Reservoir, best known for its publishing company, has acquired U.K.-based music company Blue Raincoat Music and its subsidiary Chrysalis Records, it was announced Thursday (Aug. 29).
has departed his role as director of the company in the wake of the Reservoir deal. Blue Raincoat’s management and publishing arms will continue operating as separate entities and will not be affected by the deal.
“We are very excited to explore ways in which both companies can benefit from each other’s skills, knowledge, and experience,” said Lascelles, “and we believe this is a fantastic opportunity for Blue Raincoat, Chrysalis Records, and Reservoir as we collectively look to harness the growth in the music business, take advantage of our shared expertise, and forge ahead with a comprehensive offering for our joint roster of artists and songwriters.
Millar noted that Blue Raincoat’s distribution deal with Kobalt/AWAL will remain in place, adding “we will look to reignite that relationship with our new partners in Reservoir.
Reservoir was founded in 2007 and now represents over 110,000 copyrights and 26,000 master recordings. The publisher finished in eighth place in Billboard’s
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chrissie Hynde Turns Out Jazzy, Trippy Version of a Kinks Deep Cut: Premiere.ChrissieHynde is no stranger to TheKinks' catalog
Read more »
Music Moguls of the Year: Beyoncé and Jay-Z Make Records and Break Them“Damn, look at us now … we came, and we saw, and we conquered it all,” the music industry’s ultimate power couple proselytize on “LoveHappy,” the song that caps their 2018 Grammy-winning albu…
Read more »
BMG Revenue Up Double-Digits in First Half of 2019, Driven By Digital GrowthBMG garnered €49 million euros ($55.7 million) in earnings before interest, taxes, depreciation and amortization (EBITDA) on revenues of €269 million ($305.8 million) for the six-month period ended June 30, 2019, according to the company's earnings announcement.
Read more »
Record Labels File Copyright Lawsuit Against Internet Provider RCNSeventeen record labels have joined together to sue internet service provider RCN Corporation alleging the company facilitated, allowed and profited from widespread copyright infringement of music on its platform.
Read more »
12 Records That Were Set at the 2019 VMAsThere were surprises, as always, at the 2019 Video Music Awards. Here are 12 records that were set along the way.
Read more »
How Vewd: Vevo Links With Tech Company to Bring Music Videos to Smart TVs
Read more »