Reservoir Media, Inc. Maintains Financial Guidance for the Year Ending March 31, 2024
August 02, 2023 at 08:00 am EDT
Share
Reservoir Media, Inc. maintains its previously provided financial outlook range for fiscal year 2024, and expects the financial results for the year ending March 31, 2024. For the period, the company expects Revenue in the range of $127 Million - $132 Million and growth range to be 6%.
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. 
