Reservoir acquires Lastrada Entertainment Publishing catalog

17 January 2025 - Press release

Reservoir Media, Inc. (NASDAQ: RSVR), an award-winning independent music company, today announced the acquisition of the publishing catalog of Lastrada Entertainment, which includes over 5,600 compositions.
 

Founded by Herb Moelis in 1987 as a family company, Lastrada is operated by his children Stephen Moelis and Larry Moelis. Over the last four decades, the company has grown to represent over 5,600 compositions, across all genres from the 1960s through today. The catalog includes chart-topping and Grammy Award-winning titles, with evergreen hits such as Jim Croce’s “Bad, Bad Leroy Brown” and “Time In A Bottle,” “Love Will Keep Us Together” by Captain & Tennille, “More Bounce To The Ounce” by Zapp, and The Whispers’ “And The Beat Goes On,” among many others. Further adding to the catalog’s proven longevity is the frequent and innovative use of sampling, birthing new mega hits, such as multi-Platinum #1 “California Love” by 2Pac, Grammy-winning 6x-Platinum #1 “We Belong Together” by Mariah Carey, Will Smith’s culturally defining “Miami,” and many more. The catalog also features popular songs performed by musical icons of yesterday and today, including Neil Sedaka, Dolly Parton, Glen Campbell, The Carpenters, Pitbull, Eminem, Notorious B.I.G., Leon Bridges, and H.E.R., to name a few.

Reservoir President and Chief Operating Officer Rell Lafargue said, “We have long admired Lastrada and the incredible catalog that the Moelis family has curated over the years. Stephen and Larry’s deep knowledge of the music and their dedication to innovative sampling and synchs have elevated this catalog to iconic status.” He added, “We are honored that Reservoir is now the home to the songs of Lastrada, and we look forward to preserving the legacy the Moelis family has built and ensuring its continued success.”

Lastrada’s President of Music Publishing Stephen Moelis said, “The Moelis family takes pride in the catalog of hits we were part of, and in the personal relationships we forged with our incredibly talented songwriters. Passing the creative torch to Reservoir is the natural next step to continue the work we started with our father 40 years ago, and we wish to thank Golnar Khosrowshahi, Rell Lafargue, and the entire Reservoir team as they become stewards of some of the great songs of all time.”