Reservoir Media Revenue Up 6% on Digital, Sync Gains
Snoop Dogg’s new publishing partner increased guidance slightly on its full-year revenue and adjusted EBITDA.
Snoop Dogg’s new publishing partner increased guidance slightly on its full-year revenue and adjusted EBITDA.
Snoop Dogg’s new publishing partner increased guidance slightly on its full-year revenue and adjusted EBITDA.
Hedge fund Irenic Capital Management LP, known as an activist investor, has an 8.1% stake in Reservoir.
Hedge fund Irenic Capital Management LP, known as an activist investor, has an 8.1% stake in Reservoir.
“Legendary artists only need one name,” says Reservoir’s Donna Caseine.
CEO Golnar Khosrowshahi said the company, which beat full-year guidance, expects a boost from “a regular cadence of price increases” from music subscription services.
The Nasdaq-traded company, which went public through a SPAC merger in 2021, plans to raise $100 million in a secondary offering.
The company had $35.5 million in revenue in the fiscal third quarter, including a 15% gain in publishing revenue and a 32% gain in recorded music.
In the final week of 2023, the 20-stock music index gained 1.1% to 1,534.07.
“Merchants of garbage,” live music spending, rosy outlooks and more.
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