Reservoir Acquires Iconic Tommy Boy Music for $100 Million

Reservoir has acquired legendary independent Hip-Hop and Electronic record label Tommy Boy Music. The deal comprises 6,000+ masters including Coolio’s “Gangsta’s Paradise,” House of Pain’s “Jump Around,” and Afrika Bambaataa & The Soulsonic Force’s “Planet Rock.” According to an SEC filing, the price was around $100 million.

Tommy Boy Music helped to launch the careers of Hip-Hop icons such as Queen Latifah, Coolio, De La Soul, Naughty By Nature, Afrika Bambaataa, Digital Underground, House of Pain, and Force MDs, among many others. It introduced EDM to mainstream audiences through releases by LFO, Coldcut, and 808 State, while helping to establish the Latin Freestyle and Latin Hip-Hop genres with releases by TKA, K7, and Information Society. Tommy Boy Music also includes the catalogs of Amherst Records, Harlem Music, and Halwill Music, which hold masters and publishing rights for a diverse collection of ‘70s Soul, Disco, and Jazz artists including The Stylistics, Van McCoy, and Glenn Medeiros.

Tommy Boy Music joins Chrysalis Records, augmenting Reservoir’s recorded music division and building on the company’s commitment to upholding legacies and supporting great independent music. Reservoir will continue to market the catalog under the Tommy Boy label out of Reservoir’s New York City headquarters with A&R and Creative led by Reservoir EVP Faith Newman and international marketing and distribution driven by Reservoir’s Chrysalis Records team in London.

This news comes following the announcement that Reservoir has entered into an agreement with Roth CH Acquisition II Co. (Nasdaq: ROCC), a special purpose acquisition company, taking the first step toward becoming a publicly traded company listed on the Nasdaq.

 

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