Reservoir Media has acquired U.K. dance label New State, significantly expanding its recorded music catalog with over 13,000 new recordings. This acquisition increases Reservoir's total recording collection by more than 36%.

The deal includes works from notable artists such as:

• Paul Oakenfold
• Zero 7
• The Beloved
• Dirty Vegas

New State will continue operating under its existing brand, with Tom Parkinson maintaining his leadership role. The label's legacy artists will now be marketed and promoted through Reservoir's Chrysalis Records division.

Key Business Impact:

• Reservoir's recorded catalog grows from 36,000 to approximately 49,000 recordings
• Company maintains control of 150,000 compositions
• Q4 2024 recorded revenue reached $11.96 million (19.65% YoY increase)
• Digital recorded revenue grew to $8.14 million (24% increase)

This acquisition aligns with a broader industry trend of investing in electronic and dance music, following recent moves by:

• Create Music Group (Enhanced Music acquisition)
• Believe (Global Records investment)
• Warner Music (Cloud 9 label acquisition)
• Armada Music's BEAT fund (Cloud 9 publishing)

Between April and December 2024, Reservoir invested $70.2 million in catalog acquisitions, demonstrating their commitment to strategic growth in the recorded music sector.

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