Music Business Worldwide: "Reservoir acquires catalog of saxophonist and jazz icon Sonny Rollins."

[Mark Stryker]

Interesting.

 

https://www.musicbusinessworldwide.com/reservoir-acquires-catalog-of-saxophonist-and-jazz-icon-sonny-rollins/

[Dub Modal]

Future value gambit for Reservoir. It will be interesting to see how they invest in Sonny's music going forward. 

[JSngry]

ALL of his Catalog?

 

Not sure I understand this company, but they do appear to be....huge: 

Reservoir Media - Front Page (reservoir-media.com)

[medjuck]

Not sure from this article if they've bought more than the publishing rights for his compositions.  Maybe the rights to future releases of the concerts he recorded or even his royalties from other recordings.  

[bertrand]

If Concord agreed to this, and it is not clear yet what is actually involved, there would have had to be lots of money involved.

[Brad]

Reservoir’s release indicated they acquired his “publishing and recorded rights.”  Without more information it’s hard to know what exactly they acquired and under what conditions and limitations.  Obviously, they have no rights to his catalogue now owned by Concord/Craft, other than any royalties C/C may be obligated to pay him. 

[Chuck Nessa]

They probably purchased Sonny's royalties - both publishing and recordings.

[Dan Gould]

Maybe the deal was brokered by J.G. Wentworth.

[Eric]

3 hours ago, Dan Gould said:

Maybe the deal was brokered by J.G. Wentworth.

🤣

[Brad]

10 hours ago, Dan Gould said:

Maybe the deal was brokered by J.G. Wentworth.