Miles Davis Catalog Sells to Reservoir Media, a Small but Savvy Player

Reservoir Media, a smaller but strategic music company, has acquired the majority of the music rights owned by the estate of legendary jazz musician Miles Davis. The deal comes ahead of Davis' centennial celebration next year, which is expected to generate renewed interest and demand for his iconic catalog. Reservoir, led by Golnar Khosrowshahi, has secured the rights to a significant portion of Davis' musical works, including his recordings, compositions, and related assets. This acquisition strengthens Reservoir's position in the music industry and allows it to capitalize on the anticipated surge in popularity surrounding Davis' 100th birthday. The details of the transaction were not disclosed, but the move is seen as a strategic investment by Reservoir, a company known for its savvy approach to managing and monetizing music rights. The acquisition of the Miles Davis catalog is expected to provide Reservoir with a valuable asset that can be leveraged through various commercial and licensing opportunities in the years to come.