The catalog also features songs performed by the likes of Neil Sedaka<\/strong>, Dolly Parton<\/strong>, Glen Campbell<\/strong>, The Carpenters<\/strong>, Pitbull<\/strong>, Eminem<\/strong>, Notorious B.I.G.<\/strong>, Leon Bridges<\/strong>, and H.E.R.<\/strong>, among others.<\/p>\n The company says its catalog\u2019s value has been boosted by \u201cfrequent and innovative\u201d sampling of its music, which contributed to such songs as 2Pac<\/strong>\u2019s California Love<\/em>, Mariah Carey<\/strong>\u2019s We Belong Together<\/em>, and Will Smith<\/strong>\u2019s Miami<\/em>.<\/p>\n The deal\u2019s value was not disclosed.<\/p>\n \u201cWe have long admired Lastrada and the incredible catalog that the Moelis family has curated over the years. Stephen and Larry\u2019s deep knowledge of the music and their dedication to innovative sampling and synchs have elevated this catalog to iconic status,\u201d Rell Lafargue<\/strong>, President and COO of Reservoir, said in a statement Thursday (January 16).<\/p>\n \u201cWe are honored that Reservoir is now the home to the songs of Lastrada, and we look forward to preserving the legacy the Moelis family has built and ensuring its continued success.\u201d<\/p>\n \u201cWe have long admired Lastrada and the incredible catalog that the Moelis family has curated over the years.”<\/p>\n Rell Lafargue, Reservoir<\/strong><\/span><\/p><\/blockquote>\n Stephen Moelis, Lastrada\u2019s President of Music Publishing, said the Moelis family \u201ctakes pride in the catalog of hits we were part of, and in the personal relationships we forged with our incredibly talented songwriters.<\/p>\n \u201cPassing the creative torch to Reservoir is the natural next step to continue the work we started with our father 40 years ago, and we wish to thank [Reservoir founder and CEO] Golnar Khosrowshahi<\/strong>, Rell Lafargue, and the entire Reservoir team as they become stewards of some of the great songs of all time.\u201d<\/p>\n Since its founding in 2007, Reservoir has become among the more prominent music rights buyers in the industry. In an investor fact sheet released in early 2024, the company said it had spent a total of $938 million<\/strong><\/a> on music rights acquisitions.<\/p>\n In its most recent quarterly earnings report, for fiscal Q2 2025 (or calendar Q3 2024), Reservoir reported a 6% YoY<\/strong><\/span> increase in revenue to $40.7 million<\/strong>. The company reported<\/a> an adjusted EBITDA of $17.6 million<\/strong> for the quarter, up 11% YoY<\/strong><\/span>, which Reservoir attributed to revenue growth and improved gross margin.<\/p>\n The company upped its full fiscal year guidance to $150 million<\/strong>\u2013$153 million<\/strong> in revenue for the fiscal year ending March 31, 2025, which would be a 5% YoY<\/strong><\/span> increase at the mid-point. It also upped its adjusted EBITDA guidance to $59 million<\/strong>\u2013$62 million<\/strong>, up 9% YoY<\/strong><\/span> jump at the mid-point.<\/p>\n Among Reservoir\u2019s most recent deals is a global publishing partnership<\/a> with singer-songwriter k.d. lang<\/strong>; the acquisition<\/a> of the catalog of 2Pac producer Big D Evans<\/strong>; the publishing rights<\/a> to the catalog of songwriter and guitarist Billy Strange<\/strong>, known for penning Elvis Presley<\/strong> hits; and the acquisition<\/a> of the producer royalties to the catalog of Grammy-winning American record producer Jack Douglas<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" New York-based Reservoir has spent some $1 billion on catalog acquisitions since its founding<\/p>\n","protected":false},"author":46,"featured_media":220810,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[133495,133494,3559,1111,133496],"class_list":["post-220794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-herb-moelis","tag-lastrada-entertainment","tag-rell-lafargue","tag-reservoir-media","tag-stephen-moelis"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/220794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=220794"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/220794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/220810"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=220794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=220794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=220794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.musicbusinessworldwide.com\/files\/2018\/01\/unnamed-4-e1737037200898-80x44.jpg)
<\/figure>