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Reservoir Media Revenue Up 10% on Subscription, Sync Gains in Latest Quarter
Reservoir Media's reported earnings in Q4 showed that revenue was up 10% to $41.4 million on gains in subscriptions and sync.
Reservoir Media wrapped up earnings season on Wednesday (May 28) by announcing that its revenue rose 10% to $41.4 million in the fiscal fourth quarter ended March 31. It also acquired the publishing catalog of Lebo M, Lastrada Entertainment, Big D Evans and Billy Strange, and purchased the produce royalties of Jack Douglas (Aerosmith, Cheap Trick). This month, Reservoir Media announced its PopIndia subsidiary acquired the publishing and master rights of Musicraft Entertainment, which spans decades of Indian music.
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