Reservoir Media, Inc.

Reservoir Media, Inc.

Business overview

Reservoir is an independent music company with three lines of business: music publishing, recorded music, and artist/creator management. The company grows through acquisitions, expanding writer and artist rosters, and building a global distribution and licensing platform.

Reportable segments

• Music Publishing: owns, administers, and licenses musical compositions.
• Recorded Music: markets, distributes, and licenses master recordings; owns or controls recording assets and label interests.

Revenue by segment (fiscal year ended March 31, 2026)

• Music Publishing: approximately $117 million (~66% of total revenues)
• Recorded Music: approximately $52 million (~29% of total revenues)
• The two segments together account for about 95% of total revenues.

Catalogs and notable assets

• Deep catalog spanning works back to the early 1900s.
• Historic writers/artists represented: Joni Mitchell, Miles Davis, The Isley Brothers, Sonny Rollins, Louis Prima.
• Contemporary writers/artists: Snoop Dogg, Sheryl Crow, Killer Mike.
• Active songwriter roster includes Ali Tamposi, Jamie Hartman, Oak Felder, Steph Jones; songs performed by Ariana Grande, Sabrina Carpenter, SZA, Dua Lipa, and others.
• Recorded music assets and labels: Chrysalis Records, Tommy Boy, Reservoir Recordings; catalogs such as Philly Groove Records, Amherst Records, AVCO Records, Jamdown Records, Off Road Records, Easy Street Records, New State Music.
• Artists and catalogs in recorded music: De La Soul, Queen Latifah, The Delfonics, Sinéad O’Connor, Coolio, Louis Prima, The Spinners, and others.

Acquisitions and expansion highlights

• 2010: TVT Music Publishing
• 2012: Reverb Music
• 2014: FS Media catalogs (including Sheryl Crow, John Denver, Billy Strayhorn, Evanescence, Creed)
• 2015: Hans Zimmer film scores portfolio
• 2019: Blue Raincoat Music Ltd and Chrysalis Records (London-based)
• 2020: Hearts Bluff and Shapiro Bernstein catalogs; controlling stake in PopArabia
• 2021: Tommy Boy label
• 2025: PopIndia subsidiary in Mumbai, India
• 2020s: ESMAA (UAE rights management) and continued MENA/India regional expansion

Global footprint and strategy

• Headquarters: New York, NY (200 Varick Street, Suite 801)
• International offices and presence: Nashville, Los Angeles, Toronto, London, Abu Dhabi, Mumbai
• Regional initiatives: invested in PopArabia (2020) to develop MENA rights management and catalogs; launched PopIndia (2025) in Mumbai to develop talent and catalogs in India
• Strategic focus: growth in emerging markets (MENA, India, Latin America) and expansion of digital licensing and synchronization opportunities

Distribution, licensing and partnerships

• Distribution partners include Proper, Alliance, and MERLIN.
• Direct licensing relationships with major digital platforms (examples: TikTok, Meta, Snap).
• Revenue mix includes streaming and digital, alongside physical and analog formats.
• Core royalty streams: synchronization, performance, digital, and mechanical.

People and corporate information

• Employees: approximately 100 worldwide (as of March 31, 2026).
• Corporate offices: New York (HQ), Nashville, Los Angeles, Toronto, London, Abu Dhabi, Mumbai.
• Reservoir operates as a public company; SEC filings are available.

Financial and capital structure

• Senior Credit Facility: revolving commitment of up to $550 million, maturity December 2027.
• Outstanding warrants (as of March 31, 2026): 5,750,000 Public Warrants and 137,500 Private Warrants, exercisable at $11.50 per share.
• Disclosures reference debt service, refinancing risk, and potential dilution from warrant exercises.

Corporate governance and structure

• Operations conducted through global offices and multiple subsidiaries/sub-publishers to administer and monetize publishing and recording catalogs.
• Strategic priorities include acquisitions, maintaining active songwriter and artist rosters, and vertical integration across publishing, recordings, and management services.