Jem Aswad Senior Music EditorReservoir has acquired legendary independent Hip-Hop and Electronic record label Tommy Boy Music.
The deal comprises 6,000+ masters including Coolio’s “Gangsta’s Paradise,” House of Pain’s “Jump Around,” and Afrika Bambaataa & The Soulsonic Force’s “Planet Rock.” According to an SEC filing, the price was around $100 million.Tommy Boy Music helped to launch the careers of Hip-Hop icons such as Queen Latifah, Coolio, De La Soul, Naughty By Nature, Afrika Bambaataa, Digital Underground, House of Pain, and Force MDs, among many others.
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