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Reservoir Media

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Not to be confused with Reservoir Records.
Reservoir Media
Founded2007 (2007)
FounderGolnar Khosrowshahi
Country of originUnited States
LocationNew York City, New York
Official websitewww.reservoir-media.com

Reservoir Media (Nasdaq: RSVR), also known as Reservoir Media Management, Reservoir,[1] Reservoir Holdings, Inc.,[2] is an independent music company based in New York City with additional offices in Los Angeles, Nashville,[3] Toronto, London, and Abu Dhabi.[4]

Reservoir was included in Billboard magazine’s "Publisher's Quarterly Top 10 Market Share" every year from 2017 to 2021.[5][6][7][8][9][10][11][12][13]

History

[edit]

Reservoir was founded in 2007 as a Music Publishing Company by Iranian-Canadian Golnar Khosrowshahi,[14] who is the current CEO.[15]

Reservoir owns over 150,000 copyrights and over 36,000 master recordings dating back to the early 1900s.

The publishing catalog includes pieces written and performed by Billy Strayhorn, Hoagy Carmichael, John Denver, Sheryl Crow, Phantogram (band), Lady Gaga,[16] Camila Cabello, Bruno Mars, Cardi B and Thomas McClary of The Commodores.[17] The company's roster of active writers and producers includes Levi Hummon,[18] James Fauntleroy, Ali Tamposi, and Jamie Hartman.

Reservoir’s collection of film music includes rights to scores to motion pictures The Lion King, the Pirates of the Caribbean series, Gladiator and The Dark Knight trilogy created by composer-producer Hans Zimmer.

The company expanded in 2010 by acquiring TVT Music Enterprises[19] (its roster including Scott Storch,[20] Lil Jon and The Cinematics), Reverb Music in 2012, P&P Songs in 2013, First State Media Group (from BMG Rights Management) in 2014,[21] Century Media's songwriters[22] in 2017,[23] Chrysalis Records in 2019, Shapiro Bernstein[24] and Atlantic Screen Music [25] in 2020.

Reservoir also has a partnership with PopArabia,[26] founded by Spek[27] who serves as Reservoir's EVP of International & Emerging Markets.

The company also represents recorded music through Chrysalis Records,[28] Tommy Boy Records,[29] and Philly Groove Records[30] and manages artists with Blue Raincoat Music[31] and Big Life Management.[32]

Reservoir was named "Publisher of the Year" Award at Music Business Worldwide’s A&R Awards in 2017 and 2019. The company also won Music Week’s [33] "Independent Publisher of the Year" in 2020 and in 2022.[34]

Reservoir’s President [35] and COO, Rell Lafargue also serves on the board of directors for the Mechanical Licensing Collective (MLC),[36] the Association of Independent Music Publishers (AIMP),[37] and Music Publishers Canada (MPC).[38]

In 2021, Reservoir also became a publicly traded company,[39][40] listed on the Nasdaq stock exchange under the ticker RSVR. The IPO was the result of a business combination with special-purpose acquisition company Roth CH Acquisition Co. II.[41][42]

In March 2022, Reservoir acquired rights to the catalog of film-score composer Henry Jackman.[43]

References

[edit]
  1. ^ "Reservoir". Music Business Worldwide. 2021-01-22. Archived from the original on 2024-02-08. Retrieved 2024-06-20.
  2. ^ Aswad, Jem (2021-04-14). "Reservoir Music Rights Company to List on NASDAQ With $788 Million Valuation". Variety. Archived from the original on 2023-05-21. Retrieved 2024-06-20.
  3. ^ Amorosi, A. D. (2019-04-02). "Reservoir Doubles Down on Country Music With Newly Opened Nashville Office". Variety. Archived from the original on 2024-06-21. Retrieved 2024-06-20.
  4. ^ "What will a music company look like in 2025?". Music Business Worldwide. 2019-10-14. Archived from the original on 2024-06-21. Retrieved 2024-06-20.
  5. ^ Christman, Ed (2021-05-18). "Publishers Quarterly: 'License' Drives Sony to No. 1 on Hot 100, Universal Rules Airplay". Billboard. Archived from the original on 2023-08-30. Retrieved 2024-06-20.
  6. ^ Christman, Ed (2021-02-19). "Publishers Quarterly: Sony Drops 'ATV' and Stays No. 1 On Songs Charts". Billboard. Archived from the original on 2023-01-31. Retrieved 2024-06-20.
  7. ^ Christman, Ed (2020-11-17). "Publishers Quarterly: Sony/ATV Again Tops Hot 100 and Radio Rankings". Billboard. Archived from the original on 2023-05-21. Retrieved 2024-06-20.
  8. ^ Christman, Ed (2019-08-09). "Publisher's Quarterly: UMPG, Sony/ATV Post Strong Results as Lil Nas X and Jonas Brothers Dominate". Billboard. Archived from the original on 2023-05-21. Retrieved 2024-06-20.
  9. ^ Christman, Ed (2020-02-13). "Publishers Quarterly: Sony/ATV Leads, While Lizzo Lifts Warner Chappell and Kobalt". Billboard. Archived from the original on 2023-06-09. Retrieved 2024-06-20.
  10. ^ Christman, Ed (2018-05-04). "Publishers Quarterly: Big Lead for Sony/ATV at No. 1". Billboard. Archived from the original on 2023-05-21. Retrieved 2024-06-20.
  11. ^ Christman, Ed (2017-08-10). "Publishers Quarterly 2017: UMPG Closes In on Sony/ATV". Billboard. Archived from the original on 2023-06-06. Retrieved 2024-06-20.
  12. ^ Christman, Ed (2018-02-01). "Publishers Quarterly: Sony/ATV Reclaims No. 1 Spot in Fourth Quarter of 2017". Billboard. Archived from the original on 2023-05-21. Retrieved 2024-06-20.
  13. ^ Christman, Ed (2018-11-01). "Publisher's Quarterly: Sony/ATV Widens Lead as Nearest Competitors Lose Ground in Q3". Billboard. Archived from the original on 2024-04-22. Retrieved 2024-06-20.
  14. ^ Brown, Harley (2019-09-30). "Reservoir Founder Golnar Khosrowshahi On the Publisher's Data-First Approach and 'Getting Deeper Into Masters'". Billboard. Archived from the original on 2023-05-21. Retrieved 2024-06-20.
  15. ^ "Golnar Khosrowshahi, Reservoir Media Management Inc: Profile and Biography". Bloomberg Markets. Archived from the original on 2024-06-21. Retrieved 2024-06-20.
  16. ^ SPAC Roth Acquisition II gains on report of talks to take Reservoir Media public Archived 2022-12-25 at the Wayback Machine", “Seekingalpha.com", Mar. 25th, 2021
  17. ^ Heath, Harold (2017-09-26). "Publishing Company Acquires Over 1000 Songs". Vocalizr. Archived from the original on 2023-05-21. Retrieved 2024-06-20.
  18. ^ Garcia, Thania; Aswad, Jem (2023-05-05). "Music Industry Moves: Mike Easterlin Steps Down as Elektra Records Co-President". Variety. Archived from the original on 2023-05-11. Retrieved 2024-06-20.
  19. ^ "'If the livelihood of songwriters is threatened, the music industry as a whole is threatened'". Music Business Worldwide. 2017-01-12. Archived from the original on 2024-02-02. Retrieved 2024-06-20.
  20. ^ "Acquisition of Scott Storch Music Publishing Catalog | Loeb & Loeb LLP". www.loeb.com. Archived from the original on 2024-02-21. Retrieved 2024-06-20.
  21. ^ Christman, Ed (2014-02-24). "Reservoir Acquires First State; Deal Grows Catalog to 75,000 Songs". Billboard. Archived from the original on 2024-06-20. Retrieved 2024-06-20.
  22. ^ "CENTURY MEDIA's Publishing Catalog Acquired By RESERVOIR MEDIA". BLABBERMOUTH.NET. 2017-06-07. Archived from the original on 2023-05-24. Retrieved 2024-06-20.
  23. ^ "Century Media Records' Publishing Catalog Acquired By Reservoir Media". Metal Anarchy. 2017-06-08. Archived from the original on 2023-05-21. Retrieved 2024-06-20.
  24. ^ "Reservoir acquires 16,000 copyrights by bringing Shapiro Bernstein into its portfolio". Music Business Worldwide. 2020-05-15. Archived from the original on 2023-11-28. Retrieved 2024-06-20.
  25. ^ "Reservoir inks joint venture with Atlantic Screen Music to invest in film score and soundtrack projects". Music Business Worldwide. 2020-11-20. Archived from the original on 2024-02-23. Retrieved 2024-06-20.
  26. ^ "Reservoir expands in Middle East via PopArabia partnership | Complete Music Update". Archived from the original on 2024-06-20. Retrieved 2024-06-20.
  27. ^ "Reservoir and PopArabia expand presence in MENA with two new acquisitions in Egypt". Music Business Worldwide. 2023-08-23. Archived from the original on 2024-06-20. Retrieved 2024-06-20.
  28. ^ Aswad, Jem (2019-08-29). "Reservoir Strikes Deal for Chrysalis Records, Blue Raincoat Music". Variety. Archived from the original on 2024-01-19. Retrieved 2024-06-20.
  29. ^ Aswad, Jem (2021-06-04). "Reservoir acquires iconic Tommy Boy Music, groundbreaking Hip-Hop Label, for $100 Million". Variety. Archived from the original on 2021-08-09. Retrieved 2021-08-05.
  30. ^ "Thousands of lost "Philly Sound" funk recordings found and resurrected by Drexel University music department". The Morning Call. 2019-06-27. Archived from the original on 2024-06-21. Retrieved 2024-06-20.
  31. ^ Silva, Marsha (2019-08-30). "Indie Publishing Heavyweight Reservoir Chrysalis, Blue Raincoat". Digital Music News. Archived from the original on 2023-09-29. Retrieved 2024-06-20.
  32. ^ "Reservoir acquires stake in Big Life Management and its publishing company". Music Business Worldwide. 2017-05-30. Archived from the original on 2023-11-29. Retrieved 2024-06-20.
  33. ^ "Music Week Awards 2020 winners revealed". www.musicweek.com. Archived from the original on 2020-09-22. Retrieved 2024-06-20.
  34. ^ "Music Week Awards 2022: All the winners at the biggest ever ceremony". www.MusicWeek.com. Archived from the original on 2022-06-03. Retrieved 2022-06-01.
  35. ^ "Reservoir promotes Rell Lafargue to President and Chief Operating Officer". Music Business Worldwide. 2018-01-11. Archived from the original on 2024-06-21. Retrieved 2024-06-20.
  36. ^ "Rell Lafargue". www.themlc.com. Archived from the original on 2023-11-29. Retrieved 2024-06-20.
  37. ^ "AIMP : Board". www.aimp.org. Archived from the original on 2024-05-25. Retrieved 2024-06-20.
  38. ^ "About". Music Publishers Canada. Archived from the original on 2024-06-20. Retrieved 2024-06-20.
  39. ^ "Reservoir is now a public company on Nasdaq via SPAC merger". Music Business Worldwide. 2021-07-29. Archived from the original on 2021-08-05. Retrieved 2021-08-05.
  40. ^ Aswad, Jem (2021-07-29). "Reservoir Media Begins Trading on NASDAQ". Variety. Archived from the original on 2021-08-05. Retrieved 2021-08-05.
  41. ^ Christman, Ed (2021-04-15). "Reservoir Leading Music Publishing Funds Onto the US Stock Market". Billboard. Archived from the original on 2024-06-20. Retrieved 2024-06-20.
  42. ^ "Reservoir to list on the NASDAQ via SPAC merger with $788m valuation". Music Business Worldwide. 2021-04-14. Archived from the original on 2024-02-25. Retrieved 2024-06-20.
  43. ^ "Reservoir acquires rights in catalog of film-score composer Henry Jackman". MusicBusinessWorldwide.com. 2022-03-22. Archived from the original on 2022-03-25. Retrieved 2022-03-22.
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