Reservoir Acquires Tommy Boy Catalogue for $100 Million
According to an SEC filing, New York-based music-rights company Reservoir has acquired the groundbreaking New York-based hip-hop and electronic label Tommy Boy Music for around $100 million. The deal comprises more than 6,000 masters, including iconic hits from the ‘80s and early ‘90s such as Coolio’s Gangsta’s Paradise, House of Pain’s Jump Around, and Afrika Bambaataa & The Soulsonic Force’s Planet Rock.
This serves as great news to all De La Soul fans as a follow-up to their “Boycott Tommy Boy” as the group’s classic recordings remain unavailable on streaming services. A situation Reservoir seems likely to work to resolve: A rep for the company tells Variety, “We have already reached out to De La Soul and will work together to the bring the catalog and the music back to the fans.”
More info is available here & here.
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