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. reports news as an independent music company with Music Publishing and Recorded Music operations. The company represents copyrights and master recordings, including catalog titles dating back to 1900, and its recorded music activity includes Chrysalis Records, Tommy Boy Music, and Philly Groove Records. Reservoir also manages artists through ventures with Blue Raincoat Music and Big Life Management.
Recurring updates cover quarterly results, segment revenue trends, digital and performance royalties, synchronization and neighboring rights activity, catalog acquisitions, earnings calls, and corporate governance matters. Recent company communications also include board and special committee processes tied to unsolicited strategic interest, framed alongside Reservoir's ongoing publishing, recorded music, and rights-management business.
Reservoir Media, Inc. (NASDAQ: RSVR) announced its inclusion in the Russell 2000® Index effective June 27, 2022, as part of the Russell indexes reconstitution. This membership is expected to enhance trading activity and investor visibility for Reservoir, which is approaching its first year as a public company. The Russell indexes, benchmarked by $12 trillion in assets, are widely followed by institutional investors. Reservoir represents over 140,000 copyrights and has a strong market presence, being recognized as the first female-led publicly traded music company in the U.S.
Reservoir Media, Inc. (NASDAQ: RSVR) announces that its Founder and CEO, Golnar Khosrowshahi, has joined the New York Philharmonic Board of Directors, effective immediately. This partnership aims to enhance the Philharmonic's global outreach as it continues to evolve post-pandemic. Founded in 1842, the New York Philharmonic is the oldest symphony orchestra in the U.S. and connects with around 50 million audiences annually. Khosrowshahi's business acumen and musical expertise are expected to strengthen the leadership during this pivotal time.
Reservoir Media, Inc. (NASDAQ: RSVR) reported strong financial results for Q4 and fiscal year 2022, with a 20% increase in quarterly revenue to $35.1 million and a 34% annual revenue growth to $107.8 million. Notably, recorded music revenue surged by 123% year-over-year. The company achieved an operating income of $8.7 million, up 28%, and net income of $8.9 million for Q4. For fiscal 2023, Reservoir forecasts 10% growth in revenue and adjusted EBITDA. The company successfully deployed over $224 million across 110 deals in its first year as a public entity.
Reservoir Media, Inc. (NASDAQ: RSVR) announced it will release its financial results for the fourth fiscal quarter and year ended March 31, 2022, on June 21, 2022, before market open. A conference call will be held at 10 a.m. EST on the same day to discuss these results. Investors can join via phone or through a live audio webcast on Reservoir’s Investor Relations website. Reservoir, an independent music company with a strong global presence and over 140,000 copyrights, is the first female-founded public music company in the U.S.
Reservoir Media has signed Egyptian rapper Mohamed Ramadan to a worldwide publishing deal and acquired 100COPIES, an Egyptian label, in partnership with PopArabia. These moves are part of Reservoir's strategy to expand in emerging markets. Ramadan, a prominent figure in the MENA music scene, has over 4.65 billion YouTube views and aims to reach a global audience. The acquisition of 100COPIES aligns with the growth of Mahraganat music. Reservoir has established a strong presence in the MENA region, which saw a 35% revenue increase in 2021, according to the IFPI.
Reservoir Media, Inc. (NASDAQ: RSVR) announced that its Founder and CEO, Golnar Khosrowshahi, was honored in Variety’s New York Women’s Impact Report 2022, highlighting influential female leaders in various sectors. Khosrowshahi's recognition adds to her recent accolades, including being named Billboard’s Executive of the Year and appearing on its Power List. Under her leadership since its founding in 2007, Reservoir has evolved into the first female-founded and led publicly traded independent music company in the U.S., representing over 140,000 copyrights.
Reservoir Media (NASDAQ: RSVR) announced a significant acquisition of the catalog of late lyricist Larry Kusik, known for iconic film theme songs from The Godfather and Romeo and Juliet. His notable works include the award-winning "Speak Softly Love" and the Grammy-nominated "A Time For Us." Reservoir aims to preserve and promote Kusik's legacy, expanding its catalog which now includes over 140,000 copyrights. This move strengthens Reservoir's position as a leading independent music publisher, reflecting its commitment to maintaining influential musical heritage.
Reservoir Media, Inc. (NASDAQ: RSVR) has announced the acquisition of rights to the entire catalog of acclaimed film score composer Henry Jackman. This includes scores for major films like the Captain America series and Wreck-It Ralph. With a background in classical music and electronic production, Jackman has worked with Hans Zimmer on blockbuster scores since 2006. Reservoir aims to expand its film score catalog further, enhancing its market position. This strategic acquisition aligns with Reservoir's growth, portraying future revenue potential from Jackman’s celebrated works.
Reservoir Media (NASDAQ: RSVR) has announced a global publishing agreement with Grammy-winning artist Killer Mike. This deal encompasses both his existing catalog and future works. Killer Mike, part of the hip-hop duo Run The Jewels, has achieved critical acclaim with his albums, including RTJ4, which reached the Top 10 on the Billboard 200. Reservoir, founded in 2007, is recognized as the first publicly traded independent music company in the U.S., managing over 140,000 copyrights and securing a significant U.S. market share.
Reservoir Media, Inc. (NASDAQ: RSVR) announced its participation in the 34th Annual ROTH Conference from March 13-15, 2022, at the Ritz Carlton in Dana Point, CA. CFO Jim Heindlmeyer will present on March 15 at 2:30 PM ET and will hold meetings with investors. Interested parties can access a live webcast or a replay through the Investor Relations section of Reservoir's website. Reservoir is a leading independent music company with over 140,000 copyrights and 36,000 master recordings, recognized for its significant market share and multiple awards in the industry.