Reservoir Media(NASDAQ) RSVR

Reservoir Media helps creators manage and profit from their music. It buys rights to songs and recordings to earn money from streaming and ads. The company serves songwriters and artists by protecting their creative work.

Songs, Records, and Rights

• Music Publishing: Represents song copyrights for licensing and royalty collection; accounted for 66% of revenue in the year ended March 31, 2026.
• Recorded Music: Manages the original audio versions of songs for distribution and sale; accounted for 29% of revenue in the year ended March 31, 2026.
• Management Services: Provides professional career guidance for musical talent through specialized internal agencies.

Building a Global Catalog

• Acquired the hip-hop record label Tommy Boy in 2021 to expand its ownership of master recordings.
• Established a new subsidiary named PopIndia in Mumbai during 2025 to grow its presence in the Indian market.
• Formed a special committee in 2026 to evaluate buyout proposals from Irenic and Wesbild.
• Purchased various catalogs including rights from Lastrada Entertainment and assets from Fool's Gold Records.

Value Beyond the Hits

Reservoir uses a synchronization team to place its music in movies, television shows, and video games. It also invests in rights management entities like ESMAA to collect royalties in the Middle East and North Africa.

The Performance Scorecard

• Music publishing revenue reached $117 million for the fiscal year ended March 31, 2026.
• Recorded music revenue totaled $52 million for the fiscal year ended March 31, 2026.
• Market capitalization increased 29.2% year-over-year to reach $642.3 million in Q4 2025.
• The company deployed or committed more than $600 million in capital over the five years preceding 2026.

Evolution into an Independent Leader

Reservoir has transitioned from a niche publisher to a global, multi-segment music group. Its growth relies on acquiring diverse song catalogs and expanding into high-growth international regions.