In a significant move in the music rights market, the recording and publishing catalog of legendary jazz and swing musician Louis Prima has been acquired by Reservoir Media for an undisclosed sum. Prima's extensive catalog includes iconic hits like "Sing, Sing, Sing," "Just a Gigolo," and "Lady Be Good."
The deal, announced on October 20, 2022, marks another strategic acquisition for Reservoir, which has been actively expanding its catalog through various purchases and partnerships. Prima's music rights will join Reservoir's diverse roster, which includes artists like OutKast, Timbaland, and Thelonious Monk.
According to Digital Music News, the acquisition is expected to strengthen Reservoir's position in the sync licensing market, as Prima's music has been featured in numerous films, TV shows, and commercials.
The sale of music catalogs has become increasingly popular in recent years, as artists and rights holders look for ways to monetize their back catalogs and secure a steady income stream. The types of music rights involved in this deal include recording rights, publishing rights, and mechanical rights.
Music rights societies like ASCAP, BMI, and SESAC play a crucial role in the administration and collection of royalties for music rights holders. These organizations help ensure that artists and publishers receive fair compensation for the use of their music.
For more information on the Louis Prima-Reservoir deal, please refer to the following sources:
