(l to r) Reservoir Media founder and head Golnar Khosrowshahi, k.d. lang, and president and COO Rell Lafargue. Photo Credit: Reservoir
Reservoir Media (NASDAQ: RSVR) has inked a publishing deal with k.d. lang, including a stake in the singer-songwriter’s existing body of work and futures.
Reservoir and Edmonton-born k.d. lang (real name Kathryn Dawn Lang) unveiled their agreement today, about one week removed from the former’s acquisition of producer Jack Douglas’s own catalog.
In keeping with the longstanding sub-sector-wide practice of not disclosing IP purchases’ specifics, Reservoir opted against shedding light on the precise terms at hand. However, the New York City-based business did note that the k.d. lang deal extends to the Canadian Music Hall of Fame inductee’s “future works and partial catalog.”
Just at the top level, that overarching catalog encompasses 12 solo studio albums – 1988’s Shadowland through 2008’s Watershed – as well as several collaborative projects, multiple works as part of The Reclines, and a variety of singles. Among the latter are k.d. lang-penned efforts including 1992’s “Constant Craving,” which currently has 50.23 million Spotify streams and a substantial number of plays across other platforms.
Addressing the Reservoir partnership, the eight-time Juno winner k.d. lang pointed to a strong relationship with the company’s founder and CEO, Golnar Khosrowshahi.
“It is an absolute thrill to partner with Reservoir!” the 62-year-old Ingénue creator relayed. “Golnar is a force of nature and understands me as an artist. I am deeply inspired and have utmost confidence in this creative partnership.”
And in remarks of her own, Khosrowshahi noted that she’s “particularly proud to be working with k.d.” as a fellow Canadian and emphasized a goal of helping the professional’s body of work find new fans.
“It never gets old when a legendary artist like k.d. lang decides to call Reservoir her home,” Khosrowshahi relayed in part. “Her incomparable voice and music are a gift to the world. We look forward to helping her share those gifts with new audiences and supporting her as she steps into the next chapter of her career.”
In September, Reservoir scored publishing pacts with Snoop Dogg and his Death Row Records label – though the same month also saw the business face a call to launch “a full strategic review” over its allegedly “substantially undervalued” shares. That demand came from Irenic Capital Management, and Reservoir in a follow-up said it “values shareholder input” and remains “focused on executing our strategy to drive value.”
At the time of writing, Reservoir stock was hovering around $9 per share – up slightly from yesterday’s close, nearly 10% across the past five trading days, and over 50% from mid-October of 2023.
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