Reservoir Media Inc Stock Price, News & Analysis

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.

Reservoir Media, Inc. (NASDAQ: RSVR) has acquired a stake in the publishing catalog of Fred Parris, founder of The Five Satins, known for the classic doo-wop song, “In the Still of the Night.” This track has seen significant cultural impact, notably featured in the Dirty Dancing soundtrack, which sold over 33 million copies globally. Reservoir aims to enhance the legacy of Parris’s works and explore new opportunities. Reservoir, the first publicly traded independent music company in the U.S., represents over 130,000 copyrights and maintains a robust market presence.

Reservoir Media (NASDAQ: RSVR) announced a new publishing deal with Los Bitchos, a London-based instrumental band known for their unique genre of "instrumental psychedelic sunshine Cumbia." Los Bitchos gained attention with their singles "Good to Go" and "Las Panteras," and are set to release their debut album, Let the Festivities Begin!, in February 2022. The band expressed excitement about their collaboration with Reservoir, while the company's U.K. Head of Creative praised the band as a refreshing addition to their roster. Reservoir has established itself as a leading independent music company.

Reservoir Media, Inc. (NASDAQ: RSVR) announced the acquisition of hit songs by renowned songwriter and producer Dallas Austin, known for his extensive catalog including works with Boyz II Men, Madonna, and TLC. This strategic acquisition aims to enhance Reservoir's music offerings and legacy. Austin's accolades include his induction into the Songwriters Hall of Fame in 2019, exemplifying his impact on the music industry. Reservoir remains committed to expanding its portfolio and ensuring the longevity of Austin's influential music.

Reservoir Media reported a 45% revenue increase for Q2 FY22, totaling $30.4 million, driven by a 149% growth in recorded music and a 26% increase in music publishing revenue. Operating income rose 49% to $7.9 million, while net income reached $4.5 million, a 61% increase year-over-year. The company projects a 25% growth for FY22, concluding March 2022. Key acquisitions and deals with artists like Joni Mitchell enhanced their catalog, positioning them for long-term success.

Feed Media Group has announced a partnership with Reservoir Media (NASDAQ: RSVR) to integrate Reservoir's catalog of over 130,000 songs into Feed Media Group's Adaptr platform. This platform offers a comprehensive solution for startups and app developers to incorporate licensed music into their applications easily and legally. Feed Media Group emphasizes the importance of protecting artists while ensuring that companies can access high-quality music.

Reservoir Media, Inc. (NASDAQ: RSVR) announced it will release its financial results for the second fiscal quarter ended September 30, 2021, before market open on November 9, 2021. A conference call to discuss the results will follow at 10 a.m. EST on the same day, accessible via the Company's Investor Relations website. Reservoir, an independent music company based in New York, represents over 130,000 copyrights and has a significant market presence, holding a Top 10 U.S. market share according to Billboard.

Reservoir Media (NASDAQ: RSVR) has announced a worldwide publishing deal with singer-songwriter Madison McFerrin, covering her entire catalog and future works. McFerrin, noted for her impressive vocal range and innovative sound, has released two well-received EPs, including 'You + I,' which has over 4 million streams. Her upcoming full-length album is anticipated in 2022. The partnership aims to enhance her career and expand her audience, with Reservoir's VP of A&R expressing excitement about supporting her growth.

Reservoir Media, Inc. (NASDAQ: RSVR) announced a new publishing deal with Scottish singer-songwriter Emeli Sandé, covering her upcoming album and future works. Sandé has experienced significant success in both the U.K. and U.S., with several chart-topping hits. Her debut album, Our Version of Events, was highly acclaimed, reaching #28 on the Billboard 200. The company aims to enhance Sandé's presence in the U.S. market as part of their growth strategy.