Snoop Dogg’s new publishing partner increased guidance slightly on its full-year revenue and adjusted EBITDA.
"Her incomparable voice and music are a gift to the world," says Reservoir CEO — and fellow Canadian — Golnar Khosrowshahi.
"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.
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.
MC Altaf, D'Evil and Stunnah Beatz are longtime collaborators of DIVINE.
The group's classic catalog is set to arrive on DSPs on March 3, following a 2021 deal with Reservoir Media.
In a deal that includes both rights to Prima's masters and publishing, Reservoir now holds shares of classics like "Sing, Sing, Sing" and "Pennies from Heaven."
