Reservoir Media has acquired UK dance label New State, adding over 13,000 recordings to its catalog and expanding its recorded music portfolio by more than 36%.

The acquisition includes works from prominent artists like Paul Oakenfold, Zero 7, The Beloved, and Dirty Vegas. New State's existing roster will now be marketed and promoted through Reservoir's Chrysalis division, while continuing to sign and release new electronic and dance music under the New State brand.

Tom Parkinson will continue leading New State's operations, maintaining the label's direction while benefiting from Chrysalis Records' global reach. The deal significantly strengthens Reservoir's position in the electronic and dance music sector.

Key details about the acquisition:

• Increases Reservoir's recording catalog from 36,000 to approximately 49,000 tracks
• Complements Reservoir's existing 150,000 compositions
• Follows industry trend of investing in electronic and dance music IP
• Maintains New State's sub-labels: Butterfly Effect, Maelstrom Records, and Upcycle Recordings

Reservoir's recent financial performance demonstrates strong growth in recorded music:

• Q4 2024 recorded revenue: $11.96 million (19.65% YoY increase)
• Digital recorded revenue: $8.14 million (24% YoY growth)
• Publishing revenue: $26.89 million (16.2% YoY increase)
• Catalog investment: $70.2 million (April-December 2024)

This acquisition aligns with broader industry movements, including Create Music Group's purchase of Enhanced Music and Warner Music's acquisition of Cloud 9's label.

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