Reservoir Media Inc Stock Price, News & Analysis

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.

Reservoir Media (NASDAQ: RSVR) has announced a significant investment in Audio Up, contributing to their $12 million Series B funding round. This partnership aims to enhance Audio Up's ecosystem of premium audio content, utilizing Reservoir's extensive copyright catalog. Audio Up, founded in 2020 by Jared Gutstadt, has established itself in scripted audio entertainment, with notable podcast properties featuring high-profile names. Reservoir's CEO remarked on the transformative nature of this collaboration, emphasizing its potential to redefine the audio entertainment landscape.

Reservoir Media, Inc. (NASDAQ: RSVR) announced a new agreement between the National Music Publishers’ Association and Roblox that settles previous claims and lays the groundwork for future partnerships. This collaboration will enhance creative experiences in the gaming environment and drive revenue through virtual events and music integration. With over 48 million daily active users, Roblox aims to expand music's role in its ecosystem. The agreement highlights the commitment of both organizations to advance music rights and engage users in innovative ways.

Reservoir Media, Inc. (NASDAQ: RSVR) announced a new agreement with the National Music Publishers' Association (NMPA) and Twitch to enhance compensation and visibility for songwriters. This collaboration aims to integrate music publishers into Twitch's gaming platform, offering new revenue opportunities and interactive experiences for fans. Reservoir’s CEO, Golnar Khosrowshahi, emphasized the importance of this initiative for both creators and publishers. The partnership marks a significant advancement in valuing music contributions within the gaming context.

Reservoir Media, Inc. (NASDAQ: RSVR) has announced its participation in two investor conferences this September. The company will attend the Goldman Sachs 30th Annual Communacopia Conference on September 21 & 22, and the Sidoti Fall Virtual Small Cap Investor Conference on September 23. At Sidoti, Reservoir will hold a group presentation at 4:00 PM EDT. Investors can access the live conference webcast through the company’s Investor Relations website. Reservoir, founded in 2007, is a leading independent music company, holding over 130,000 copyrights and recognized for its significant market share.

Reservoir Media (NASDAQ: RSVR) has struck a significant deal with music icon Joni Mitchell, becoming the worldwide administrator of her music publishing catalog. This partnership is a notable milestone for Reservoir, which will support and promote Mitchell's legacy, underlining her influence in the music industry.

Mitchell's music has garnered numerous accolades, including nine Grammy Awards and membership in the Rock and Roll Hall of Fame. The collaboration aims to enhance the visibility of her extensive catalog and introduce her timeless artistry to new audiences.

Reservoir Media (NASDAQ: RSVR) has acquired the recorded music rights catalog of country supergroup Alabama, recognized as the most awarded band in Country music history. Alabama boasts over 200 industry honors and holds a record of 21 consecutive #1 hits. Formed in 1969, they have sold over 75 million albums and consistently produce music. Reservoir aims to enhance its catalog with this legendary band's works, affirming its growth strategy. This acquisition strengthens Reservoir's portfolio amid an evolving music landscape.

Emeli Sandé has signed a global record deal with Chrysalis Records, marking a significant step in her career as the label expands since its relaunch in February 2020. Sandé's acclaimed debut album Our Version of Events was the best-selling UK album of 2012. Under her new deal, she aims to release her fourth album, which is expected to showcase her vocal talent and artistic evolution. CEO Jeremy Lascelles expressed enthusiasm about her contributions, while Robin Millar noted the album's potential to impact future artists. The partnership signifies a promising future for both Sandé and Chrysalis.

Reservoir Media, Inc. reported a 23% revenue increase for Q1 fiscal 2022, totaling $16.7 million, consistent with expectations. Music Publishing revenues rose by 8% to $12.3 million, while Recorded Music surged 94% to $4.2 million. Operating income was $282,000, and OIBDA reached $4.4 million, marking a 6% increase adjusting for a $617,000 PPP loan forgiveness in Q1 2021. The company completed significant acquisitions, including Tommy Boy Music for $100 million, and raised over $142 million following a business combination.