as a top publisher.

Reservoir Media, Inc. (NASDAQ: RSVR) will announce its third fiscal quarter results for the period ending December 31, 2021, on February 8, 2022, before market opening. A conference call to discuss these results will take place at 10 a.m. EST that same day, accessible via a live audio webcast on the company’s Investor Relations website. Reservoir is notable for being the first publicly traded independent music company in the U.S. and manages a vast catalog of over 140,000 copyrights and 36,000 master recordings.

Reservoir Media, Inc. (NASDAQ: RSVR) announced the acquisition of the publishing and recorded music catalogs of Grammy Award-winning artist Travis Tritt. This deal encompasses Tritt's complete body of work, including his latest album, Set In Stone. Tritt, known for his significant contributions to the country genre, has achieved over 30 million album sales and multiple Platinum certifications. Reservoir aims to strengthen its country music portfolio and build on its existing catalog of classics. Tritt's representation was handled by Keller Turner Andrews & Ghanem, PLLC.

Reservoir Media, Inc. (NASDAQ: RSVR) has announced the acquisition of the publishing catalog of late Grammy-winning DJ Fred Rister. This catalog includes iconic collaborations with David Guetta, such as the record-breaking hit 'I Gotta Feeling' by the Black Eyed Peas. The acquisition aims to preserve Rister's legacy and highlights his significant contributions to the Dance, Pop, and Electronic music genres. Reservoir continues to expand its portfolio, representing over 140,000 copyrights and aiming to enhance its market share.

Reservoir Media, Inc. (NASDAQ: RSVR) has announced a global publishing agreement with 4x Grammy winner Michael League and his band Snarky Puppy. This deal also includes representation of League's GroundUP Music, home to many of Snarky Puppy's collaborators. Founded in 2003, Snarky Puppy has won four Grammys and is recognized in the jazz genre. GroundUP Music supports Snarky Puppy and its members’ solo careers, with significant projects on the horizon, including a new album, Empire Central. Reservoir continues to expand its influence in the music industry.