Reservoir Generated $16.7m in Calendar Q2 – and Paid Out $6m in Songwriter Royalties and Publishing Costs

New York-headquartered Reservoir Media has this week confirmed its latest fiscal results, revealing that its total revenues in the year to end of March 2021 stood at $81.1 million – up 28% year-on-year.

In calendar Q2 (the three months to end of June), Reservoir generated $16.7 million, up 23% year-on-year.

Source: https://www.musicbusinessworldwide.com/reservoir-generated-16-7m-in-calendar-q2-and-paid-out-6m-in-songwriter-royalties-and-publishing-costs/