Reservoir Media Inc (RSVR) News

120 million in annual sales guidance 64 million OS, should stay above $2.00 per share minimum imo until they can increase sales

Close at 7.50 gap and then increase to ATH imo, like the amount of copyrights they have:

“ Reservoir Acquires Hit Songs by Platinum-Selling Writer-Producer Dallas Austin
November 18 2021 - 08:00AM
GlobeNewswire Inc.

Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced the acquisition of hit songs by Platinum-selling songwriter and producer Dallas Austin. In recognition of his contributions to the music industry, Austin was inducted into the Songwriters Hall of Fame in 2019.
Austin’s catalog spans several decades and includes hit songs such as Boyz II Men’s “Motownphilly,” several hits off Madonna’s 3x-Platinum selling Bedtime Stories, Gwen Stefani’s “Cool,” P!nk’s “Just Like a Pill” and “Don’t Let Me Get Me,” Michael Jackson’s “2 Bad,” and many more. Austin also notably collaborated on five tracks off TLC’s debut album Ooooooohhh... On the TLC Tip, including singles “Ain’t 2 Proud 2 Beg” and “What About Your Friends.” He went on to contribute to two Hot 100 #1’s for the group, writing and producing 1994’s Platinum-selling “Creep,” and co-writing and producing 1999’s “Unpretty.”

"Dallas Austin is a legendary producer with legacy songs,” stated Austin’s catalogue manager Liz Garner of Garner Group Music. “I knew if we were going to find a partner for these hit songs, it would have to be with someone we could build with in the future. Reservoir was the one.”

Reservoir EVP, A&R and Catalog Development Faith Newman added, “Dallas’ catalog is deep with great cuts, and we are so happy to bring some of his fantastic music to Reservoir. We look forward to continuing his music’s legacy.”
”

“8:34a ET 10/14/2021 - Dow Jones
Press Release: Reservoir Invests in Audio Entertainment Company Audio Up, Inc.
Mentioned: RSVR
Reservoir Invests in Audio Entertainment Company Audio Up, Inc.

NEW YORK, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, announces an investment in audio entertainment company and podcast content production studio Audio Up. As one of the key contributions in Audio Up's $12 million Series B close, Reservoir's investment will help Audio Up further build their ecosystem of premium entertainment content within the music and audio space. In addition, Reservoir and Audio Up are working together on collaborative audio entertainment projects using Reservoir's catalog of copyrights.

Established in 2020 by Jared Gutstadt, founder of the Jingle Punks creative music agency and Adweek's 2020 Podcast Innovator and Producer of the Year, Audio Up is a podcast content production studio that has built a slate of distinctive, original scripted audio entertainment featuring marquee names across music (Machine Gun Kelly, 24kGoldn, Miranda Lambert, Nelly), Hollywood (Anthony Anderson, Garrett Hedlund, Jason Alexander, Shea Whigham, Gael Garcia Bernal, Taye Diggs) publishing (James Ellroy, Stephen King), and more. Unscripted properties include the riveting top 20-crime podcast Where The Bodies Are Buried, and Michael Cohen's chart-topping podcast Mea Culpa.

Reservoir joins an impressive list of investors across the entertainment and advertising industries including SiriusXM, multi-platinum recording artist The Weeknd, music executive Wassim "Sal" Slaiby, music manager Larry Rudolph, eOne CEO Darren Throop, founder of Draft FCB and Peloton board member Howard Draft, CEO of gaming/lifestyle giant FaZe Clan Lee Trink, Jordan Levy and Sacha Robles.

Reservoir Founder and CEO Golnar Khosrowshahi said, "This transformative collaboration marks another key moment in Reservoir's evolution, as we further redefine our business as the business of listenership. Jared and Audio Up are creating innovative storytelling experiences through music and we are looking forward to all of the opportunities this creates for listeners and rights holders alike."

"Our business is a business of firsts," said Audio Up Founder and CEO Jared Gutstadt. "And Reservoir's investment truly looks towards the future of audio entertainment, bringing to life the Reservoir catalog for a brand-new audience. This partnership underscores how important audio media is to the music rights holders across the media landscape as it drives listenership to new levels. Reservoir intrinsically understands this model and the unique advantage of being a music publishing and masters platform embedded within the podcast/audio media space."

ABOUT RESERVOIR

Reservoir Media, Inc. is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, and Abu Dhabi. Reservoir is the first U.S.-based publicly traded independent music company and the first female founded and led publicly traded music company in the U.S. Founded as a family-owned music publisher in 2007, Reservoir has grown to represent over 130,000 copyrights and 36,000 master recordings with titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir holds a regular Top 10 U.S. Market Share according to Billboard's Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide's The A&R Awards, and won Independent Publisher of the Year at the 2020 Music Week Awards.

Reservoir also represents a multitude of recorded music through Chrysalis Records, Tommy Boy Records, and Philly Groove Records and manages artists through its ventures with Blue Raincoat Music and Big Life Management.

ABOUT AUDIO UP

Audio Up is an audio content production studio, housing a world of infinite, audio-based properties. Headed by Audio Up CEO and Adweek's 2020 Podcast Innovator of the Year and Podcast Producer of the Year recipient, Jared Gutstadt (formerly of the Jingle Punks), Audio Up is building an ecosystem of premium entertainment content within the music and audio space. From fictional scripted podcasts, which include a Marvel-like universe of musicals, where the records themselves become the story foundation, to one-on-one interview formats, Audio Up's goal is to create a new and innovative form of IP. They are bringing audio blockbusters to life and taking this media from black and white, into technicolor. Current properties include the riveting top 20 crime podcast Where The Bodies Are Buried, Michael Cohen's new chart-topping podcast Mea Culpa, and recent Webby honoree in Podcasts: Interview/Talk Show, Going to Bed with Garcelle with Garcelle Beauvais. Scripted projects include 2021 Webby nominee Make It Up As We Go with Scarlett Burke, Miranda Lambert, Lindsay Ell and other huge country entertainment; recent Webby honoree for Best Limited Entertainment Series Podcast Halloween in Hell with Machine Gun Kelly, 24kGoldn and iann dior; and Strawberry Spring, the first ever adaptation of the classic short story by Stephen King, and current number one trending podcast globally, according to charitable, starring Garrett Hedlund and Milo Ventimiglia.
“

RSVR is a major media company and has amazing potential for massive SP increase, chart primed imo

“Business Combination

On April 14, 2021, Reservoir entered into a definitive merger agreement with ROCC, a publicly traded special purpose acquisition company with $115 million in the Trust Account. The transaction was funded by a combination of ROCC’s cash held in the Trust Account (after any redemptions by its public stockholders in connection with consummation of the Business Combination), a full equity roll-over from existing Reservoir’s stockholders and proceeds from the PIPE Investment in the amount of $150 million of ROCC Common Stock at $10.00 per share that closed concurrently with the consummation of the Business Combination. The board of directors of Reservoir and the ROCC Board have unanimously approved the Business Combination. The Business Combination was approved by the ROCC’s stockholders on July 27, 2021 and was consummated on July 28, 2021 and will be accounted for as a reverse recapitalization, with Reservoir determined to be the accounting acquirer.”

https://www.otcmarkets.com/stock/ROCC/disclosure