Reservoir Media

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Reservoir Media
Reservoir Media logo.jpg
Founded2007 (2007)
FounderGolnar Khosrowshahi
Country of originUnited States
LocationNew York City, New York
Official websitewww.reservoir-media.com

Reservoir Media (also known as Reservoir Media Management, Reservoir,[1] Reservoir Holdings, Inc.,[2][3] NASDAQ: RSVR) is an independent music company based in New York City with additional offices in Los Angeles, Nashville,[4] Toronto, London, and Abu Dhabi.[5]

In 2021,[6][7] 2020,[8] 2019,[9][10] 2018 [11] and 2017 [12][13] Reservoir was included in Billboard (magazine)’s [14] Publisher's Quarterly Top 10 Market Share.

History[edit]

Reservoir was founded in 2007 as a Music Publishing Company by Iranian-Canadian Golnar Khosrowshahi,[15][16] who is the current CEO.[17] Khosrowshahi was named to Billboard’s Power List in 2020 and 2022, and was honored as one of Billboard’s Most Powerful Female Executives in 2017, 2018 and 2019 and a Billboard Indie Power Player in 2017 and 2018.[18][19][20][21] Additionally, in 2022, Billboard announced she would receive the Executive of the Year Award at their annual Women In Music Awards.[22]

Khosrowshahi is the daughter of Hassan Khosrowshahi,[23] an investor, and philanthropist, and is the cousin of Dara Khosrowshahi,[24] the current CEO of Uber.

Reservoir owns over 140,000 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,[25] Camila Cabello, Bruno Mars, Cardi B and Thomas McClary (musician) of The Commodores.[26] The company's roster of active writers and producers includes Levi Hummon,[27] 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 (2000 film) and The Dark Knight (film) Trilogy created by composer-producer Hans Zimmer.

The company expanded in 2010 acquiring TVT Music Enterprises [28] (its roster including Scott Storch,[29] Lil Jon and The Cinematics), Reverb Music in 2012, P&P Songs in 2013, First State Media Group (from BMG Rights Management) in 2014,[30] Century Media's songwriters[31] in 2017,[32] Chrysalis Records in 2019, Shapiro Bernstein[33] and Atlantic Screen Music [34] in 2020.

Reservoir also has a partnership with PopArabia,[35] founded by Spek[36] who serves as Reservoir's EVP of International & Emerging Markets.

The company also represents recorded music through Chrysalis Records,[37] Tommy Boy Records,[38] and Philly Groove Records[39] and manages artists with Blue Raincoat Music [40] and Big Life Management.[41]

Reservoir was named Publisher of the Year Award at Music Business Worldwide’s The A&R Awards in 2017 and 2019. The company also won Music Week’s [42] Independent Publisher of the Year in 2020.

Reservoir’s President [43] and COO, Rell Lafargue also serves on the board of directors for the Mechanical Licensing Collective (MLC),[44] the Association of Independent Music Publishers (AIMP),[45] and Music Publishers Canada (MPC).[46]

In 2021, Reservoir also became a publicly traded company,[47][48] 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.[49][50][51][52]

in March 2022, Reservoir acquired rights in the catalog of the film score composer, Henry Jackman.[53]

References[edit]

  1. ^ RESERVOIR MUSIC PUBLISHER, RECORD LABEL", musicbusinessworldwide.com
  2. ^ Reservoir Holdings, Inc., a Leading Independent Music Company, to List on NASDAQ Through Merger with Roth CH Acquisition II Co.", “Yahoo.com", April 14th, 2021
  3. ^ Reservoir Music Rights Company to List on NASDAQ With $788 Million Valuation", “Variety.com", April 14th, 2021
  4. ^ Reservoir Doubles Down on Country Music With Newly Opened Nashville Office", “Variety.com", April 2nd, 2019
  5. ^ WHAT WILL A MUSIC COMPANY LOOK LIKE IN 2025?", “Musicbusinessworldwide.com", Oct. 14th, 2019
  6. ^ Publishers Quarterly: 'License' Drives Sony to No. 1 on Hot 100, Universal Rules Airplay", “Billboard.com", May. 18th, 2021
  7. ^ Publishers Quarterly: Sony Drops 'ATV' and Stays No. 1 On Songs Charts", “Billboard.com", Feb. 19th, 2021
  8. ^ Publishers Quarterly: Sony/ATV Again Tops Hot 100 and Radio Rankings", “Billboard.com", Nov. 17th, 2020
  9. ^ Publisher's Quarterly: UMPG, Sony/ATV Post Strong Results as Lil Nas X and Jonas Brothers Dominate", “Billboard.com", Aug. 9th, 2019
  10. ^ Publishers Quarterly: Sony/ATV Leads, While Lizzo Lifts Warner Chappell and Kobalt", “Billboard.com", Feb. 13th, 2020
  11. ^ Publishers Quarterly: Big Lead for Sony/ATV at No. 1", “Billboard.com", May. 4th, 2018
  12. ^ Publishers Quarterly 2017: UMPG Closes In on Sony/ATV", “Billboard.com", Aug. 10th, 2017
  13. ^ Publishers Quarterly: Sony/ATV Reclaims No. 1 Spot in Fourth Quarter of 2017", “Billboard.com", Feb. 1st, 2018
  14. ^ Publisher's Quarterly: Sony/ATV Widens Lead as Nearest Competitors Lose Ground in Q3", “Billboard.com", Nov. 1st, 2018
  15. ^ Reservoir Founder Golnar Khosrowshahi On the Publisher's Data-First Approach and 'Getting Deeper Into Masters", “Billboard.com", Sept. 30th, 2019
  16. ^ Golnar Khosrowshahi", “Huffingtonpost.ca"
  17. ^ Golnar Khosrowshahi CEO/Founder, Reservoir Media Management Inc", “Bloomberg.com"
  18. ^ N/a (December 19, 2019). "Reservoir's Golnar Khosrowshahi Confirmed as NY:LON Connect 2020 Publishing Track Keynote". Music Business Association.
  19. ^ N/a (December 13, 2018). "Reservoir CEO Golnar Khosrowshahi Named One of Billboard's Most Powerful Female Executives of 2018 | Persis". Persis Holdings Ltd.
  20. ^ N/a (January 23, 2020). "The 2020 Billboard Power List Revealed". Billboard.
  21. ^ Billboard Staff (2022-01-26). "The 2022 Billboard Power List Revealed". Billboard. Retrieved 2022-01-27.
  22. ^ Aniftos, Rania (2022-01-27). "Billboard's 2022 Women In Music Awards to Honor Bonnie Raitt, Doja Cat, Karol G & More". Billboard. Retrieved 2022-01-27.
  23. ^ Hassan Khosrowshahi Family leader", “Iran-times.com", Mar. 15th, 2019
  24. ^ Uber CEO Dara Khosrowshahi is part of a family of impressive tech leaders, founders, and CEOs — here's who they are", “Insider.com", April. 11th, 2019
  25. ^ SPAC Roth Acquisition II gains on report of talks to take Reservoir Media public", “Seekingalpha.com", Mar. 25th, 2021
  26. ^ Publishing Company Acquires Over 1000 Songs", “Vocalizr.com", Sept. 26th, 2017
  27. ^ Reservoir Announces Signing of Rising Country Singer-Songwriter Levi Hummon to a Worldwide Publishing Deal", “Bakersfield.com", May. 7th, 2021
  28. ^ ‘IF THE LIVELIHOOD OF SONGWRITERS IS THREATENED, THE MUSIC INDUSTRY AS A WHOLE IS THREATENED’", “Musicbusinessworldwide.com", Jan. 12th, 2017
  29. ^ Acquisition of Scott Storch Music Publishing Catalog", “Loeb.com"
  30. ^ https://assets.billboard.com/articles//5915626/reservoir-acquires-first-state-deal-grows-catalog-to-75000-songs
  31. ^ CENTURY MEDIA's Publishing Catalog Acquired By RESERVOIR MEDIA", “Blabbermouth.net", June 7th, 2017
  32. ^ Century Media Records’ Publishing Catalog Acquired By Reservoir Media", “Metalanarchy.com", June 7th, 2017
  33. ^ RESERVOIR ACQUIRES 16,000 COPYRIGHTS BY BRINGING SHAPIRO BERNSTEIN INTO ITS PORTFOLIO", “Music Business Worldwide", May. 15th, 2021
  34. ^ RESERVOIR INKS JOINT VENTURE WITH ATLANTIC SCREEN MUSIC TO INVEST IN FILM SCORE AND SOUNDTRACK PROJECTS", “Music Business Worldwide", Nov. 20th, 2020
  35. ^ Reservoir expands in Middle East via PopArabia partnership", “Completemusicupdate.com", Feb. 26th, 2020
  36. ^ Reservoir partners with PopArabia; Announces Spek to lead international and emerging markets strategy", “Recordoftheday.com", Feb. 26th, 2020
  37. ^ Reservoir Strikes Deal for Chrysalis Records, Blue Raincoat Music", “Variety.com”, Aug. 29th, 2019
  38. ^ Aswad, Jem (2021-06-04). "Reservoir Acquires Iconic Tommy Boy Music, Groundbreaking Hip-Hop Label, for $100 Million". Variety. Retrieved 2021-08-05.
  39. ^ Thousands of lost “Philly Sound” funk recordings found and resurrected by Drexel University music department", “Mcall.com”, June 27th, 2019
  40. ^ Indie Publishing Heavyweight Reservoir Ropes Chrysalis, Blue Raincoat", “Digitalmusicnews.com”, Aug 30th, 2019
  41. ^ RESERVOIR ACQUIRES STAKE IN BIG LIFE MANAGEMENT AND ITS PUBLISHING COMPANY", “Musicbusinessworldwide.com”, May 30th, 2017
  42. ^ Music Week Awards 2020 winners revealed", “Musicweek.com”, Sept. 21st, 2020
  43. ^ RESERVOIR PROMOTES RELL LAFARGUE TO PRESIDENT AND CHIEF OPERATING OFFICER", “Musicbusinessworldwide.com”, Jan. 11th, 2018
  44. ^ Rell Lafargue President and Chief Operating Officer Reservoir", “Themlc.com”
  45. ^ Los Angeles Chapter Board: Officers and Directors", “Aimp.org”
  46. ^ 2020-2022 Music Publishers Canada Board", “Musicpublisher.ca”
  47. ^ "Reservoir is now a public company on Nasdaq via SPAC merger". Music Business Worldwide. 2021-07-29. Retrieved 2021-08-05.
  48. ^ Aswad, Jem (2021-07-29). "Reservoir Media Begins Trading on NASDAQ". Variety. Retrieved 2021-08-05.
  49. ^ Reservoir Leading Music Publishing Funds Onto the US Stock Market", “Billboard.com”, April. 14th, 2021
  50. ^ Investor Presentation”, “Sec.gov”
  51. ^ RESERVOIR TO LIST ON THE NASDAQ VIA SPAC MERGER WITH $788M VALUATION", “Music Business Worldwide”, April. 14th, 2021
  52. ^ Reservoir Holdings, Inc., a Leading Independent Music Company, to List on NASDAQ Through Merger with Roth CH Acquisition II Co.", “Streetinsider.com”, April. 14th, 2021
  53. ^ "Reservoir acquires rights in catalog of film score composer Henry Jackman". Music Business Worldwide. 2022-03-22. Retrieved 2022-03-22.