Reservoir Media, Inc. Provides Revenue Guidance for Fiscal Year 2024
February 07, 2024 at 07:00 am EST
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Reservoir Media, Inc. provided revenue guidance for fiscal year 2024. For the period, the company expects Revenue in the range of $140 million - $142 million and growth range to be 15%.
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. 
