{"id":9118,"slug":"reservoir-disclosed-catalogue-acquisition-multiples","title":"What a music catalogue sold for: 17 disclosed acquisitions and the multiple of annual net share each was bought at","source":"Reservoir Media, Inc. investor presentation filed with the US Securities and Exchange Commission as Exhibit 99.1, 18 August 2026, slide titled \"Value Enhancement Leads To Bought-Down Multiples\"","source_url":"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1824403\/000110465926098354\/tm2623312d1_ex99-1.htm","source_type":"filing","method":"Transcribed row by row from the acquisition-multiple table in Reservoir Media's investor presentation, filed as Exhibit 99.1 to a Form 8-K on 18 August 2026. The filing lists 17 completed acquisitions by closing year with four figures each: purchase price in USD millions, the annual Net Publisher Share or Net Label Share the acquired rights were earning at close, the resulting multiple at close, and the same two figures recomputed on fiscal-year-2026 earnings. The deals are anonymised in the filing itself: no counterparty, catalogue or territory is named, and this desk has not attempted to identify them. The filing states its own population filter verbatim: 'Reflects transactions of at least $9.5M in value that are more than 12 months old as of 03-31-26 and did not contain predominantly young assets expected to decay at the time of closing.' So this is not every deal Reservoir has done; it is the subset above $9.5m, seasoned at least a year, with assets the buyer did not expect to decay. The multiple_at_close and multiple_fy2026 columns are the filing's own figures, not recomputed here; dividing the published price by the published earnings reproduces each one to within the rounding of the earnings column, which the filing reports to one decimal place in USD millions. The deal_ref column is this desk's own label, assigning rank by purchase price, because the filing supplies no deal names. The three full-dollar columns are the filing's USD-million figures multiplied by one million and carry no more precision than the filing's one decimal place; they are present so that the same quantity can be read at either scale.","unit":"usd","license":"Afrobeats Wire's compilation and analysis are licensed CC BY 4.0. Rights in the underlying source data remain with the source named above.","confidence":"high","retrieved":"2026-11-04 22:47:04","n":17,"first_party":0,"columns":[{"key":"deal_ref","label":"Deal","type":"text"},{"key":"close_year","label":"Year closed","type":"number"},{"key":"purchase_price_usd_m","label":"Purchase price, USD m","type":"number"},{"key":"net_share_at_close_usd_m","label":"Annual net share at close, USD m","type":"number"},{"key":"multiple_at_close","label":"Multiple at close","type":"number"},{"key":"net_share_fy2026_usd_m","label":"Annual net share, FY2026, USD m","type":"number"},{"key":"multiple_fy2026","label":"Multiple on FY2026 earnings","type":"number"},{"key":"purchase_price_usd","label":"Purchase price, USD","type":"number"},{"key":"net_share_at_close_usd","label":"Annual net share at close, USD","type":"number"},{"key":"net_share_fy2026_usd","label":"Annual net share, FY2026, USD","type":"number"}],"rows":[{"deal_ref":"Deal 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