Reservoir generated $16.7m in calendar Q2 – and paid out $6m in songwriter royalties 

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: Reservoir generated $16.7m in calendar Q2 – and paid out $6m in songwriter royalties and publishing costs