DEALSReservoir has invested in audio entertainment company and podcast content production studio Audio Up. “This transformative collaboration marks another key moment in Reservoir’s evolution, as we further redefine our business as the business of listenership”, says Reservoir CEO Golnar Khosrowshahi. “Audio Up are creating innovative storytelling experiences through music and we are looking forward to all of the opportunities this creates for listeners and rightsholders alike”.Andrea Bocelli has extended and expanded his agreement with Universal Music.
As well as a long-term multi-album deal, the major will also work with him on audiovisual projects, branding, sync and merchandising.
Read more on completemusicupdate.com