Irenic Capital Management Seeks to Engage in a Dialogue with Reservoir Media
December 20, 2023 at 05:07 pm EST
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On December 20, 2023, Irenic Capital Management LP announced that it will seek to engage in a dialogue with Reservoir Media, Inc.'s Board of Directors and/or management about strategic opportunities to maximize shareholder value, including transactions in which Irenic Capital Management may seek to participate and potentially engage in, as an acquirer, investor and/or financing source.
Reservoir Media, Inc. is an independent music company. The Company operates a music publishing business, a record label business, a management business and a rights management entity in the Middle East. The Company operates in two segments: Music Publishing and Recorded Music. Operations of the Music Publishing segment involve the acquisition of interests in music catalogs, from which royalties are earned, as well as signing songwriters to agreements. Operations of the Recorded Music segment involves the acquisition of sound recording catalogs, as well as the discovery and development of recording artists and the marketing, distribution, selling and licensing of the music catalogs. Its publishing catalog includes compositions written and performed by Joni Mitchell, The Isley Brothers, Billy Strayhorn, Hoagy Carmichael and John Denver. Its songwriters include James Fauntleroy, Ali Tamposi, Jamie Hartman and Oak Felder.
RESERVOIR MEDIA, INC. 
