Exploration Audio Newsletter - April 16, 2021

Reservoir Holdings, which owns Reservoir Media, has gone public on the Nasdaq stock exchange via a special purpose acquisition company (SPAC) with a $788 million enterprise value, marking the first standalone publishing company to go public on a U.S. stock market. Golnar Khosrowshahi, founder & CEO of Reservoir, will lead the company alongside her current executive leadership team.

The Songwriter Fund offers emergency grants to songwriters in the form of pandemic relief. Directed by songwriters Autumn Rowe and Michelle Featherstone with management by Sarah Robertson, and backed by Songwriters of North America (SONA), the fund has distributed over $400,000 in grants to songwriters who have been hardest hit by COVID-19 - and is accepting donations for another round of relief funding, with applications opening on April 28.

Spotify recently launched its new music listening hardware and smart device for the car called the Car Thing. The new gadget’s anticipated retail price is $79.99, but is available for free for a limited time for select users, with Spotify only charging $6.99 postage.

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