Reservoir Media, Inc. Reports Earnings Results for the Full Year Ended March 31, 2024
May 31, 2024 at 01:36 am IST
Share
Reservoir Media, Inc. reported earnings results for the full year ended March 31, 2024. For the full year, the company reported sales was USD 144.86 million compared to USD 122.29 million a year ago. Net income was USD 0.644937 million compared to USD 2.54 million a year ago.
Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.04 a year ago.
Reservoir Media, Inc. is an independent music company. The Company operates a music publishing business, a recorded music business, a management business and a rights management entity in the Middle East. It operates through two segments: Music Publishing and Recorded Music. Operations of the Music Publishing segment involve the acquisition of interests in music catalogs, from which royalties are earned, as well as signing songwriters to agreements. Operations of the Recorded Music segment involves the acquisition of sound recording catalogs, as well as the discovery and development of recording artists and the marketing, distribution, selling and licensing of the music catalogs. Its publishing catalog includes compositions written and performed by Joni Mitchell, The Isley Brothers, Billy Strayhorn, Hoagy Carmichael and John Denver. Its songwriters include Ali Tamposi, Jamie Hartman, Oak Felder, and Steph Jones. It represents over 150,000 copyrights and 36,000 master recordings.
RESERVOIR MEDIA, INC. 
