Business
Reservoir Media, Inc. Special Committee Retains Financial Advisor and Independent Legal Counsel
NEW YORK CITY, NY / ACCESS Newswire / May 1, 2026 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company") today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board") ...
About this update from Reservoir Media, Inc..
[{"type":"text","content":"NEW YORK CITY, NY / ACCESS Newswire / May 1, 2026 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company") today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board") has retained Morgan Stanley & Co. LLC as its financial advisor and Wachtell, Lipton, Rosen & Katz as its legal counsel.","length":421,"tagName":"p"},{"type":"text","content":"The Special Committee was formed to evaluate the previously announced non-binding proposal letters the Company received from Irenic Capital Management, on the one hand, and Richmond Hill and Wesbild, on the other (together, the "Proposals").","length":251,"tagName":"p"},{"type":"text","content":"Reservoir does not intend to comment on the Proposals unless and until it determines further disclosure is appropriate.","length":119,"tagName":"p"},{"type":"text","content":"There can be no assurance that any definitive agreement will result from either of the Proposals or that any transaction will be consummated with Irenic, Richmond Hill, Wesbild or any other party.","length":196,"tagName":"p"},{"type":"text","content":"ABOUT RESERVOIR","length":15,"tagName":"p"},{"type":"text","content":"Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai. Reservoir is the first female-founded and led publicly traded independent music company in the U.S. Founded as a family-owned music publisher in 2007, Reservoir represents copyrights and master recordings including titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir frequently holds a Top 10 U.S. Market Share according to Billboard's Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide's The A&R Awards and won Independent Publisher of the Year at the 2020 and 2022 Music Week Awards.","length":714,"tagName":"p"},{"type":"text","content":"Reservoir also represents a multitude of recorded music through Chrysalis Records, Tommy Boy Music, and Philly Groove Records and manages artists through its ventures with Blue Raincoat Music and Big Life Management.","length":216,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagNam...