One week after inking a global publishing deal with Run the Jewels’ Killer Mike, Reservoir Media (NASDAQ: RSVR) has turned its attention to the film world by closing an agreement with Captain America: Civil War composer Henry Jackman.
New York City-based Reservoir announced this latest music-IP investment today, specifying that the pact “includes rights in Jackman’s entire catalog.” Beginning on the film side, London-born Henry Jackman has composer credits on Monsters vs. Aliens, Kick-Ass, Puss in Boots, Wreck-It Ralph, Kingsman: The Secret Service, and several of the works’ sequels, besides Pixels and Detective Pikachu.
Additionally, Jackman has scored television series like Disney+’s The Falcon and the Winter Soldier and video games such as Just Cause 3, Uncharted 4: A Thief’s End, and Uncharted: The Lost Legacy.
Addressing the deal in a statement, Jackman indicated that the windfall will enable him to solely pursue personally appealing projects moving forward.
“Thanks to this unique and forward-looking collaboration with Reservoir, I am now able to focus exclusively on pursuing whichever projects I find most creatively inspiring. For this, I am exceptionally grateful,” said the former Hans Zimmer collaborator, who has released three albums (Utopia, Transfiguration, and Acoustica) as a solo artist.
Meanwhile, Reservoir took the opportunity to highlight its existing investments in film scores (including stakes in north of 150 such works as of last April) as well as its contract with the aforementioned Hans Zimmer, who tried his hand at ringtones about one year back.
15-year-old Reservoir likewise has “a joint venture” with UK-based music production company Atlantic Screen Music; the “music catalogue” page on the latter entity’s website features Atomic Blonde and Churchill.
As the Jackman-Reservoir deal demonstrates, the red-hot catalog space hasn’t cooled off during 2022’s first quarter, notwithstanding the massive number of high-value music-IP sales that 2020 and 2021 delivered.
To be sure, the prior four or so weeks have brought catalog sales involving the work of Run-DMC producer Larry Smith, Jason Aldean, Neil Diamond, Leonard Cohen, and several others. Additionally, Warner Music Group and BlackRock fronted a combined total of $750 million during the period to buy the rights to “modern evergreens,” whereas Kobalt has reportedly raised another $550 million to spend on catalogs.
During today’s trading hours, Reservoir stock posted a 1.57 percent gain from yesterday’s close, finishing at $9.04. RSVR has rebounded by about 11 percent during the last five business days and 31 percent during the past month, but remains about 10 percent beneath its price as of late March of 2021.