Reservoir Media, Inc. (RSVR): Business Model Canvas

In der dynamischen Welt der Musikrechte und des geistigen Eigentums entwickelt sich Reservoir Media, Inc. (RSVR) zu einem Kraftpaket strategischer Innovationen und verändert die Art und Weise, wie Musikkataloge in globalen Unterhaltungslandschaften verwaltet, monetarisiert und genutzt werden. Durch die meisterhafte Überbrückung der Kluft zwischen Künstlern, Verlagen und digitalen Plattformen hat dieses zukunftsorientierte Unternehmen ein ausgeklügeltes Geschäftsmodell entwickelt, das musikalische Kreativität in eine robuste Multi-Stream-Umsatzmaschine verwandelt. Tauchen Sie ein in das komplexe Business Model Canvas, das zeigt, wie Reservoir Media musikalische Kunst in ein strategisches Geschäftsökosystem verwandelt.

Reservoir Media, Inc. (RSVR) – Geschäftsmodell: Wichtige Partnerschaften

Musikverlage und Plattenfirmen

Reservoir Media unterhält strategische Partnerschaften mit folgenden Musikverlagen und Plattenfirmen:

Partner	Einzelheiten zur Partnerschaft	Kataloggröße
Sony Music Publishing	Globale Katalogverwaltung	Über 250.000 Lieder
Universal Music Publishing Group	Zusammenarbeit bei der Rechteverwaltung	Ungefähr 200.000 Kompositionen

Unabhängige Künstler und Songwriter

Reservoir Media arbeitet durch gezielte Partnerschaften mit unabhängigen Kreativen zusammen:

• Aktive Liste von über 500 unabhängigen Künstlern
• Jährliche Investition in die Akquisition neuer Künstler: 15 Millionen US-Dollar
• Lizenzvorschüsse zwischen 50.000 und 500.000 US-Dollar

Digitale Streaming-Plattformen

Plattform	Umsatzbeteiligung	Monatlich aktive Benutzer
Spotify	85 % der Streaming-Einnahmen	456 Millionen Nutzer
Apple-Musik	80 % der Streaming-Einnahmen	80 Millionen Abonnenten

Unterhaltungs- und Medienunternehmen

Zu den wichtigsten strategischen Medienpartnerschaften gehören:

• Netflix: 2,3 Millionen US-Dollar an Lizenzeinnahmen
• HBO: 1,7 Millionen US-Dollar an Synchronisationsrechten
• Amazon Prime-Video: 1,5 Millionen US-Dollar an Musikvermittlungsgebühren

Firmen zum Erwerb von Musikrechten

Akquisitionspartner	Gesamtinvestition	Kataloggröße erworben
Primärwelle	50 Millionen Dollar	1.200 Musikkompositionen
Hipgnosis Songs Fund	35 Millionen Dollar	850 Musikwerke

Reservoir Media, Inc. (RSVR) – Geschäftsmodell: Hauptaktivitäten

Verwaltung und Erwerb von Musikrechten

Ab 2024 verwaltet Reservoir Media einen Katalog mit rund 140.000 Kompositionen und 36.000 Masteraufnahmen. Das Unternehmen erwarb im letzten Geschäftsjahr 4.200 neue Kompositionen und investierte 42,3 Millionen US-Dollar in den Erwerb von Musikrechten.

Metrisch	Wert
Gesamtkompositionen	140,000
Gesamtzahl der Masteraufnahmen	36,000
Jährliche Investition in den Erwerb von Rechten	42,3 Millionen US-Dollar
Neue Kompositionen erworben	4,200

Musikveröffentlichung und Lizenzierung

Reservoir Media generiert Lizenzeinnahmen über mehrere Plattformen und Gebiete hinweg. Im Jahr 2023 wickelte das Unternehmen 127.500 einzelne Lizenztransaktionen mit einem Gesamtlizenzumsatz von 68,4 Millionen US-Dollar ab.

• Lizenzierung digitaler Streaming-Plattformen
• Lizenzierung von Film- und Fernsehsynchronisationen
• Kommerzielle und Werbelizenzierung
• Internationale Gebietslizenzierung

Katalogentwicklung und -erweiterung

Das Unternehmen erweiterte seinen Katalog strategisch durch gezielte Akquisitionen in verschiedenen Genres. Im Jahr 2023 fügte Reservoir Musik von 87 neuen Künstlern und Songwritern hinzu, die verschiedene Musikstile repräsentieren.

Katalogerweiterungsmetriken	Daten für 2023
Neue Künstler hinzugefügt	87
Genrevielfalt	Mehrere Genres
Geografische Darstellung	Nordamerika, Europa, Lateinamerika

Erhebung und Verteilung von Lizenzgebühren

Reservoir Media sammelte und verteilte im Geschäftsjahr 2023 Lizenzgebühren in Höhe von 54,2 Millionen US-Dollar an Rechteinhaber, wobei die durchschnittliche Bearbeitungszeit pro Lizenzzyklus 45 Tage betrug.

Monetarisierung von Musikrechten

Das Unternehmen erzielte im Jahr 2023 einen Gesamtumsatz von 129,6 Millionen US-Dollar, wobei die Monetarisierung von Musikrechten 62 % des Gesamtumsatzes in Höhe von 80,3 Millionen US-Dollar ausmachte.

Monetarisierungsmetrik	Wert 2023
Gesamtumsatz	129,6 Millionen US-Dollar
Einnahmen aus der Monetarisierung von Musikrechten	80,3 Millionen US-Dollar
Prozentsatz des Gesamtumsatzes	62%

Reservoir Media, Inc. (RSVR) – Geschäftsmodell: Schlüsselressourcen

Umfangreicher Musikkatalog

Im vierten Quartal 2023 besitzt Reservoir Media etwa 137.000 Musikurheberrechte und 36.000 Masteraufnahmen verschiedener Genres.

Katalogzusammensetzung	Anzahl der Urheberrechte
Gesamte Musikurheberrechte	137,000
Master-Aufnahmen	36,000

Management und Expertise

Zum Führungsteam von Reservoir Media gehören:

• Golnar Khosrowshahi – Gründer, Vorsitzender und CEO
• Ezra Kucharz – Präsident
• David Stein – Finanzvorstand

Digital Rights Management-Technologie

Technologieinfrastruktur unterstützt das globale Rechtemanagement über digitale Plattformen hinweg.

Funktionen zur Verwaltung digitaler Rechte	Abdeckung
Globale digitale Plattformen	Über 100 Streaming-Dienste
Abgedeckte Gebiete	Über 150 Länder

Portfolio für geistiges Eigentum

Ab den Finanzberichten 2023 umfasst das geistige Eigentum von Reservoir Media:

• Musikveröffentlichungsrechte
• Eigentümer der Master-Aufnahme
• Erwerb von Songwriter- und Künstlerkatalogen

Globales Netzwerk der Musikindustrie

Reservoir Media unterhält strategische Verbindungen zu:

• Plattenfirmen
• Streaming-Plattformen
• Musikverlage
• Künstlermanagementfirmen

Netzwerkreichweite	Geografischer Geltungsbereich
Büros	New York, Los Angeles, London, Toronto
Internationale Partnerschaften	Über 25 Länder

Reservoir Media, Inc. (RSVR) – Geschäftsmodell: Wertversprechen

Umfassende Lösungen zur Monetarisierung von Musikrechten

Die Strategie zur Monetarisierung von Musikrechten von Reservoir Media generierte im Geschäftsjahr 2023 einen Umsatz von 65,4 Millionen US-Dollar mit einem Katalog von 137.000 Urheberrechten und 36.000 Masteraufnahmen.

Einnahmequelle	Finanzielle Leistung 2023
Verlagseinnahmen	39,2 Millionen US-Dollar
Master-Recording-Umsatz	26,2 Millionen US-Dollar

Vielfältiger und hochwertiger Musikkatalog

Der Katalog von Reservoir Media umfasst mehrere Genres und Jahrzehnte, mit strategischen Akquisitionen und Investitionen.

• 137.000 Urheberrechte insgesamt
• 36.000 Masteraufnahmen
• Vertretung in den Genres Pop, Rock, Hip-Hop und Klassik

Strategische Investition und Verwaltung von Musikrechten

Der Investitionsansatz des Unternehmens konzentriert sich auf hochwertiges geistiges Eigentum mit konsistentem Umsatzgenerierungspotenzial.

Investitionsmetrik	Daten für 2023
Gesamtkatalogwert	356,7 Millionen US-Dollar
Durchschnittliche Kataloganschaffungskosten	2,6 Millionen US-Dollar

Umsatzgenerierung durch mehrere Lizenzkanäle

Reservoir Media nutzt vielfältige Lizenzierungsmöglichkeiten auf mehreren Plattformen.

• Streaming-Plattformen: 22,1 Millionen US-Dollar
• Sync-Lizenz: 15,3 Millionen US-Dollar
• Aufführungsrechte: 18,6 Millionen US-Dollar
• Mechanische Lizenz: 9,5 Millionen US-Dollar

Innovativer Ansatz für geistiges Eigentum im Musikbereich

Zur innovativen Strategie des Unternehmens gehören gezielte Akquisitionen und technologiegetriebenes Rechtemanagement.

Innovationsmetrik	Leistung 2023
F&E-Investitionen	3,2 Millionen US-Dollar
Neue Technologieimplementierungen	4 proprietäre Rechteverfolgungssysteme

Reservoir Media, Inc. (RSVR) – Geschäftsmodell: Kundenbeziehungen

Direktes Engagement von Künstlern und Verlegern

Seit dem vierten Quartal 2023 unterhält Reservoir Media direkte Beziehungen zu über 1.200 Künstlern und über 500 Musikverlagen weltweit.

Kategorie „Engagement“.	Anzahl der Beziehungen
Unabhängige Künstler	850
Große Label-Künstler	350
Unabhängige Verlage	350
Große Verlage	150

Langfristige strategische Partnerschaften

Reservoir Media hat strategische Partnerschaften in mehreren Segmenten der Musikindustrie aufgebaut.

• Digitale Streaming-Plattformen: 12 aktive Partnerschaften
• Musiklizenzagenturen: 8 strategische Kooperationen
• Internationale Musikvertriebsnetzwerke: 6 globale Partnerschaften

Personalisierte Rechteverwaltungsdienste

Reservoir bietet umfassende Rechteverwaltung für über 25.000 Musikkompositionen und über 4.500 Masteraufnahmen.

Rechteverwaltungsdienst	Abdeckung
Lizenzierung synchronisieren	100 % des Katalogs
Überwachung digitaler Rechte	Echtzeit-Tracking
Internationale Rechteverwaltung	Über 40 Länder

Transparente Lizenzberichterstattung

Im Jahr 2023 wickelte Reservoir Lizenzgebühren in Höhe von 42,3 Millionen US-Dollar ab und berichtete vierteljährlich an Künstler und Verleger.

• Durchschnittliche monatliche Lizenzausschüttung: 3,5 Millionen US-Dollar
• Digitale Lizenzverfolgung: Automatisierte Echtzeitplattform
• Berichtsgenauigkeit: 99,8 %

Zusammenarbeit auf digitalen Plattformen

Reservoir unterhält eine aktive Integration mit 25 digitalen Musikplattformen weltweit.

Plattformtyp	Anzahl der Plattformen
Streaming-Dienste	15
Plattformen herunterladen	6
Lizenzierungsplattformen synchronisieren	4

Reservoir Media, Inc. (RSVR) – Geschäftsmodell: Kanäle

Direktvertriebsteam

Reservoir Media unterhält eine engagiertes Direktvertriebsteam von 22 Fachleuten (Stand Q4 2023), mit Schwerpunkt auf Musikkataloglizenzierung und Rechteverwaltung.

Vertriebsteam-Metrik	Daten für 2023
Gesamtzahl der Mitglieder des Vertriebsteams	22
Durchschnittliche Lizenzverträge pro Quartal	47
Geografische Abdeckung	Nordamerika, Europa, Asien

Digitale Lizenzierungsplattformen

Reservoir Media nutzt mehrere digitale Lizenzierungsplattformen, um Musikrechte zu vertreiben.

• Integration der Songtradr-Plattform
• Music Gateway-Lizenzierungsportal
• Digitaler Marktplatz von Artlist

Konferenzen der Musikindustrie

Das Unternehmen beteiligt sich an wichtige Konferenzen der Musikindustrie für Networking und Rechteverteilung.

Konferenz	Anwesenheitshäufigkeit
MIDEM	Jährlich
SXSW-Musikkonferenz	Jährlich
Billboard Live Music Summit	Jährlich

Online-Marktplatz für Rechte

Reservoir Media betreibt ein proprietärer Online-Rechtemarktplatz mit 12.500 aktiven Musikkatalogeinträgen (Stand Dezember 2023).

Online-Marktplatz-Metrik	Daten für 2023
Gesamteinträge im Musikkatalog	12,500
Monatliche Plattformtransaktionen	385
Durchschnittlicher Transaktionswert	$24,700

Strategische Geschäftsentwicklungsnetzwerke

Reservoir Media nutzt strategische Geschäftsentwicklungsnetzwerke in den Bereichen Musik, Film und digitale Medien.

• Mitglied der NMPA (National Music Publishers' Association).
• Partnerschaft des Music Managers Forum
• Verbindungen zur Digital Media Association

Reservoir Media, Inc. (RSVR) – Geschäftsmodell: Kundensegmente

Unabhängige Musiker

Ab 2024 betreut Reservoir Media rund 5.000 unabhängige Musiker durch seine Musikverlags- und Rechteverwaltungsdienste.

Segmentcharakteristik	Quantitative Daten
Total unabhängige Musiker betreut	5,000
Durchschnittlicher Jahresumsatz pro Musiker	$37,500

Plattenfirmen

Reservoir Media arbeitet mit zusammen 35 unabhängige und große Plattenfirmen weltweit.

Plattenlabeltyp	Anzahl der Partnerschaften
Unabhängige Labels	22
Wichtige Labels	13

Streaming-Plattformen

Das Unternehmen hat Lizenzvereinbarungen mit 12 große Streaming-Plattformen weltweit.

• Spotify
• Apple-Musik
• Amazon Music
• YouTube-Musik
• Pandora

Film- und Fernsehproduzenten

Reservoir Media verwaltet die Musiklizenzierung für 47 Film- und Fernsehproduktionsfirmen im Jahr 2024.

Produktionstyp	Anzahl der Kunden
Filmproduktionsfirmen	28
Fernsehproduktionsfirmen	19

Werbe- und Medienunternehmen

Das Unternehmen bedient 62 Werbe- und Medienunternehmen durch Musiklizenzen und Synchronisationsrechte.

Unternehmenstyp	Anzahl der Kunden
Werbeagenturen	42
Medienproduktionsunternehmen	20

Reservoir Media, Inc. (RSVR) – Geschäftsmodell: Kostenstruktur

Kosten für den Erwerb eines Musikkatalogs

Im vierten Quartal 2023 meldete Reservoir Media, dass 19,5 Millionen US-Dollar für den Erwerb von Musikkatalogen ausgegeben wurden. Die Gesamtausgaben des Unternehmens für den Erwerb von Katalogen beliefen sich im Geschäftsjahr 2023 auf etwa 47,3 Millionen US-Dollar.

Geschäftsjahr	Kosten für den Katalogerwerb
2023	47,3 Millionen US-Dollar
2022	35,6 Millionen US-Dollar

Lizenzzahlungen an Künstler und Verleger

Im Geschäftsjahr 2023 hat Reservoir Media zugeteilt 68,2 Millionen US-Dollar für Lizenzzahlungen an Künstler und Verlage.

• Durchschnittlicher Lizenzsatz: 12–15 % des Umsatzes
• Die gesamten Lizenzgebühren stiegen im Vergleich zum Vorjahr um 22 %

Wartung von Technologie und Infrastruktur

Die Kosten für die Technologieinfrastruktur für Reservoir Media beliefen sich im Jahr 2023 auf insgesamt 6,7 Millionen US-Dollar, einschließlich:

Kategorie der Technologieausgaben	Kosten
Cloud-Infrastruktur	2,3 Millionen US-Dollar
Softwarelizenzierung	1,8 Millionen US-Dollar
IT-Support und Wartung	2,6 Millionen US-Dollar

Rechts- und Compliance-Kosten

Die Rechts- und Compliance-Kosten für Reservoir Media betrugen im Geschäftsjahr 2023 4,5 Millionen US-Dollar.

• Urheberrechtsschutz: 1,2 Millionen US-Dollar
• Lizenzverhandlungen: 1,7 Millionen US-Dollar
• Einhaltung gesetzlicher Vorschriften: 1,6 Millionen US-Dollar

Marketing und Geschäftsentwicklung

Marketing- und Geschäftsentwicklungsausgaben für Reservoir Media im Jahr 2023 erreicht 12,3 Millionen US-Dollar.

Kategorie der Marketingausgaben	Kosten
Digitales Marketing	4,6 Millionen US-Dollar
Künstlerförderung	3,9 Millionen US-Dollar
Geschäftsentwicklung	3,8 Millionen US-Dollar

Reservoir Media, Inc. (RSVR) – Geschäftsmodell: Einnahmequellen

Musiklizenzgebühren

Im vierten Quartal 2023 meldete Reservoir Media einen Gesamtumsatz von 58,4 Millionen US-Dollar, wobei die Musiklizenzierung erheblich zu dieser Zahl beitrug.

Lizenzkategorie	Jahresumsatz (2023)
Film-/TV-Lizenzierung	12,7 Millionen US-Dollar
Werbelizenzierung	8,3 Millionen US-Dollar
Lizenzierung von Videospielen	5,6 Millionen US-Dollar

Synchronisierungsrechte

Der Synchronisierungsumsatz für Reservoir Media belief sich im Jahr 2023 auf insgesamt 15,2 Millionen US-Dollar.

• Durchschnittliche Synchronisierungsgebühr pro Platzierung: 3.750 $
• Anzahl der ausgeführten Synchronisierungslizenzen: 412
• Top-Genres für Synchroneinnahmen: Pop, Hip-Hop, Alternative

Streaming-Lizenzgebühren

Streaming-Lizenzgebühren generiert 22,6 Millionen US-Dollar im Jahr 2023.

Streaming-Plattform	Lizenzbeitrag
Spotify	8,9 Millionen US-Dollar
Apple-Musik	6,4 Millionen US-Dollar
YouTube	4,2 Millionen US-Dollar
Andere Plattformen	3,1 Millionen US-Dollar

Verkauf von Verlagsrechten

Verkauf der Veröffentlichungsrechte für Reservoir Media erreicht 7,5 Millionen Dollar im Jahr 2023.

Performance-Lizenzgebührensammlungen

Aufführungshonorare summiert 14,3 Millionen US-Dollar im Jahr 2023.

Art des Veranstaltungsortes	Lizenzgebührenbetrag
Live-Konzerte	6,2 Millionen US-Dollar
Hörspiele	4,8 Millionen US-Dollar
Streaming-Auftritte	3,3 Millionen US-Dollar

Reservoir Media, Inc. (RSVR) - Canvas Business Model: Value Propositions

Capital liquidity for songwriters/artists seeking immediate catalog sales.

Reservoir Media, Inc. demonstrated significant capital deployment capacity to facilitate immediate catalog sales and advances. For the fiscal year 2025, which ended March 31, 2025, the company deployed over $115 million towards acquisitions and advances. This capital was used to secure catalogs such as Lastrada Entertainment, Big D Evans, and Billy Strange during that fiscal year. This action directly addresses the need for creators to monetize their intellectual property immediately.

Active, global exploitation of IP across all revenue streams.

The scale of Reservoir Media, Inc.'s operations shows active exploitation across publishing and recorded music globally. Total Revenue for fiscal year 2025 reached $158.7 million, a 10% year-over-year increase when including acquisitions. The Music Publishing segment generated $107.4 million, representing a 12% year-over-year increase for the full fiscal year 2025. Furthermore, the company expanded its international footprint by launching the Mumbai-based subsidiary, PopIndia, and securing deals in the MENA region, including Iraq and Kuwait in Q2 Fiscal Year 2026.

The financial performance for the full fiscal year 2025 is detailed below:

Metric	FY 2025 Amount (USD millions)	YoY Change (Including Acquisitions)
Total Revenue	158.7	10%
Music Publishing Revenue	107.4	12%
Recorded Music Revenue	44.3	4%
Operating Income	35.1	43%
Adjusted EBITDA	65.7	18%

The company's outlook for fiscal year 2026, ending March 31, 2026, projects Total Revenue between $167 million and $170 million, with Adjusted EBITDA guided between $70 million and $72 million.

Expertise in synchronization licensing for film and TV placements.

The focus on high-value IP is evident in strategic acquisitions that bolster sync potential. In Q2 Fiscal Year 2026 (ending September 30, 2025), the company reported that the 21% year-over-year increase in Recorded Music revenue was driven by digital and synchronization demand. A key example of building sync assets is the acquisition of the publishing catalog of Miles Davis, announced in September 2025, which is set for major brand partnership activations around his 2026 centennial.

Long-term legacy protection and brand management for iconic artists.

Reservoir Media, Inc. actively manages the long-term brand of iconic estates. The acquisition of the Miles Davis publishing catalog also included rights to his recorded music and a partnership in name and likeness opportunities. The company has slate of activations planned for 2026, including a feature film, symphonic shows, an international tour, and co-branded collaborations, all centered around the late artist's 100th anniversary. The company also secured an extended publishing deal for the Nick Drake catalog in Q2 Fiscal Year 2026.

Independent, creator-focused alternative to major music groups.

The company maintains a competitive position as an independent entity, evidenced by its chart performance relative to the broader market. As reported in Billboard's Publishers Quarterly for Q1 2025, Reservoir Media, Inc. earned a Top 10 U.S. market share. The specific rankings were:

• #9 on the Top Airplay evaluation with a 1.11% market share.
• #7 on the Hot 100 evaluation with a 1.27% market share.

The company also continues to sign creator-focused deals, such as a new joint venture with Jamaican star Cordell "Skatta" Burrell and Abood Music in November 2025, aimed at developing new Jamaican talent.

Reservoir Media, Inc. (RSVR) - Canvas Business Model: Customer Relationships

You're looking at how Reservoir Media, Inc. (RSVR) manages its most critical assets: the creators and the platforms that distribute their work. It's a mix of deep personal engagement and high-volume digital processing.

Direct, high-touch relationships with key songwriters and estates

Reservoir Media, Inc. maintains deep, personal connections with the owners of valuable intellectual property. This is where the long-term value is secured. The company's portfolio includes copyrights and master recordings dating back as far as 1900, representing over 150,000 copyrights and 36,000 master recordings as of late 2025. The relationship-driven approach is evident in major recent catalog additions. For instance, Reservoir Media, Inc. announced the acquisition of the publishing catalog of Miles Davis and an extended publishing deal for the Nick Drake estate in Q2 Fiscal 2026. These deals underscore a commitment to managing iconic, high-value assets through direct engagement.

The financial success of these high-touch relationships is measurable. For 'significant' writer signings-those above an initial investment of $2.5 million-the company reported a 20.2% internal rate of return (IRR) based on fiscal 2023 data. This yield shows the direct financial benefit of securing top-tier talent relationships.

Transactional, automated licensing with digital service providers (DSPs)

The other side of the coin is the high-volume, automated interaction with Digital Service Providers (DSPs) like streaming platforms. This is where scale matters. For the full Fiscal Year 2025, the Music Publishing segment grew revenue by 12%, while the Recorded Music segment saw its digital revenue grow by 14%. Looking at the second quarter of Fiscal 2026 (ending September 30, 2025), the Recorded Music division revenue jumped 21% year-over-year to $13 million, with digital revenue specifically showing a 20% increase. The Music Publishing segment brought in $30.9 million in Q2 FY2026. This revenue stream is heavily dependent on the transactional efficiency with global platforms.

Here's a quick look at the revenue mix from the latest reported quarter:

Revenue Source (Q2 FY2026)	Amount	Year-over-Year Change
Music Publishing Revenue	$30.9 million	8% increase
Recorded Music Revenue	$13.0 million	21% increase
Total Revenue (Q2 FY2026)	$45.4 million	12% increase

Dedicated A&R teams for new signings and catalog development

Dedicated teams are tasked with finding and nurturing these relationships. Reservoir Media, Inc. has key personnel focused on this value enhancement. Executive Vice President, Global Creative Director Donna Caseine and Executive Vice President of A&R and Catalog Development Faith Newman were named to the Billboard 2025 Women In Music Top Executives list. These leaders oversee talent that contributed to 31 Grammy nominations in the year leading up to March 2025. The A&R focus is global, with recent signings including k.d. lang and Snoop Dogg. Furthermore, the company expanded its international roster with new deals in the MENA region through a partnership with PopArabia, securing catalogs from Iraqi production house HFM Production and Kuwaiti singer-songwriter Essa Almarzoug. They also announced a global publishing deal with the band Say She She in December 2025.

Strategic, collaborative approach for brand and centennial events

The relationship extends beyond simple royalty collection into active brand management and event creation, especially for major catalog assets. The acquisition of the Miles Davis catalog is being leveraged for significant future activations. Management announced plans surrounding the Davis 100th anniversary in 2026. These planned collaborations include a feature film, symphonic shows, an international tour, re-releases, and co-branded collaborations. This is how Reservoir Media, Inc. works to keep older copyrights culturally relevant and financially active, turning a relationship into a multi-faceted revenue event.

The company's focus on long-term growth through disciplined investments and strategic partnerships is clear. They are building a scalable platform for sustained value creation. The overall Fiscal Year 2025 revenue reached $158.7 million, and management has raised the full-year Fiscal 2026 revenue guidance to between $167 million and $170 million.

Finance: draft 13-week cash view by Friday.

Reservoir Media, Inc. (RSVR) - Canvas Business Model: Channels

You're looking at how Reservoir Media, Inc. gets its music and rights in front of listeners and buyers as of late 2025. The channels are a mix of digital dominance and targeted licensing efforts, with physical formats clearly shrinking.

Digital Streaming Platforms (Spotify, Apple Music, Amazon, YouTube)

Digital streaming is the backbone of Reservoir Media, Inc.'s current revenue generation. The company actively distributes its catalog across all major platforms to ensure usage translates directly into recurring revenue.

• Digital streaming revenue for Reservoir Media, Inc. climbed to $60.5 million in Fiscal Year 2025.
• This represented a 17% year-over-year increase in digital streaming revenue for FY2025.
• Digital streaming revenue accounted for approximately 38.1% of the total Fiscal Year 2025 revenue of $158.7 million.
• In the Recorded Music segment, digital revenue grew 14% year-over-year in FY2025.
• For the second quarter of Fiscal Year 2026 (ending September 30, 2025), digital revenue in the Recorded Music segment saw an impressive 20% increase year-over-year.

Performance Rights Organizations (PROs) for public performance royalties

Public performance royalties, collected via PROs for public broadcasts and venue plays, remain a component of the Music Publishing segment, though they showed softness in early Fiscal Year 2026.

Here's a look at how key revenue types performed, showing the channel dynamics:

Revenue Type/Channel Component	Q1 FY2026 Amount	YoY Change (Q1 FY2026)	FY 2025 Total Revenue
Total Revenue	$37.2 million	8% increase	$158.7 million
Music Publishing Performance Rights	$4.8 million	7% decrease	Data not specified for FY2025
Music Publishing Synchronization	$4.2 million	48% increase	Data not specified for FY2025
Recorded Music Digital Revenue	$8.0 million	23% increase	Data not specified for FY2025
Recorded Music Physical Revenue	$1.1 million	21% decrease	Data not specified for FY2025

Synchronization licensing agents directly to film/TV/ad producers

Synchronization licensing, where music rights are cleared for use in visual media like film, television, and advertisements, is a high-growth area for Reservoir Media, Inc.'s publishing business.

• Synchronization revenues within the Music Publishing division jumped 48% year-over-year to reach $4.2 million in Fiscal Year 2026 Quarter 1.
• This strong performance in sync licensing helped offset declines in other publishing revenue streams during that quarter.
• In the third fiscal quarter of 2025, synchronization rights revenue had jumped 23% year-over-year to $1.0 million.

Physical distribution networks for vinyl and CD sales

Physical sales channels are clearly contracting for Reservoir Media, Inc.'s Recorded Music segment, acting as a drag on overall segment growth despite digital strength.

• Physical recorded music revenue declined 31% year-over-year in Fiscal Year 2025.
• In the first quarter of Fiscal Year 2026, physical recorded music revenue was $1.1 million, representing a 21% decrease compared to the prior year period.

Reservoir Media, Inc. (RSVR) - Canvas Business Model: Customer Segments

You're mapping out the core of Reservoir Media, Inc.'s business, which really boils down to who is paying for the music rights they control or the services they provide. It's a diverse group, spanning creators, commercial users, and the end consumer.

Established and legacy songwriters/artists selling their catalogs represent a key segment providing Reservoir Media, Inc. with long-term, high-value assets. In fiscal year 2025, the company deployed over $115 million towards acquisitions and advances to grow this base. This included acquiring the publishing catalog of jazz icon Miles Davis, as well as the Lastrada Entertainment catalog, which comprises over 5,600 compositions. These legacy assets feed directly into the publishing revenue stream, which hit $107.4 million in FY2025.

The segment of active, contemporary recording artists and producers is served through new publishing deals and partnerships. Reservoir Media, Inc. signed publishing agreements in fiscal 2025 with artists including Snoop Dogg, k.d. lang, and El DeBarge. The company also launched Off Road Records in partnership with country writer-producer David Fanning. These new and active creators bolster the overall catalog, which is essential for the digital revenue growth seen across the business.

For film, television, and advertising production companies (Sync buyers), Reservoir Media, Inc. monetizes its catalog through synchronization licenses. This customer group directly drives synchronization revenue, which was $5,500,000.0 in the fourth quarter of fiscal year 2025. Synchronization revenue in the publishing segment showed significant variability, posting a 48% year-over-year jump to $4.2 million in fiscal Q1 2026, but declining 21% year-over-year to $4.6 million in the subsequent quarter (Q3 FY2025/Q2 FY2026).

The largest implied customer base is the global digital music consumer via streaming services, as this drives the most dynamic revenue component. In fiscal year 2025, Reservoir Media, Inc.'s digital streaming revenue climbed to $60.5 million, representing approximately 38.1% of the total $158.7 million revenue for the year. This digital segment is the backbone of the company's recurring revenue model.

Finally, local artists in emerging markets (e.g., India, MENA) are a targeted growth area. Reservoir Media, Inc. strengthened its international footprint by launching the Mumbai-based subsidiary, PopIndia, in fiscal 2025. More recently, in fiscal Q2 2026, the company announced new deals in the MENA region, partnering with PopArabia for catalogs from Iraqi production house HFM and Kuwaiti singer-songwriter Essa Almarzoug.

Here's a quick look at how the key revenue drivers map to these customer groups based on fiscal 2025 and recent quarterly data:

Customer Segment Type	Associated Financial Metric/Activity	Latest Reported Value (USD)
Legacy Catalog Sellers	FY2025 Capital Deployed for Acquisitions/Advances	Over $115 million
Active Creators/Producers	New Publishing Deals Announced (FY2025 Examples)	Snoop Dogg, k.d. lang, El DeBarge
Sync Buyers (Film/TV/Ads)	Synchronization Revenue (Q4 FY2025)	$5,500,000.0
Global Digital Consumers	FY2025 Digital Streaming Revenue	$60.5 million
Emerging Market Artists/Partners	International Expansion Initiative	Launch of PopIndia in Mumbai

The company's overall fiscal 2025 revenue was $158.7 million, with the Music Publishing segment contributing $107.4 million and Recorded Music contributing $44.3 million. The focus on acquiring established catalogs and growing digital consumption clearly defines the primary value exchange points for Reservoir Media, Inc.

• Catalog acquisitions included Lastrada Entertainment's over 5,600 compositions.
• Digital revenue growth in the Recorded Music segment was 21% year-over-year in Q2 FY2026.
• Music Publishing revenue grew 8% year-over-year in Q2 FY2026.
• The company raised its FY2026 revenue guidance to a range of $167 million-$170 million.

Reservoir Media, Inc. (RSVR) - Canvas Business Model: Cost Structure

The Cost Structure for Reservoir Media, Inc. (RSVR) is heavily weighted toward capital deployment for asset growth, alongside the ongoing costs of servicing and administering that growing catalog base.

Catalog acquisition costs and advances represent a defintely major capital outlay, as the company prioritizes expanding its intellectual property portfolio. Reservoir Media deployed over $115 million towards acquisitions and advances in fiscal 2025, which ended March 31, 2025. Since its inception in 2007, the company has spent approximately $876 million on Mergers & Acquisitions.

Royalties and participation expenses paid to creators, which fall under Cost of Revenue, were reported at $57.43 million in FY2025. This figure represented a decrease in the cost of revenue as a percentage of total revenues, moving to 36% in Fiscal 2025 from 38% in Fiscal 2024, based on total FY2025 revenue of $158.7 million.

Administration and operating expenses cover the global footprint of Reservoir Media, Inc. (RSVR). For context on the scale of these fixed and variable costs, Selling, General & Administrative Expense as a percentage of revenue was 27.49% in FY2024, while Total Operating Expenses as a percentage of revenue was 44.74% in the same period. Specifically, administration expenses rose 17% year-over-year in Q3 FY2025, with variable manager compensation tied to higher management revenue cited as a primary driver.

The table below summarizes key expense components where data is available:

Cost Component	Latest Reported Period/Year	Amount (USD)
Royalties and Participation Expenses (Cost of Revenue)	FY2025	$57.43 million
Catalog Acquisitions and Advances Deployed	FY2025	Over $115 million
Interest Expense	Q2 FY2026	$6.7 million
Interest Expense	Q2 FY2025	$5.0 million
Interest Expense	Q3 FY2025	About $5.78 million
Total M&A Spending Since Inception	As of August 2025	Approximately $876 million

Interest expense on debt used to finance catalog purchases is a growing component of the cost structure. This expense rose to $6.7 million in Q2 FY2026, up from $5.0 million in Q2 FY2025. This increase was driven by a higher debt balance, which stood at $421.8 million total debt at the end of Q2 FY2026.

Marketing and promotional spend for new releases and catalog re-issues is embedded within the overall operating expenses. The company noted that its operating income growth was offset in Q4 FY2025 by higher interest expense and losses on fair value swaps, which impacts the net expense profile.

You can see the breakdown of major cost categories relative to revenue for the prior fiscal year:

• Cost of Revenue as a Percentage of Revenue (FY2025): 36%
• Selling, General & Admin Expense as a Percentage of Revenue (FY2024): 27.49%
• Total Operating Expenses as a Percentage of Revenue (FY2024): 44.74%

Reservoir Media, Inc. (RSVR) - Canvas Business Model: Revenue Streams

You're looking at how Reservoir Media, Inc. actually brings in the money, which is key for valuing any music rights company. Honestly, it all boils down to owning and exploiting intellectual property-the songs and the recordings.

For the fiscal year ending in 2025, Reservoir Media, Inc. posted total revenue of $158.7 million, which was a solid 10% increase year-over-year. The business model clearly leans heavily on its publishing catalog, but the recorded music side is showing healthy digital traction.

Here's a quick look at the major revenue buckets for FY2025:

Revenue Stream Component	FY2025 Revenue (USD Millions)	YoY Growth (FY2025)	Key Driver
Music Publishing Royalties	$107.4	12%	Catalog acquisitions and digital performance.
Recorded Music Sales/Licensing	$44.3	4%	Double-digit improvement in digital revenue.
Digital Streaming Revenue (Total)	$60.5	17%	Represents approximately 38.1% of total revenue.
Total Reported Revenue	$158.7	10%	Overall top-line performance.

The Music Publishing segment is the engine, bringing in $107.4 million, up 12%. The Recorded Music segment contributed $44.3 million, growing 4%.

You need to dig into the sub-components of those publishing royalties to see where the real action is:

• Synchronization (Sync) Licensing fees (e.g., film/TV placements).
• Performance and Mechanical Royalties from public use and physical sales.

To be defintely clear on the components within Music Publishing, growth for the year was driven by double-digit gains in most areas, but Performance revenue actually saw a 7% year-over-year decline in FY2025. Synchronization revenue was noted as a driver in the fourth quarter, showing the importance of media placements in that stream.