Reservoir acquires Tommy Boy
Always acquisitive music rights firm Reservoir has acquired legendary hip hop record label Tommy Boy Music in a deal reportedly worth $100 million. It brings a catalogue to Reservoir’s recordings division that includes Coolio’s ‘Gangsta’s Paradise’, House Of Pain’s ‘Jump Around’, and Afrika Bambaataa & The Soulsonic Force’s ‘Planet Rock’.Founded in 1981 by Tom Silverman, Tommy Boy was influential in the burgeoning hip hop scene, and went on to work with artists including Queen Latifa, Naughty By Nature, De La Soul and more, working in partnership with Warner Music throughout the late 1980s and 1990s before coming fully independent again in 2002.