Reservoir Commends U.S. Copyright Royalty Board Phonorecords III Ruling [TheStreet.com]
Reservoir Media, Inc.. (RSVR)
Company Research
Source: TheStreet.com
NEW YORK, July 06, 2022 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today commended the U.S. Copyright Royalty Board's (CRB) long-awaited decision to uphold increased mechanical streaming royalty rates for songwriters and music publishers, retroactive to the beginning of 2018. In a ruling issued on July 1, 2022, the CRB reaffirmed raising the minimum statutory mechanical streaming royalty rates incrementally from 10.5% to 15.1% over the years 2018-2022, rejecting an appeal by several digital service providers (DSPs). The 2018 rate increase was appealed in 2020 by a group of DSPs, including Spotify, Amazon, Google, and Pandora, causing a delay in its implementation, and withholding significant increased royalties that would have been paid to songwriters and music publishers through 2022. The CRB III decision reinstates the 15.1% increase for the year 2022, and with this decision, the DSPs must no
Show less
Read more
Impact Snapshot
Event Time:
RSVR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RSVR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RSVR alerts
High impacting Reservoir Media, Inc.. news events
Weekly update
A roundup of the hottest topics
RSVR
News
- Reservoir Media, Inc. to Present at 36th Annual Roth Conference on March 19GlobeNewswire
- Reservoir Media, Inc. (NASDAQ:RSVR) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Reservoir Media, Inc. (RSVR) Reports Break-Even Earnings for Q3 [Yahoo! Finance]Yahoo! Finance
- Reservoir Media Inc (RSVR) Posts Strong Q3 Fiscal 2024 Results with Organic Revenue Growth of 14% [Yahoo! Finance]Yahoo! Finance
- Reservoir Media Announces Third Quarter Fiscal 2024 Results [Yahoo! Finance]Yahoo! Finance
RSVR
Earnings
- 2/7/24 - Miss
RSVR
Sec Filings
- 4/3/24 - Form 4
- 3/4/24 - Form 4
- 2/28/24 - Form SC
- RSVR's page on the SEC website