Reservoir Reaches Deal With Nashville Songwriters Hall of Famer Buddy Cannon | Your money

By Mary T. Duncan Last updated Feb 4, 2022

NEW YORK, 04 Feb. 10, 2022 (GLOBE NEWSWIRE) — Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced the acquisition of catalog producer Buddy Cannon, member of the Nashville Songwriters Hall of Fame. The deal includes the rights to all of Cannon’s collaborations with Kenny Chesney, from 1997’s I Will Stand to 2017’s Live In No Shoes Nation.

Cannon’s collaborative relationship with Kenny Chesney spans more than 20 years, and the music they’ve created together has led to over three billion streams, 31 million album sales, and 36 million track sales. securities. Among the most successful tracks Cannon has contributed to are two-time Grammy-nominated and Platinum-certified “American Kids,” “You and Tequila” with Grace Potter, and Platinum-certified “When the Sun Goes Down.” as recordings on 18 albums certified Gold or better by Chesney.

Cannon is a decorated songwriter who was inducted into the Nashville Songwriters Hall of Fame in 2021, and in 2006 was named the Academy of Country Music’s Producer of the Year, and also won the Country Music Association Song of the Year for George Strait’s “Give It.” A way.” Cannon has also collaborated with some of the biggest names in country music, including Willie Nelson, Billy Ray Cyrus and Reba McEntire. Reservoir’s deal with Cannon does not include its SoundExchange royalties. very hard with Kenny over the past 25 years to create the best music possible and with the help of all the publishers and songwriters who gave us their best songs, we have managed to consistently stay at the top of the charts. for a very long time,” Cannon said. “When I was presented with this offer from Reservoir, it felt like the right thing to do and the right time for me to hand over to them my share of Kenny Chesney’s future royalties. And now is the time. to make more records and I promise to keep making the best music I can make from now on.

Reservoir Executive Vice President, Creative John Ozier added, “Buddy has created some of country music’s greatest hits for more than two decades. We are honored to be entrusted with the rights to his phenomenal legacy and are thrilled to continue to expand our country catalog with these fantastic songs.

ABOUT THE TANK

Reservoir is an independent music company based in New York and with offices in Los Angeles, Nashville, Toronto, London and Abu Dhabi. Reservoir is the first publicly traded independent music company in the United States and the first publicly traded music company founded and led by a woman in the United States. titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir holds a regular share of the Top 10 in the US market according to Billboard’s Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide’s A&R Awards, and won Independent Publisher of the Year at the 2020 Music Week Awards.

Reservoir also represents a wealth of music recorded through Chrysalis Records, Tommy Boy Records and Philly Groove Records and manages artists through its businesses with Blue Raincoat Music and Big Life Management.

Source: Reservoir Media, Inc.

Media Contact Reservoir Media, Inc. Suzy Arrabito Vice President, Marketing and Communications sa@reservoir-media.com www.reservoir-media.com Alpha IR Group Investor Contact Jackie Marcus or David Freund RSVR@alpha-ir.com