Reservoir acquires hit songs from songwriter and producer Dallas Austin
New York-based Reservoir Media has acquired hit songs from songwriter and producer Dallas Austin.
Austin’s catalog spans decades and includes hit songs like Boyz II Men’s motownphillyseveral hits from Madonna’s 3x-Platinum sale bedtime storiesby Gwen Stefani CostsP!nk’s Just like a pill and Don’t let me have memichael jackson 2 Badand much more.
Additionally, Austin notably collaborated on five tracks from TLC’s debut album. Oooooohhh… On the tip TLCincluding singles Ain’t 2 Proud 2 Beg and And what about your friends.
He went on to contribute to two Hot 100 No. 1s for the band, writing and producing the 1994 platinum-selling Crawland co-wrote and produced 1999’s Not pretty.
Today’s news follows Reservoir’s acquisition in early November of a series of songs by country singer-songwriter Stephony Smith for an undisclosed sum.
This deal included the No. 1 single and multi-platinum It’s your love by Tim McGraw and Faith Hill.
Reservoir, which floated on NASDAQ through a merger with a special purpose acquisition company (SPAC) in July, generated total Q3 calendar revenue of $30.4 million, a 45% increase over to $21 million in the prior year quarter (Q2 fiscal 2021).
Reservoir Music Publishing revenue in the third calendar quarter was $22.1 million, a 26.% year-over-year increase – growth, the company says, was driven by strong performance of its digital and synchronization revenue streams.
“Dallas Austin is a legendary producer with legacy songs.”
Liz Garner, Band Music Garner
“Dallas Austin is a legendary producer with legacy songs,” said Austin Catalog Manager Liz Garner of Garner Group Music.
“I knew if we were going to find a partner for these hit songs, it would have to be with someone we could build with in the future. Reservoir was that one.
“We look forward to continuing the legacy of his music.”
Faith Newman, Reservoir
Faith Newman, Reservoir’s Executive Vice President, A&R and Catalog Development, added, “Dallas’ catalog is deep with great cuts, and we’re very excited to bring some of their fantastic music to Reservoir.
“We look forward to continuing the legacy of his music.”The music industry around the world