Reservoir Acquires the Catalog of Swing Icon Louis Prima

Reservoir Acquires the Catalog of Swing Icon Louis Prima

Oct 20, 2022

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New York, October 20, 2022- Reservoir Media, Inc. (NASDAQ: RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced the acquisition of the catalog of songwriter and recording artist Louis Prima from the Gia Maione Prima Foundation. The deal includes rights to both Prima's publishing and recorded music catalogs.

As a singer,songwriter, trumpeter, and actor, Prima is regarded as one of the most successful entertainers of the big band jazz era, and his contributions to swing helped shape the genre. He wrote and recorded iconic hits, including "Sing, Sing, Sing," which is considered one of the most famous big band swing songs of all time. The New Orleans born Prima is also renowned for his recordings of "I'm Just a Gigolo (I Ain't Got Nobody)," "Pennies from Heaven," "Let's Call the Whole Thing Off," and "Buona Sera (Good Night)," among many others. Additionally, he voicedKing Louie, the beloved orangutan featuredin Disney's Oscar-nominated 1967 film The Jungle Book, and earned an RIAA Gold certification for the soundtrack featuring "I Wan'na Be Like You (The Monkey Song)" performed by Prima.

Rell Lafargue, Reservoir President and Chief Operating Officer, commented, "Louis Prima composed and recorded some of the most iconic swing music of all time - his name and the genre are practically synonymous. We are honored to represent his catalog, working to drive deeper recognition of his legacy for generations to come." He added, "Born and raised in Louisiana myself, I am proud to partner with Tony Sylvester from the Gia Maione Prima Foundation, particularly to further support their impactful work in the city of New Orleans."

With countless covers and re-recordings of his music, plus synchs in major visual media, Prima continued to influence musicians and entertain listeners for generations. The Charlie Calello Orchestra's rendition of "Sing, Sing, Sing," released in 1979, was on disco charts for almost a year. Reba McEntire's recording of "Sunday Kind of Love" reached #5 on Hot Country Singles and earned Prima an ASCAP Writers Award in 1984. The Brian Setzer Orchestra's cover of "Jump, Jive an' Wail" was the breakout single on their 1998 Grammy Award-winning album The Dirty Boogie. That same year, Prima's version featured in an iconic Gap ad campaign and was credited with the resurgence of swing music into the mainstream in the '90s. More recently in 2018, Kids See Ghosts, a rap duo comprised of Kanye West and Kid Cudi, released "4th Dimension," a Gold-certified track that sampled "What Will Santa Claus Say (When He Finds Everybody Swingin')" and reached #42 on the Hot 100.

Prima's song "Sing, Sing, Sing" and album The Wildest! were also inducted into the Grammy Hall of Fame, and he additionally earned the first ever Grammy award in the Vocal Group category for his rendition of "That Old Black Magic" in 1958. Prima blazed trails across the industry, becoming one of the first independent record producers, forming Prima Magnagroove Records in 1963, which produced his music and signed other artists through 1975. In 2010, he received a coveted star on the Hollywood Walk of Fame in honor of his centennial year.

Anthony J. Sylvester, Trustee and Member of the Gia Maione Prima Foundation, stated, "The Foundation is pleased that the Prima music catalog is in the capable hands of our friends at Reservoir where we expect that it will bring even greater prominence and visibility to Prima's music. The proceeds of the sale will allow the Foundation to expand its charitable endeavors, which is the primary mission of the Foundation."

ABOUT RESERVOIR

Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, and Abu Dhabi. Reservoir is the first female-founded and led publicly traded independent music company in the U.S. Founded as a family-owned music publisher in 2007, Reservoir has grown to represent over 140,000 copyrights and 36,000 master recordings with titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir frequently holds a Top 10 U.S. Market Share according to Billboard's Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide's The A&R Awards and won Independent Publisher of the Year at the 2020 and 2022 Music Week Awards.

Reservoir also represents a multitude of recorded music through Chrysalis Records, Tommy Boy Records, and Philly Groove Records and manages artists through its ventures with Blue Raincoat Music and Big Life Management.

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Reservoir Media, Inc.
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Alpha IR Group
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Source: Reservoir Media, Inc.