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ACCESS Newswire·

Reservoir Media, Inc. Special Committee Retains Financial Advisor and Independent Legal Counsel

RSVR
  • Reservoir Media, Inc. retained Morgan Stanley & Co. LLC as financial advisor & Wachtell, Lipton, Rosen & Katz as legal counsel for its independent special committee.
  • The special committee was formed to evaluate non-binding proposal letters from Irenic Capital Management & from Richmond Hill & Wesbild.
  • Reservoir stated it will not comment on the proposals unless further disclosure is deemed appropriate.
  • The company cautioned that no definitive agreement is assured & no transaction will necessarily be consummated with Irenic, Richmond Hill, Wesbild, or any other party.
  • Reservoir is a New York City-based independent music company with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, & Mumbai.
  • Founded in 2007, Reservoir is the first female-founded & led publicly traded independent music company in the U.S.
  • The company represents copyrights & master recordings dating back to 1900 & holds a Top 10 U.S. market share according to Billboard.
  • Reservoir manages recorded music through Chrysalis Records, Tommy Boy Music, & Philly Groove Records, & manages artists via Blue Raincoat Music & Big Life Management.
  • The press release includes forward-looking statements subject to risks detailed in Reservoir's Form 10-K for the year ended March 31, 2025.