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Stock impact report

The Deals: Seeker Music Acquires Catalog of Nu Shooz, '80s Synth-Pop Duo Behind ‘I Can't Wait' [Yahoo! Finance]

Reservoir Media, Inc.. (RSVR) 
Company Research Source: Yahoo! Finance
tells Billboard it has acquired the masters and publishing catalog of synth-pop group Nu Shooz , which scored a No. 3 hit on the Billboard Hot 100 in 1986 with its single “I Can't Wait.” More from Billboard Ziggy Marley Shares Why He Decided to Release His New Album Exclusively on Vinyl & CDs Watch BTS Hilariously Tease One of the Members for Sweating Buckets on 'Hot Ones': 'Your Body Crying' Gavin Rossdale Recalls Time He Took a Backyard Dip With His Mega-Pop Star Neighbor: 'She's a Great Swimmer' Formed in Portland, Ore., by guitarist John Smith and vocalist/percussionist Valerie Day, Nu Shooz scored a breakthrough in the mid-'80s with the smash single, which was included on the group's RIAA Gold-certified 1986 album Poolside , released by Atlantic Records. The duo's follow-up single, “Point of No Return,” peaked at No. 28 on the Hot 100. Nu Shooz was also nominated for best new artist at the 1987 Grammys. With the deal, Nu Shooz joins a portfolio of music rights that in Show less Read more
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