The Deals: Reservoir Acquires José Feliciano’s Recorded Catalog; SoundCloud Pacts With AI Platform Moises
Reservoir Media has acquired the recorded music catalogue of José Feliciano, the seven-time Grammy-winning singer and songwriter behind “Feliz Navidad” and other hits. The deal matters as Reservoir expands its Latin music holdings and takes on a catalogue that Feliciano says he hopes will continue to be enjoyed by future generations.
The acquisition covers rights to Feliciano’s recorded music and non-exclusive rights to his name, image and likeness; financial terms were not disclosed. Feliciano has released more than 60 albums and had two top 10 Billboard Hot 100 hits. The article also reports that SoundCloud partnered with AI music platform Moises, Too Lost agreed to acquire distributor Xelon Entertainment, and event marketing firm Hive raised $27 million.
In short
- Reservoir acquired José Feliciano’s recorded music catalogue.
- The deal includes non-exclusive name, image and likeness rights.
- Other deals include a $27 million funding round for Hive.
Explained simply
José Feliciano is a singer and songwriter whose career spans more than 60 albums. His best-known songs include “Feliz Navidad”, and his recordings have reached a wide audience across generations.
Reservoir Media is a music company that buys and manages rights to recordings. The deal gives it control of Feliciano’s recorded music and non-exclusive rights to use his name, image and likeness; the price was not disclosed. These rights can affect how recordings are distributed and used, and who earns income from them.