NEW YORK, Sep 23, 2021 (GLOBE NEWSWIRE) – Reservoir Media, Inc. (NASDAQ: RSVR) (âReservoirâ or the âCompanyâ), an award-winning independent music company, today applauded the new agreement between The National Music Publishers’ Association (âNMPAâ) and interactive live streaming service Twitch will work together to build productive partnerships between the service and music publishers.
According to the official announcement, this agreement allows the economy of new game models to increase the visibility and revenues of songwriters. Twitch will offer music publishers the option to sign up and bring new facets to both the gaming experience and the exposure of songwriters. These collaborations will create an even more dynamic and expansive environment for people to discover, watch and interact with songwriters.
Golnar Khosrowshahi, Founder and CEO of Reservoir, who is also a director of the NMPA board, said: âThis agreement with Twitch marks another important milestone for songwriters, music publishers and rights holders. . We will never stop defending our creators so that their works are paid and valued. Reservoir looks forward to working with Twitch on rich and innovative collaborations for our catalog. “
NMPA President and CEO David Israelite said, âBoth NMPA and Twitch are creator-focused and our respective communities will benefit greatly from this agreement, which respects the rights of songwriters and opens up the the path to future relationships between our publisher members, songwriters and the service. . Through our chats, Twitch has shown its commitment to empowering musicians and creating new ways to connect them with fans in this growing and exciting space. “
ABOUT THE TANK
Reservoir Media, Inc. is an independent music company based in New York City 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 woman founded and managed by a woman in the United States. titles dating as far back as 1900 and hundreds of # 1 releases around the world. Reservoir holds a consistent market share in the U.S. Top 10 according to Billboard’s Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide’s A&R Awards, and won the Independent Publisher Award of the year at the Music Week Awards 2020.
Reservoir also represents a multitude 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.