Business
Reservoir Announces New Deal With Rock and Roll Hall of Fame Drummer Matt Sorum
Acquires Sorum’s Publishing & Recorded Music Rights Catalogs and Announces a New Publishing Deal for Future Works NEW YORK, July 26, 2022 (GLOBE NEWSWIRE) --
About this update from Reservoir Media, Inc..
[{"type":"text","content":"Acquires Sorum’s Publishing & Recorded Music Rights Catalogs and Announces a New Publishing Deal for Future Works NEW YORK, July 26, 2022 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced a new deal with Rock and Roll Hall of Fame member Matt Sorum. The deal includes the acquisition of his publishing and recorded music rights catalogs, as well as publishing rights for his future works. Throughout his decades-long career, Sorum has been revered as the drummer providing the driving beat for countless legendary rock bands, including Guns N’ Roses, Velvet Revolver, and The Cult. In 1990, Guns N’ Roses’ lead guitarist Slash asked Sorum to take over as drummer for the band from then to 1997. He took part in recording and releasing the double album Use Your Illusion I and Use Your Illusion II in 1991, and the group’s subsequent album, The Spaghetti Incident, in 1993. These albums include iconic rock songs like “November Rain,” “Don’t Cry,” and covers of “Knockin’ On Heaven’s Door” and “Live and Let Die,” among others. Guns N' Roses has sold more than 100 million records worldwide, making them one of the best-selling acts in history. The band’s classic lineup, including Sorum, was inducted into the Rock and Roll Hall of Fame in 2012. In 1994, Sorum teamed up with Slash and Guns N’ Roses’ rhythm guitarist Gilby Clarke to create Slash’s Snakepit. The group released their debut album It’s Five O’Clock Somewhere in 1995. He also re-joined The Cult from 1998 to 2001, supporting their touring efforts during those years. During that period, Sorum also reunited with Slash and Guns N’ Roses’ bassist Duff McKagan, along with Wasted Youth’s rhythm guitarist David Kushner and Stone Temple Pilots’ frontman Scott Weilland to form their American rock supergroup, Velvet Revolver. In 2004, they released their widely acclaimed debut album Contraband, which debuted at #1 on the Billboard 200, and the single “Slither” earned the 2005 Grammy Award for Best Hard Rock Performance. Velvet Revolver released their second album, Libertad, in 2007, which reached #5 on the Billboard 200. On the deal, Sorum said, “I am very pleased to enter into this relationship with Reservoir. It is gratifying to know how much the Reservoir team appreciates my work. I am honored to h...