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Reservoir Media Full-Year Revenue Hits $145M on Acquisitions, Subscription Price Hikes

Reservoir Media earnings saw revenue hit $145M on acquisitions and more, with catalog purchases including members of The Spinners and Rudy Perez.

Among the company’s catalog purchases during the fiscal year were four members of R&B group The Spinners, Latin music artist Rudy Perez, hip-hop producer Mannie Fresh and 2Pac collaborator Big D Evans. CFO Jim Heindlmeyer said the “improvement is largely derived from higher royalty rates and price increases at multiple music streaming services, as well as the expansion of our catalog through M&A.” Recorded music revenue grew 22% to $42.4 million in the full fiscal year largely due to price increases at subscription services and the timing of Reservoir Media’s release schedule, Heindlmeyer said.

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