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Reservoir Media acquire TVT publishing catalogue
By CMU Editorial | Published on Friday 30 April 2010
New York-based independent publisher Reservoir Media Management has acquired the publishing catalogue of the defunct US indie TVT.
The demise of TVT was rather complicated and I lost track of the plot at least three times. The indie record label was bought by The Orchard in 2008, but ownership of the publishing assets weren’t part of that deal. Investment firm DB Zwirn had a controlling stake in those, which later passed to Fortress Investment Group. It is them that have sold the catalogue to Reservoir. Terms of the deal are not known.
TVT founder Steve Gottlieb, who lost control of the company when it filed for bankruptcy protection in 2008, said he was pleased with the news Reservoir would now control his former catalogue. He told reporters: “I am delighted that this jewel of a catalogue with over 100 charting singles and the writers with whom I have been so honoured to work with will be in such good hands going forward”.