"We’re not some financial firm that sits back and is waiting for the income to come in, we’re very active in management," says co-founder Lior Tibon.
CEO Golnar Khosrowshahi says Reservoir's strategy is "to become the largest holder of Arabic music copyrights."
The Billboard Global Music Index fell 1.9% this week as 15 of its 21 stocks were in negative territory.
MSG Entertainment shares were up more than 19% this week, while CTS Eventim and Live Nation were also among the best-performing stocks.
The radio company's shares haven't closed above $1 per share since July 2022.
The radio company's shares were boosted by an announcement of a $10 million share repurchase.
Executives say a soft release schedule dampened revenue growth in the last two quarters. Data suggests the next two quarters will be better.
Slow quarter for new releases puts a drag on streaming revenue, but recent Ed Sheeran and Jack Harlow albums could boost WMG's second half.
The fund launches with initial stakes in OpenAI, Anthropic and StabilityAI.
The pay bump, which includes a signing bonus and a performance bonus, comes amid a rocky time for the company.
