Company Overview: Reservoir Media, Inc.

Business Activities

Reservoir Media, Inc. is an independent global music company engaged in multiple facets of the music entertainment industry, including:

• Music Publishing: Owning and administering rights to a vast catalog of musical compositions and publishing rights.
• Recorded Music: Marketing, distributing, and licensing sound recordings through various labels and catalogs.
• Management: Providing management services for artists and songwriters.
• Rights Management in MENA: Operating a rights management entity in the Middle East.

Segments & Revenue

• Music Publishing:
  • Contributed approximately $107.4 million in revenue for the fiscal year ended March 31, 2025.
  • Represents 68% of total revenues.
  • Catalog includes historic compositions by artists like Joni Mitchell, The Isley Brothers, Sonny Rollins, Louis Prima, John Denver.
  • Represents contemporary writers such as Snoop Dogg, Sheryl Crow, Killer Mike, and active songwriters like Ali Tamposi, Jamie Hartman, Oak Felder, Steph Jones.
• Recorded Music:
  • Contributed approximately $44.3 million in revenue for the same period.
  • Represents 28% of total revenues.
  • Includes assets from Chrysalis Records LTD, Tommy Boy Music, Reservoir Recordings, and various labels like Philly Groove Records, Amherst Records, AVCO Records, Jamdown Records, etc.
  • Catalog features recordings by De La Soul, Queen Latifah, Ben Harper, Sinéad O’Connor, Coolio, Louis Prima, The Spinners.

Employees

• As of March 31, 2025, the company employed approximately 100 persons worldwide.
• Staff includes full-time, part-time, and temporary employees across various international offices (U.S., U.K., Canada, Middle East).
• No U.S. employees are subject to a collective bargaining agreement.

Business History & Growth Strategy

• Founded in 2007.
• Focused on long-term rights ownership and catalog acquisitions.
• Notable acquisitions:
  • TVT Music Publishing (2010)
  • Philly Groove Records (2010)
  • Reverb Music (2012)
  • FS Media catalog (2014)
  • Hans Zimmer’s film score royalties (2015)
  • Blue Raincoat Music Ltd and Chrysalis Records (2019)
  • Hearts Bluff and Shapiro Bernstein catalogs (2020)
  • Tommy Boy Records (2021)
  • Stake in PopArabia (2020), a regional rights management and artist development platform in the Middle East.
• Deployed approximately $640 million in capital over the past five years on acquisitions and strategic deals.

Market & Industry Position

• Operates in a thriving industry with global music revenues reaching $29.6 billion in 2024, up 4.8%.
• Revenue from streaming is a major driver:
  • Streaming accounted for 69% of global revenues in 2024.
  • Over 752 million music subscribers worldwide, generating approximately $15.1 billion in streaming revenue.
• Focus on emerging markets, especially MENA and Sub-Saharan Africa, which experienced rapid growth in 2024.

Business Focus

• Diversified rights portfolio spanning over a century, incorporating iconic and contemporary artists.
• Emphasizes digital licensing, sync licensing, and rights management.
• Invests in new talent, actively expands its songwriter and artist roster.
• Leverages regional expertise with offices across Los Angeles, New York, London, Toronto, Abu Dhabi.

Summary

Reservoir Media, Inc. is a diversified, independent music rights owner and manager with substantial revenues from music publishing and recorded music, employing approximately 100 people globally. It has a strategically acquired extensive music catalog, including historically significant and contemporary works, and is positioned for growth through acquisitions, international expansion, and digital licensing initiatives.