New State was established in 2004 by co-founder and CEO Tom Parkinson<\/strong>, who runs the label alongside A&R and Marketing Director Tim Binns<\/strong> and Chief Financial Officer Mike Jones<\/strong>.<\/p>\n Its catalog spans electronic genres such as house, drum & bass, UK garage, techno, trance, and progressive house, and includes electronic duo Zero 7<\/strong>, electronic-indie band The Beloved<\/strong>, legendary DJ and producer Paul Oakenfold<\/strong>, house music group Dirty Vegas<\/strong>, and Anglo-Irish pop-dance band D:Ream<\/strong>. has also released albums and singles by artists such as Ryan Blyth<\/strong>, Freejak<\/strong>, Guru Josh Project<\/strong>, Paul Van Dyk<\/strong>, Ku De Ta<\/strong>, and Drumsound & Bassline Smith<\/strong>, among others.<\/p>\n \u201cAcquiring New State is an exciting opportunity to expand our recorded music business with yet another long-standing, high-quality independent label and showcase our ongoing commitment to championing independent music,\u201d Reservoir President and COO Rell Lafargue<\/strong> said in a statement.<\/p>\n \u201cWith the global reach of our Chrysalis Records team now supporting New State\u2019s legacy artists, we are well-positioned to elevate this incredible catalog, while also continuing to release new music through New State to push the brand forward.\u201d<\/p>\n \u201cWith the global reach of our Chrysalis Records team now supporting New State\u2019s legacy artists, we are well-positioned to elevate this incredible catalog, while also continuing to release new music through New State to push the brand forward.\u201d<\/p>\n Rell Lafargue, Reservoir Media<\/span><\/p><\/blockquote>\n Parkinson and Binns added in a joint statement: \u201cWe\u2019re delighted to do this deal with Reservoir and Chrysalis, which will enable New State to continue working with the incredible artists and their teams, further solidify the close working relationships already in place and ultimately grow the repertoire bases in a closely curated and mutually beneficial way.\u201d<\/p>\n While Reservoir may be better known for its acquisitions of recorded music and publishing rights, the company has also followed a record label acquisition strategy since its founding in 2007.<\/p>\n Aside from Chrysalis and now New State, Reservoir has bought such indie labels as TVT Records<\/strong> (in 2010), Reverb Music<\/strong> (2012), Philly Groove Records<\/strong> (2012), and Tommy Boy Music<\/strong><\/a> (2021).<\/p>\n As part of its mission to become \u201cthe largest music rightsholder in the Middle East<\/a>,\u201d Reservoir teamed up with MENA-focused indie publisher and music company PopArabia<\/strong>, through which it acquired<\/a> Egyptian record label 100COPIES<\/strong> and Lebanese label and publisher Voice of Beirut<\/a><\/strong> in 2022.<\/p>\n![](\"https:\/\/www.musicbusinessworldwide.com\/files\/2025\/02\/Rell-e1738701512747-80x45.jpeg)
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