RESERVOIR STRIKES DEAL WITH NASHVILLE SONGWRITERS HALL OF FAME MEMBER BUDDY CANNON
Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced the acquisition of the producer catalog of Nashville Songwriters Hall of Fame member Buddy Cannon. The deal includes rights to all of Cannon’s Kenny Chesney collaborations from 1997’s I Will Stand through 2017’s Live In No Shoes Nation.
Cannon’s collaborative relationship with Kenny Chesney spans more than 20 years, and the music they created together has led to more than three billion streams, 31 million album sales, and 36 million track sales. Among the most successful titles Cannon contributed to are double-Platinum “American Kids,” two-time Grammy-nominated and Platinum-certified “You and Tequila” featuring Grace Potter, and Platinum-certified “When the Sun Goes Down,” as well as recordings across 18 Gold-or-higher certified albums by Chesney.
Cannon is a decorated songwriter who was inducted into the Nashville Songwriters Hall of Fame in 2021, and in 2006, was named the Academy of Country Music’s Producer of the Year, and also won Country Music Association’s Song of the Year for George Strait’s “Give It Away.” Cannon has also collaborated with some of the biggest names in country music including Willie Nelson, Billy Ray Cyrus, and Reba McEntire. Reservoir’s deal with Cannon does not include his SoundExchange royalties.
“I have worked very hard with Kenny for the past 25 plus years to make the best music possible and with the help of all the publishers and songwriters who have given us their very best songs we have managed to stay consistently around the top of the charts for a very long time,” said Cannon. “When I was presented with this offer from Reservoir it seemed like it was the right thing to do and the right time for me to turn over my portion of future Kenny Chesney royalties to them. And now it’s time to make some more records and I promise to continue making the best music that I can make from here on down the road.”
Reservoir Executive Vice President of Creative John Ozier added, “Buddy has created some of country music’s biggest tracks for over two decades. We are honored to be entrusted with rights to his phenomenal legacy and are excited to continue expanding our country catalog with these fantastic songs.”