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Gold House Celebrates Asian Pacific American Heritage Month With the Fifth Annual Gold Gala, the Gold100 and Gold Lights Across North America

By Media News
10 min read • Published May 29, 2026
By Media News
10 min read • Published May 29, 2026

Priyanka Chopra Jonas, Jet Li, Charles Melton, Simu Liu, Eileen Gu and Revathi Advaithi Honored Alongside the 2026 Gold100 at the Fifth Annual Gold Gala; Iconic Landmarks From New York City to Vancouver Illuminate in Gold

LOS ANGELES, CA / ACCESS Newswire / May 29, 2026 / Gold House, the cultural platform shaping global opportunity, marked Asian Pacific American Heritage Month (APAHM) with a series of defining moments that underscored the growing power of Asian Pacific culture to shape the world. Throughout May 2026, Gold House unveiled the 2026 Gold100 – its annual list of the 100 leaders most responsible for defining global culture – illuminated iconic landmarks across North America in gold, and convened over 650 of the most influential Asian Pacific and multicultural leaders at its fifth annual Gold Gala at the historic Music Center in downtown Los Angeles. Taken together, these efforts represent Gold House’s most expansive celebration of Asian Pacific heritage and achievement to date.

Gold Gala: The Definitive Celebration of Asian Pacific Cultural Power

Convening over 650 of the most influential Asian Pacific and multicultural leaders across industries, the Gold Gala celebrated special honors for indelible cultural change, as well as the 2026 Gold100 List of the 100 most impactful Asian Pacific leaders over the past year. For the first time, the definitive celebration of Asian Pacific culture expanded into a global platform for cultural power that connects by convening influential creatives and executives across North America and Asia.

Program highlights included:

  • Bowen Yang opened the award show with a special monologue offering his trademark insights on culture, setting the tone for an evening celebrating A New Gold World.

  • Award-winning actor, producer, and New York Times bestselling author Priyanka Chopra Jonas received the inaugural Global Vanguard Honor, presented by Founder and CEO of 5 Junction Records and A-Series Investments and Management Anjula Acharia, Head of Film, Streaming and Theatrical at Amazon MGM Studios Courtenay Valenti, and Academy Award-winning director of KPop Demon Hunters Maggie Kang, recognizing her unprecedented 25-year career bridging Asian Pacific and Western cultures through acclaimed work across Hindi cinema and Hollywood, and her continued work to amplify emerging and underrepresented voices through her production company Purple Pebble Pictures.

  • Martial arts icon, actor, and philanthropist Jet Li received the Gold Legend Honor, presented by his daughter Jane Li, Shannon Lee, daughter of Bruce Lee and CEO of the Bruce Lee Foundation, Hollywood powerhouse and global humanitarian Maggie Q, and Expendables co-star Terry Crews, for inspiring generations of Asian Pacific talent by bringing wushu to a global stage and building an enduring legacy through his films and One Foundation charity.

  • Charles Melton received the inaugural Gold Artistic Achievement Honor, presented by filmmaker Lee Sung Jin and Academy Award winner Da’Vine Joy Randolph, for his critically acclaimed work in May December and BEEF Season Two, cementing his place as a defining voice for Asian Pacific talent and one of Hollywood’s most compelling dramatic actors.

  • Simu Liu accepted the Gold Mogul Honor, presented by filmmakers Destin Daniel Cretton and James Wan, honoring his multi-hyphenate success as an actor, author, producer, and advocate who has established himself as a defining Asian Pacific voice in mainstream Hollywood and a tireless champion for representation on and off screen.

  • The most decorated Olympic freestyle skier in history, Eileen Gu, received the Gold Impact Honor, presented by Marriott Bonvoy®. Olympic champion and WNBA star Candace Parker and EVP & Chief Customer Officer of Marriott International Peggy Roe gave Gu the award onstage in recognition of her fearless ambition and her passionate advocacy for women in sports.

  • Revathi Advaithi, CEO of Flex, was presented with the inaugural Forbes Gold Honor, presented by Eric Feng, General Partner of Gold House Ventures, and Viral Patel, CEO of BXPE, recognizing her extraordinary rise from shop floor supervisor to the helm of a $26 billion global manufacturing leader and her championing of diversity, women in STEM, and sustainable innovation across 30 countries.

  • Representing their respective Gold100 categories, Theresia Gouw (Business and Technology), EJAE (Entertainment and Media), Rei Matsunuma and Rehito Hatoyama of HUMAN MADE (Fashion and Lifestyle), Tejasvi Manoj (New Gold Social Impact), and Paralympic sled hockey gold medalists Jen Lee and Brett Bolton (Sports and Gaming) each presented a video celebrating their category and delivered forward-looking addresses sharing their singular visions for the future of their industries.

  • ARKAI opened the evening with a stirring string rendition of celebrated Asian Pacific film and television scores and debuted a new song with special guest Lindsey Stirling.

  • Hayley Kiyoko performed a special rendition of "Girls Like Girls" with ARKAI and Lindsey Stirling ahead of the release of her directorial debut.

  • The stars of Hulu’s acclaimed comedy series Deli Boys – Asif Ali, Saagar Shaikh, and Poorna Jagannathan – opened the second half of the show.

  • Maia Kealoha, star of last summer’s hit Lilo and Stitch, welcomed Catherine Laga’aia to the Disney family with an exclusive sneak peek of the upcoming live-action Moana.1

  • Grammy Award-winning artist H.E.R. and actress Liza Soberano shared an exclusive first look at their upcoming film, Forgotten Island.

  • Bridgit Antoinette Evans, CEO of the Pop Culture Collaborative, spoke to the power of stories to inspire people to want more for the future of our democracy.

  • In partnership with Visa, the Gold House Renegades series premiered a special feature on Gold100 Honoree Alysa Liu, celebrating the small steps that led to her historic success.

Notable Attendees

Creative Artists and Athletes: Adele Lim, Adeline Rudolph, Agnez Mo, Alex Shibutani, Ally Maki, Amber Midthunder, Amielynn Abellera, Andrew Kwon, Anna Cathcart, Anthony Keyvan, Arden Cho, Armaan Malik, Avan Jogia, Bach Mai, Bella Poarch, Bobby Hundreds, Bobby Berk, Brandon Finn, Chin Han, Chloe Kim, Chris Pang, Cole Walliser, Crystal Kung Minkoff, Dallas Liu, Daniel Martin, Daniel Dae Kim, Dhar Mann, Dianne Doan, Elaine Welteroth, Elizabeth Yu, Emily Chang, Eric Nam, Esther Yu, Eugene Lee Yang, Eunice Bae, Gia Kim, GIRLSET, Griff, Halsey, Havana Rose Liu, Ian Ousley, Janel Parrish, Janet Yang, Jeannie Mai, Jeff Staple, Jeremy Lin, Jessel Taank, Ji-young Yoo, Jonnie Park, Joyce Wrice, Kal Penn, Karen Fukuhara, Ken Kirby, Kiawentiio, Kim Shui, Kristin Villanueva, Lauren Tsai, Leah Lewis, Lisa Ling, Lucy Guo, Ludi Lin, Maia Shibutani, Manny Jacinto, Matthew Kim, Melissa King, Michelle Phan, Mikayla Geier, Miky Lee, Mina Kimes, Ming-Na Wen, No Na, Pan Yaung Chel, Patrick Ta, Piper Curda, R’Bonney Gabriel, Ramona Young, Rhea Raj, Rich Brian, Ross Butler, Ryan Bathé, Sasha Bhasin, Sev Ohanian, Simran Baidwan, Sisa Grey, Siua Ikaleʻo, Soo Joo Park, Steven Doan, Sunisa Lee, Supriya Ganesh, Sydney Agudong, Tati Gabrielle, Te Ao o Hinepehinga, Thuy Tran, Tia Carrere, TOKiMONSTA, Towa Bird, Youn Yuh-Jung.

Creative and Business Executives: Abhijay Prakash (President, Blumhouse), Albert Cheng (Head of AI Studios, Amazon MGM Studios), Amy Homma (President, Academy Museum), Andrea Cherng (Chief Brand Officer, Panda Restaurant Group), Chris Suh (CFO, Visa), Chris Down (Chief Design Officer, Mattel), Eric Chan (Chief Business and Strategy Officer, Gap), Harvey Mason Jr. (CEO, Recording Academy), Jason Kwon (Chief Strategy Officer, OpenAI), Joyce Kim (Chief Brand Officer, Rare Beauty), Ken Wee (Chief Strategy Officer, Mattel), Mike Van (CEO, Billboard), Phil Sun (CEO, 1v1 Entertainment), Reynold Xin (Co-Founder, Databricks), Sam Wu (CEO, Rakuten Viki).

The theme for this year’s evening, A New Gold World, invited guests to envision and build shared abundance in a world increasingly defined by division.

Wearing "heritage-inspired black tie" from Asian Pacific designers – inspired by our Official Gala Style Guide on Pinterest – guests entered the Gold Gala by ascending a stunning gold staircase and elaborate Gold Carpet. Throughout the cocktail reception, guests were treated to custom portrait moments presented by Chase Sapphire Reserve for Business℠.

During the program, Gold Gala guests dined on a three-course dinner presented by OpenTable, with a menu created especially for the Gold Gala by Gold Gala Executive Chef Justin Pichetrungsi and the team behind the critically acclaimed Anajak Thai in Sherman Oaks, California. Guests began with a radish and cucumber salad with ginger scallion dressing and baby spinach, followed by an entrée featuring Anajak Thai’s specialty Southern-Thai fried chicken with red nam jim sauce and sweet chili sauce, served alongside panang vegetables. The meal concluded with a dessert duet of pandan custard with salted coconut and braised plantains with coconut syrup. The dishes were accompanied by hydration provided by smartwater and wine from Silver Oak.

Throughout the night, Hennessy provided three Asian heritage-inspired cocktails, the "Festival of Happiness" and "Paper Talisman" featuring Hennessy V.S.O.P, and the "Balancing Qi" featuring Hennessy X.O, carefully curated by mixologist Kevin Nguyen from the renowned Camelia in the Arts District, Los Angeles.

Backstage, honorees experienced specialty portrait moments shot by Kanya Iwana, hair and makeup touch-ups featuring brands from across the L’Oréal Groupe portfolio, and a content studio presented by The Walter and Shirley Wang Foundation.

Genesis Motor America once again presented special transportation and the renowned "GoldBot" camera experience, spotlighting the 2026 Genesis GV80 Coupe Prestige Black. TikTok helped amplify the Gold Gala across its platform and convened top Asian Pacific creators. Guests were also entertained throughout the evening with the latest hits from the "K-POP NOW" playlist on Amazon Music.

The Gold Gala was immediately followed by the Billboard x Gold House Founders Party. The celebration featured a performance by RuPaul’s Drag Race stars Nymphia Wind and Plastique Tiara, a DJ set by Mortal Kombat II star Joe Taslim joined by his entire cast, and the return of the Celebrity Karaoke Room presented by Maybelline New York, which included a brand-new touch-up room. Performers included Academy Award-winning filmmaker of KPop Demon Hunters Maggie Kang, Ross Butler, and Saagar Shaikh belting Linkin Park’s "In the End," viral TikToker Maiko delivering multiple songs, Paralympic Gold Medalists Jen Lee and Brett Bolton belted Lady Gaga’s "Bad Romance," Eugene Lee Yang performing Mulan’s "I’ll Make A Man Out of You," Eric Nam and Spotify’s Priscilla Chan performing "My Boo," and more. Guests posed at custom photo booths presented by Asian entertainment streamer Viki, a mahjong area presented by Hennessy, in partnership with East Never Loses, as well as enjoyed the opportunity to personalize a bottle of Hennessy X.O with a bespoke engraving as a lasting memento from the evening. To cap the evening, guests also enjoyed late-night bites featuring American Chinese favorites from Panda Express®.

As they left, Gold Gala guests received gift bags featuring the XL Landon Neoprene Carryall from Dagne Dover – an AAPI-founded brand and the official bag sponsor for the Gold Gala, a tea experience from the Genesis Collection, the brand’s curated lifestyle line, a Hennessy X.O mini, the memoir SPIT: A Life in Battles from artist Jonnie Park (Dumbfoundead) and Third Street Books, a special gift from Marriott Bonvoy, the Barbie 2026 Lunar New Year Doll from Mattel, the Imperial Youth 2-Piece Gift Kit from The Whoo, and assorted beauty products from L’Oréal Paris, Armani Beauty, Maybelline New York, Prada Beauty, and YSL Beauty.

The Gold Gala was also made possible with the generous support of longtime Gold House partners Delta, East West Bank, and Gap.

The morning of the Gold Gala, the most influential Asian Pacific women gathered at The West Hollywood EDITION for the Gold Women Breakfast, presented by Marriott Bonvoy. Guests were treated to a special portrait moment and touch-up station presented by Rare Beauty, curated global products from Marriott Bonvoy Boutiques, beauty activations presented by Nordstrom (including from Allies of Skin and Augustinus Bader), special edition shirts created by Gold100 Honoree Bobby Lee from Disney, and more from Athleta, Delta, and Mixsoon.

For the fourth year in a row, the event was produced by Sequoia Productions, with stage visuals designed by Aura Studios.

Gold100: Recognizing the Leaders Defining Global Culture

On May 1st, Gold House unveiled the 2026 Gold100 – the annual list of the 100 most impactful leaders in culture – underscoring that cultural power is no longer downstream from business, politics, or technology, but a primary engine driving all three. Collectively, the 2026 Gold100 honorees lead companies worth more than $10 trillion, governments representing tens of millions of citizens, creative works that earned the most Oscar nominations in Academy Award history, and are responsible for the past year’s Nobel Prize in Chemistry, the most-decorated Olympic freeskiing career of all time, and Team USA’s fourth consecutive Paralympic sled hockey gold. Honorees span the full breadth of industry – from Alexandr Wang, Meta’s first-ever Chief AI Officer, and Demis Hassabis, Nobel laureate and CEO of Google DeepMind, to Academy Award-nominated producers Sev Ohanian and Zinzi Coogler of Sinners, Olympic gold medalists Eileen Gu and Alysa Liu, and new voices like NFL Rookie of the Year Tetairoa McMillan and Heated Rivalry star Hudson Williams. The Gold100 was curated by a coalition of leading Asian Pacific organizations and top creative and business leaders, reflecting the ethos that impact is built together. See the full Gold List at goldhouse.org/gold100.

Gold Lights: Illuminating a Nation in Celebration

In honor of the Gold100 and the broader Asian Pacific community, iconic landmarks across North America lit up in gold throughout May. Participating cities and landmarks included the Willis Tower in Chicago, the LV City Sign in Las Vegas, the Empire State Building and Nasdaq Tower in New York City, the Columbia Center Tower in Seattle, and BC Place & Olympic Cauldron in Vancouver. Gold100 honorees were also featured in billboards across the United States, generously donated by New Tradition, Branded Cities, and Outfront Media.

MEDIA CONTACT: press@goldhouse.org

ABOUT GOLD HOUSE

Gold House is a platform where culture shapes global opportunity. Operating with the heart of a nonprofit and the reach of a world-class enterprise, Gold House brings people together through cultural experiences, entertainment, and entrepreneurship. We believe culture is the foundation for change: it forms who we are, who we know, how we love, what we build, and what becomes possible.

SOURCE: Gold House

View the original press release on ACCESS Newswire

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media-news

Leo Toronto's 2026 HumanKind Study Finds that Despite Heavy Challenges, Canadians are Using Every Ounce of Energy They Have to Mine for and Create Hope in Their Lives

By Media News
3 min read • Published May 29, 2026
By Media News
3 min read • Published May 29, 2026

TORONTO, ON / ACCESS Newswire / May 29, 2026 / Leo Toronto has released its 2026 Humankind Study revealing a decisive shift in how Canadians are navigating uncertainty: less waiting, more doing. In the face of prolonged economic pressure, social fatigue and rapid technological change, Canadians, especially younger generations, are actively creating their own optimism, deepening relationships, redefining joy and holding brands to a higher standard.

"Canadians aren’t sitting around hoping things get better," said Tahir Ahmed, Chief Strategy Officer at Leo Toronto. "They’re choosing to make things better from an individual, social and cultural standpoint. That shift has real implications for how brands show up."

Hope is now a practice, not a promise

After years of disruption, Canadians are reframing optimism as something they actively build:

  • 70% say hope and happiness are something you practice

  • 65% are focused on creating joy now rather than waiting for things to improve

  • Belief in generational impact is rising (54%, up 10 points YoY)

  • 74% of young Canadians are taking ownership of the life they want

Connection requires effort and Canadians are leaning in

Loneliness hasn’t disappeared, but the response to it is changing. Canadians are pushing past inertia and showing up for one another.

  • 74% believe you need to show up for others – even when it’s inconvenient

  • 47% are socializing for their mental well-being, even when they don’t feel like it

  • 48% say "I love you" to non-romantic friends

  • 70% believe love is more powerful than hate

Fun hasn’t disappeared; it’s been redefined

The idea of "letting loose" is shifting toward smaller, more personal moments of joy.

  • 71% are prioritizing everyday moments over big milestones

  • 61% tried something new this year, regardless of skill

  • 53% are doing more of what they want in the moment, with less fear of embarrassment

  • They’re stepping out of their comfort zone – searches for improv classes and stand-up comedy are up more than 750% in the past 3 months

A quieter, more confident Canadian pride is emerging

Canadians are increasingly valuing their culture and identity – without losing self-awareness.

  • 57% feel prouder than ever to be Canadian

  • 42% say Canada is having a cultural moment

  • 44% believe Canada’s role in the world is evolving positively

  • 48% feel optimistic about the country’s future

AI is everywhere (and under scrutiny)

Adoption is rising, but so are concerns about its impact and how brands use it.

  • 66% now use AI tools (up from 51% in 2025)

  • 64% believe overuse is weakening critical thinking

  • 40% of Gen Z and 36% of Millennials use AI for personal advice or emotional support

  • 62% of those using AI at work say it makes them better or faster

  • 29% would struggle without it

  • 46% of heavy users say they feel pressured to use it to be "better" or "more efficient" at work without any clarity about how

  • Only 14% of Canadians believe brands have their best interests at heart

Heavy users are also more likely to feel brands misunderstand AI’s role. Notably, Gen Z is more likely than Millennials to avoid brands that use it.

Brands are being watched and challenged

Canadians are increasingly willing to act on their values, using their attention and spending power to shape brand behaviour.

  • 41% of young Canadians have boycotted a brand in the past year

  • 45% try to avoid supporting billionaires and their brands

  • 57% of Gen Z believe online attention can drive real-world change

  • 71% of young Canadians believe brands do not have a clear understanding of the problems they’re facing

A clear takeaway for brands: Canadians are more self-directed, more discerning and more willing to act than they’ve been in years. The expectation isn’t perfection, it is participation, relevance and real value.

"This isn’t about blind optimism," added Ben Tarr, President, Leo Toronto. "It’s about agency. Canadians are choosing to move forward, and they expect brands to move with them."

For further information, please contact:

Sarah Soteroff
Communications Director
sarah.soteroff@leotoronto.com
(416) 838-0077

SOURCE: Leo Toronto

View the original press release on ACCESS Newswire

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media-news

The Media Institutions Are Cracking. The Alternatives Are Improvising.

From Netflix's manufactured reality to journalists building careers on TikTok, the old playbooks are failing and the new ones aren't written yet.

By Mediabistro Team
7 min read • Published May 29, 2026
By Mediabistro Team
7 min read • Published May 29, 2026

The most revealing media news stories right now aren’t about innovation. They’re about “failure modes.”

A “60 Minutes” correspondent walking away after two decades. Netflix pouring resources into a reality show that fundamentally misunderstands what made the genre work. A press regulator parsing the semantic difference between “ignoring” a story and merely failing to cover it prominently.

These are symptoms of institutions losing the capacity to do what they were built for, while the alternatives scramble to figure out what comes next.

Three patterns worth tracking: legacy news organizations bleeding the credibility infrastructure that differentiated them from content mills; major platforms discovering that algorithmic logic can’t reverse-engineer cultural lightning; and individual professionals building outside the traditional career ladder because the rungs keep breaking.

The Cracks Are Adding Up

Sharyn Alfonsi spent 20 years at CBS News, the past decade as a “60 Minutes” correspondent. She’s out.

The departure, reported by Poynter, follows months of internal tension at CBS News over editorial decisions and leadership direction. Alfonsi didn’t leave for a competitor or a bigger contract. She left because the institutional promise (editorial support, resources, career stability) stopped being true.

Correspondent-level talent doesn’t usually walk away from flagship programs without somewhere specific to land. When they do, it means the cost of staying (editorial compromise, resource scarcity, reputational risk) exceeded the value of the platform.

When that calculation flips for someone at Alfonsi’s level, it already flipped for dozens of producers, editors, and reporters below her who don’t have the name recognition to make their exits news.

Meanwhile, UK press regulator IPSO ruled that The Times was justified in claiming the BBC “ignored” Bill Gates’s climate position shift, even though the BBC’s Today programme mentioned it in passing.

The Press Gazette breakdown reveals the semantic gymnastics now required to define coverage standards. Does briefly mentioning something during another segment count as “coverage” in any meaningful editorial sense?

IPSO said no, effectively arguing that legacy news organizations can no longer claim credit for passively acknowledging major stories without substantive reporting. When regulators have to parse that distinction, the baseline expectation of what a news organization does has eroded to the point where acknowledgment and analysis are no longer assumed to be the same activity.

Then there’s the AI factor. Press Gazette now maintains a live tracker of AI journalism mistakes, because the errors are happening frequently enough to require ongoing documentation. Factual hallucinations. Byline attribution failures. Entire fabricated quotes. What started as efficiency tooling has become a reputational liability that legacy outlets can’t contain through normal editorial processes.

Pattern Recognition: Institutional quality control is failing faster than institutions can adapt. Talent leaves when costs outweigh platform value. Regulators define “coverage” downward because old standards don’t hold. AI mistakes accumulate in public because editorial oversight can’t keep pace with automated output. Same crisis, three fronts.

If you’re planning your exit, these are the structural reasons why that instinct might be correct.

Two Bets on What Content Means Now

Netflix spent real money trying to manufacture the next Kardashian empire in the same geographic location where the first one happened.

“Calabasas Confidential” is the result, and Variety’s review is a polite autopsy. The show delivers the superficial markers: wealth, drama, aspirational real estate, and interpersonal conflict. What it can’t deliver is the specific alchemy that made “Keeping Up with the Kardashians” work: genuine family dysfunction, savvy media manipulation, and Kim Kardashian’s particular understanding of how to perform authenticity for cameras.

Netflix concluded the formula was replicable. Find rich people in the same zip code, point cameras at them, let the algorithm handle discovery. What they missed is that reality TV at that level is a casting problem, a charisma problem, and a cultural timing problem. You can’t reverse-engineer it by optimizing location and budget.

For content professionals, the lesson is about the limits of data-driven production. Netflix has more viewership data than any entity in entertainment history. That data can tell them what performed well. It apparently cannot tell them why.

Across the same city, a different bet. Greg Longstreet, who runs L.A.-based PR firm Empirical, launched Ritual, a print zine distributed at independent theaters. Variety reports contributors include Patton Oswalt, Edgar Wright, and other directors writing about theater-going culture.

A handmade object distributed in physical spaces to people who showed up specifically to watch something on a big screen. The zine isn’t competing with algorithmic content distribution. It’s betting on the opposite impulse: curated voices, tactile media, place-based distribution, and an audience defined by what they chose to do with their time.

The business model isn’t clear, and it doesn’t need to be yet. Someone with professional credibility in L.A. media thinks there’s an opening for something that explicitly rejects platform logic. That alone is a signal.

These two L.A. stories clarify the terms. One approach assumes you can engineer cultural relevance through budget and data. The other assumes there’s a neglected audience tired of being algorithmically sorted. One failed expensively. The other is too early to judge.

Building Outside the System

If you work in local news and you’ve tried to secure philanthropic funding, you’ve probably gotten a polite rejection email that didn’t actually explain why.

Poynter talked to funders about what local newsrooms get wrong. The most common mistakes: pitching the need rather than the solution, failing to demonstrate measurable impact, and asking for money to sustain existing operations rather than to test new models.

Funders don’t want to hear about how journalism is important or how local news is dying. They want to hear what you will specifically do with their money, how you’ll measure whether it worked, and what happens when the grant ends. The gap between what newsrooms think they need to communicate (mission, values, community importance) and what funders need to hear (outcomes, sustainability, replicability) is wide enough that most pitches fail before they get to budget discussion.

For Grant-Funded Media: The pitch has to start with the model, not the mission. What are you testing? What does success look like in year two? How does this translate to other markets? Funders will fund experiments, but only if they’re designed like experiments, with hypotheses, measurement plans, and realistic assessments of what happens if the money runs out.

Then there’s individual improvisation. Laurie Segall spent years at CNN before launching her own media company. Her newest project is an investigative documentary about AI and parasocial relationships, produced in partnership with Paris Hilton and distributed on TikTok.

Press Gazette covered the announcement, and the choice architecture is worth examining. Segall could have pitched this to a traditional network or streamer. She chose TikTok instead, because that’s where the audience for a story about AI-driven companionship apps actually lives. She partnered with Hilton, who has 12 million TikTok followers and fluency in internet culture that most legacy media brands can’t match. And she structured it as serialized short-form investigative content designed for the platform’s native format.

Most journalists don’t have Segall’s industry relationships or Hilton’s distribution reach. But it’s a data point about what the new career math looks like. The decision to leave CNN was about recognizing that the platform, format, and distribution model that make sense for a story about parasocial AI relationships don’t exist inside legacy news infrastructure.

The connective tissue between the funder piece and the TikTok documentary: both are examples of professionals building outside the traditional institutional path because the institutions can’t move fast enough to support the work. Neither situation is ideal. Both are now default conditions.

What This Means

The through-line across all seven stories is the loss of institutional capacity.

Legacy news organizations are losing the talent, credibility infrastructure, and editorial control that differentiated them. Major platforms are discovering that cultural relevance can’t be algorithmically manufactured. And the professionals who still believe in the work are improvising at the edges, building projects that don’t fit existing categories because those categories are breaking down.

If you’re inside a legacy institution, the question is whether it still offers the resources and stability that justify the constraints. If you’re outside, the question is whether the alternatives (philanthropic funding, platform distribution, creator partnerships) can sustain a career or just fund individual projects.

Neither path is obvious. Both require clearer thinking about what you’re trading and what you’re gaining than the old career ladder ever demanded.

For employers building teams in this environment, the talent pool includes people who left stable positions because the institutions couldn’t deliver on their end of the bargain. Worth understanding when you’re hiring for roles that require editorial judgment and audience intuition. And for jobseekers navigating this landscape, the openings worth watching are the ones that acknowledge the structural problems rather than pretending the old models still work.


This media news roundup is automatically curated to keep our community up to date on interesting happenings in the creative, media, and publishing professions. It may contain factual errors and should be read for general and informational purposes only. Please refer to the original source of each news item for specific inquiries.

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Hot Jobs

Design Journalism and Mission-Driven Comms Roles Hiring Now

Fast Company wants a design beat reporter, a safe streets nonprofit needs a storyteller, and a PR startup is building its media team from scratch.

mediabistro hot jobs
By Mediabistro Team
4 min read • Published May 29, 2026
By Mediabistro Team
4 min read • Published May 29, 2026

The Design Beat Is Alive and Hiring

Design journalism rarely gets its own hiring moment. For years, the beat has been folded into tech coverage or treated as a lifestyle niche. So when Fast Company posts a dedicated Senior Writer role for its Design Team with an explicit mandate to break news, it signals something worth paying attention to: design coverage is being treated as hard journalism, not soft feature work.

That listing anchors today’s roundup, but the broader theme is equally telling. Across today’s freshest postings, organizations are looking for communicators who can translate specialized, complex subject matter into stories that actually move people. Whether it’s product design innovation, pedestrian safety policy, or media relations for a digital-first startup, the common thread is editorial sophistication applied to niche domains.

For candidates with deep subject-matter expertise and strong storytelling instincts, this is your kind of market. Generalists need not apply (just kidding), you probably should as well.

Today’s Hot Jobs

Senior Writer at Fast Company (Mansueto Ventures)

Why You Should Pay Attention: This senior writing role sits on Fast Company’s Design Team and focuses on product design, UX, hardware, and branding. The job description is unusually specific about editorial philosophy: they want reporters who “separate hype from substance” and “spot high-potential topics early.” The publication is actively looking for someone whose beat can be tailored around their existing expertise, which suggests real editorial autonomy. For anyone who has built a reputation covering design and technology, this is a chance to shape a beat at one of the most recognized names in business media.

What They Want to See:

  • Deep knowledge of the names and trends shaping the design world
  • Sharp instincts for compelling narratives about product design, UX, hardware, and branding
  • Strong existing relationships in the design and technology worlds
  • Ability to deliver original, distinctive coverage at internet speed

Apply to the Senior Writer position at Fast Company

Communications Manager (Remote) at Safe Routes Partnership

The Draw Here: Safe Routes Partnership works on pedestrian and bicycle safety policy, and this fully remote role is the organization’s primary communications voice. You’ll own the digital presence, manage contractors for design and video, and translate legislative and policy work into content that resonates with advocates, funders, and the general public. The salary is listed at $60,000 to $68,000 with full benefits, and the role is open to candidates based anywhere in the United States. For communicators who want to do meaningful work with real editorial ownership, this checks a lot of boxes.

Core Requirements:

  • Experience translating complex policy and program work into accessible, shareable content
  • Ability to manage contractors for design and video production
  • Skills across email marketing, social media management, and website content
  • Natural storytelling ability with a genuine investment in the organization’s mission

Apply to the Communications Manager role at Safe Routes Partnership

Public Relations Specialist at Osprey Studios

What Makes This Interesting: Osprey Studios is building out PR for a digital media and podcast operation, and they want someone with existing relationships across NYC and national media markets. The emphasis on “heterodox media” alongside mainstream and digital outlets is a notable detail, signaling that this company is thinking beyond traditional media placement strategies. This is a lean startup environment where your pitching, placement, and media relationship skills will be visible immediately. If you’ve been looking to build a PR career with real ownership, a role like this offers direct access to leadership and editorial teams.

What They Need From You:

  • 5+ years of PR experience with a track record in journalism, digital media, or news-adjacent verticals
  • Deep, active relationships with journalists, editors, and producers
  • Ability to respond quickly to fast-moving news cycles with tight turnaround pitching
  • Experience supporting growth for podcast and digital media properties

Apply to the PR Specialist role at Osprey Studios

The Takeaway for Job Seekers

Today’s strongest listings share a common requirement that rarely appears in the bullet points: domain fluency. Fast Company wants someone who already knows the design world’s key players. Safe Routes Partnership needs a communicator who can parse policy language. Osprey Studios is looking for PR professionals with existing media relationships, not people who plan to build a contact list from scratch.

If you’re targeting roles like these, your application should lead with proof of that fluency. Link to published clips that demonstrate subject expertise. Name the relationships you’ve built. Show that you already speak the language of the community the organization serves. In a market where your public body of work functions as a living portfolio, generic applications won’t cut it.

Also on the Web

Beyond Mediabistro, these roles are also making waves across the industry:

Managing Editor, Denver Quarterly at University of Denver

Literary journal editing roles at this level don’t surface often. The Denver Quarterly has been publishing experimental fiction and poetry since 1965, making this a rare opportunity for candidates with both editorial chops and an appreciation for literary tradition.

Apply to the Managing Editor position at University of Denver

Managing Editor at Middlebury College

Another academic editorial posting, this one in Vermont with a listed hourly rate of $24.47 to $29.02. For editors looking to move into higher education communications, Middlebury’s brand carries significant weight.

Apply to the Managing Editor role at Middlebury College

Managing Editor, Editorial Services at Spectrum

The salary range of $108K to $229K makes this El Segundo-based role one of the highest-paying managing editor positions currently listed anywhere. That spread suggests Spectrum is willing to hire at multiple seniority levels for multiplatform news operations.

Apply to the Managing Editor position at Spectrum

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media-news

Celebrity Event Planner Michael Russo Shares Wedding Season Style and Celebration Tips on TipsOnTV

By Media News
2 min read • Published May 28, 2026
By Media News
2 min read • Published May 28, 2026

Ideas for Creating a Stylish and Memorable Wedding Celebration!

ATLANTA, GA / ACCESS Newswire / May 28, 2026 / Wedding season is in full swing, and couples, bridal parties, and guests are all looking for ways to make celebrations feel stylish, memorable, and stress-free. Celebrity event planner and luxury wedding designer Michael Russo is sharing timely advice and trend insights to help navigate every part of the season – from planning and preparation to fashion and finishing touches.

With more than 15 years of experience designing luxury events for high-profile celebrity clients, Russo discusses the latest wedding trends, common planning mistakes, and simple ways couples and guests can feel more confident and prepared for busy wedding celebrations. He also highlights beauty preparation tips, wedding guest fashion trends, and important details that are often overlooked during the excitement of the season.

SOMETHING THAT MIGHT BE OVERLOOKED

Preparation is a huge part of wedding season and not just for the couple, but for the bridal party and guests. This wedding season, be free from the hassle of constantly removing body hair with Philips Lumea IPL. Lumea uses Intense Pulsed Light to send hair follicles into a resting phase, slowing regrowth for years. No last-minute shaving mishaps or inconvenient waxing appointments before the big day. For long-lasting, hair-free smooth skin and salon-like smoothness right from home, get Lumea IPL exclusively on Amazon.

ANOTHER ITEM ON THE WEDDING CHECK-LIST

One important consideration that couples should not leave off their wedding checklists is getting dedicated jewelry insurance. A dedicated jewelry insurance policy, like one with Jewelers Mutual, can offer broader coverage than a typical homeowners policy and is tailored specifically for jewelry. It could cost less than a cup of coffee a month, and it is the easiest way to protect the symbols of your love and give you the confidence to wear them safely. Go to JewelersMutual.com to learn more about jewelry insurance backed by more than 110 years of expertise.

THE BIGGEST WEDDING FASHION TRENDS

People are embracing more romantic, elevated, and fashion-forward styles this season. This lace dress from David’s Bridal is a chic, modern take on summer wedding guest fashion, with a structured sweetheart neckline and sleek faux two-piece silhouette that is perfect for everything from formal weddings to cocktail celebrations. This season’s must-have shade, soft lavender, brings a fresh, romantic feel that is perfect for summer celebrations. It shows how guests are embracing polished styles that still feel fun, fresh, and wearable. Find the perfect wedding look at David’s Bridal.

POST/VIDEO

About TipsOnTV

TipsOnTV is a lifestyle blog featuring content as seen on national and local media outlets. Expert hosts share advice for viewers, listeners, and readers. TipsOnTV covers a variety of topics, including food, entertaining, personal finance, technology, travel, health, lifestyle, and more.

TipsOnTV@gmail.com

SOURCE: TipsOnTV

View the original press release on ACCESS Newswire

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Careers & Education

Scammers are using stolen identities to land jobs. Your resume could be next

Scammers are using stolen identities to land jobs. Your resume could be next
By Shawn Tyler for PeopleFinders
6 min read • Published May 28, 2026
By Shawn Tyler for PeopleFinders
6 min read • Published May 28, 2026

An HR professional reviewing a resume.

Ple Kulnipa // Shutterstock

Scammers are using stolen identities to land jobs. Your resume could be next

Since the post-pandemic shift to remote work, there’s been a noticeable spike in job scams, with 1 in 3 job seekers reporting stumbling across one. While these scams still successfully trap many inexperienced hopefuls, there’s better awareness about how to avoid them and report their perpetrators.

Unfortunately, though, today’s work culture, which is often run from behind screens, has given rise to another issue: employment-related identity theft. While it’s still a relatively new phenomenon, there were a whopping 37,556 cases reported in 2024 alone, according to the Financial Trade Commission — and those figures are growing.

Now is the time to learn what to look for and learn what to do if you think someone is using your identity to apply for jobs. PeopleFinders takes a closer look at how to spot employment identity fraud and what you can do to protect yourself.

A New Threat Emerges: Employment-Related Identity Fraud

Identity theft has always been a threat, but it was usually framed as a way for scammers to apply for social security benefits, credit cards, bank loans, or other methods of directly getting money using the stolen identity.

Today, a new subset of these scammers is playing the long game: Instead of moving right to trying to steal money directly, they’re applying for jobs using someone else’s name, Social Security number (SSN), and even contact information and likeness.

Why Do Scammers Steal Identities to Apply for Jobs?

Employment-related identity theft is usually committed by people who want to appear better-suited for a job than they actually are. It also helps scammers pass background checks and qualify for jobs they don’t meet all the eligibility requirements for. They may also use someone else’s identity to override location restrictions on some jobs.

4 Warning Signs that Someone is Using Your Identity to Apply for Jobs

The first sign your identity has been used in an employment-related scam is unusual correspondence. Here are some things to look out for.

1. An IRS Notice You Don’t Expect

The IRS sometimes sends notices if it suspects that your identity has been used by someone else to obtain employment. Here are some notices to look for:

  • CP01E Notice: Someone used your SSN to get a job, and the IRS placed an identity theft indicator on your tax account, monitoring any fraudulent activity.
  • CP2000 Series Notice: The income or payment information presented by a third-party (usually an employer) doesn’t match the information provided on your tax return. The difference can increase, decrease, or not affect the return at all. It may or may not include a response form.
  • CP2057 Notice: You may need to file an amended tax return because the return you filed doesn’t match information the IRS has received.

2. IRS Form W-2 or Form 1099 from an Unknown Employer

A Form W-2 or Form 1099 is required for any employer who pays an employee more than $600 a year and must be sent to each employee for tax filing. If you receive a Form W-2 or Form 1099 from an employer you don’t recognize, someone has been using your identity to solicit work.

3. Background Check Letters for Jobs You Didn’t Apply For

If you receive a letter at your residence asking for more information about you for a job you didn’t apply for, it’s a red flag that your identity is being used to land a job.

4. Adjusted or Denied Social Security Benefits

Finally, if the Social Security Administration sends you a notice that your benefits have been adjusted or denied based on earnings you don’t recognize, then it’s likely your identity was stolen.

I Think Someone Stole My Identity — Now What?

Depending on how you find out about the identity theft, you can take one or more of the following steps to report and stop the scam:

Get an Identity Protection PIN (IP PIN)

The IP PIN authenticates you as the valid filer of tax returns using your SSN. If you don’t have one yet, visit this page to get an IP PIN to verify your identity at the IRS.

Place a One-Year Fraud Alert at a Credit Bureau

You can do this step for free by contacting the bureaus through the links or toll-free numbers below. The bureau you call must alert the other two, so you don’t need to contact all three.

  • Equifax: 800-525-6285
  • Experian: 888-397-3742
  • Trans Union: 800-680-7289

Report Identity Theft to the FTC

Filing the complaint with the Federal Trade Commission can be done through this online form or by calling 1-877-438-4338.

Self-Lock Your SSN with the Department of Homeland Security (DHS)

The E-Verify service provided by the DHS has an option to Self-Lock your SSN, so whenever an employer tries to look up your SSN without you unlocking it first, it’ll be reported as a mismatch on the system.

File Form 14039 (Identity Theft Affidavit) with the IRS

Sometimes your taxes are implicated in the scam, and it isn’t discovered early enough. You should file Form 14039 with the IRS only if the IRS tells you to, if you can’t use the Identity and Tax Return Verification Service, or if you’re reporting an incident the IRS wasn’t aware of. You can also file for a dependent or a deceased person whose identity has been stolen.

Contact the Employer to Report the Fraud

If you receive direct communication from the company that employs the scammer using your identity, you can call their fraud department to report the incident.

(Optional) File a Report with Your Police Department

If the person stealing your identity is engaging in other illegal activity under your name, this might be an important step. The paperwork you’ll need with you while filing the report includes:

  • A copy of the FTC Identity Theft Report you filed.
  • A driver’s license or any other government-issued ID with a photo.
  • Proof of your address (mortgage statement, rental agreement, or utilities bill).
  • Any other proof you have of the theft (bills, IRS notices, etc.).

How to Protect Your Identity From Scammers

Identity theft can happen to anyone, but it’s not completely unavoidable. Here are a few ways you can protect yourself from scammers:

Install anti-phishing software and avoid clicking any suspicious links you receive via email or social media.

Shred any documents that include your SSN or any other vital information before you discard them; that way, dumpster divers can’t collect or sell your information.

Change your passwords frequently and store them in a safe place.

Be careful about what information you share about yourself online. The things you post about yourself on social media create vulnerabilities scammers can exploit to steal your vital information.

If you receive a suspicious email or message with a job offer you didn’t apply for, use a reverse email search tool to find out more about the sender. This step can help you report scammers to your local authorities and will prevent the same scam from happening to other people.

  • Pro Tip: During the initial phone interview, if they call you, use a reverse phone lookup to verify the number is associated with the company or confirm the caller’s identity.

As the economy shifts and fluctuates, you can expect new kinds of scams to arise, even if they don’t make much sense at first. It’s important to be aware that they exist, know how to protect yourself, and seek out the resources necessary to fix this problem if it arises.

This story was produced by PeopleFinders and reviewed and distributed by Stacker.

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Careers & Education
media-news

Pharmacy Podcast Network Recognized Among RXinsider's Pharmacy500 Best Businesses Inside Pharmacy for Third Consecutive Year

By Media News
3 min read • Published May 28, 2026
By Media News
3 min read • Published May 28, 2026

Three-year Pharmacy500 recognition highlights Pharmacy Podcast Network’s unique role in turning pharmacy media, public relations, podcasting, and targeted content distribution into business-development opportunities across the pharmacy profession.

PITTSBURGH, PA / ACCESS Newswire / May 28, 2026 / RxPR, LLC, doing business as the Pharmacy Podcast Network, is proud to announce that Pharmacy Podcast Network has been recognized as one of RXinsider’s Pharmacy500 Best Businesses Inside Pharmacy for the third year in a row, earning recognition in 2024, 2025, and 2026 as a Pharmacy Business Leader.

The Pharmacy500 recognizes companies and associations supporting pharmacy operations and the businesses that help dispensing pharmacies, pharmacy leaders, and the broader pharmacy supply chain move forward. For Pharmacy Podcast Network and RxPR, this recognition represents more than an award; it validates a unique media, public relations, and business development model built specifically for the pharmacy profession.

RxPR, LLC and the Pharmacy Podcast Network help pharmacy-focused companies turn awareness into business development. Through press releases, executive podcast interviews, social media content creation, thought leadership, and targeted distribution, RxPR and PPN connect pharmacy brands with an engaged audience of more than 85,000 pharmacy professionals per month. The agency’s work supports companies seeking stronger visibility with targeted buyers and potential partners across community pharmacy, long-term care pharmacy, LTC pharmacy at home, specialty pharmacy, compounding, health-system pharmacy, pharmacy technology, delivery, and other high-growth sectors.

Recent RxPR and Pharmacy Podcast Network campaigns have included national pharmacy conference coverage across the McKesson, Cencora, and Cardinal Health events; public relations support for independent pharmacy advocacy; partnership announcements involving IPC, iCare+, and Uber; visibility for ATRIUMX; the launch of Pharmacy CrossRoads; and continued expansion of the Pharmacy 50 Awards platform.

The Pharmacy 50 Awards, created by Pharmacy Podcast Network, helped establish a powerful peer-recognition model for honoring the most influential people in pharmacy. That program’s multi-year voting and recognition framework helped inspire broader conversations around influence, visibility, and leadership across the profession-ideas that align closely with the spirit of the Pharmacy500.

"To be recognized three years in a row by RXinsider’s Pharmacy500 is a powerful milestone for our team, our partners, and the pharmacy profession," said Todd Eury, Founder and CEO of RxPR, LLC and Pharmacy Podcast Network. "We built RxPR to be the most unique public relations and business development agency in pharmacy. Press releases are important, but when they are connected to podcast interviews, social media distribution, thought leadership, and targeted audience development, they become a business-development engine. Our mission is to help pharmacy companies build validity, earn attention, and connect with the buyers and partners who can move their organizations forward."

Companies interested in strengthening their pharmacy market presence are invited to connect with RxPR and Pharmacy Podcast Network to explore targeted campaigns that combine content, credibility, and pharmacy-specific distribution.

Contact Information

Todd Eury – CEO
RxPR, LLC.
eury@rxpr.net
412-585-4001

SOURCE: RxPR

View the original press release on ACCESS Newswire

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media-news

INEO Announces Upsizing of Previously Announced Private Placement Financing

By Media News
4 min read • Published May 28, 2026
By Media News
4 min read • Published May 28, 2026

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

SURREY, BC / ACCESS Newswire / May 28, 2026 / INEO Tech Corp. (TSX-V:INEO)(OTCQB:INEOF) (the "Company" or "INEO") announces that, further to its news release dated May 4, 2026, the Company intends to increase the maximum size of its previously announced non-brokered private placement financing from gross proceeds of up to $1,100,000 to gross proceeds of up to $1,500,000.

The financing is expected to be completed at a price of $0.01 per common share on a pre-consolidation basis, or $0.10 per common share on a post-consolidation basis, assuming completion of the Company’s proposed 1-for-10 share consolidation. The minimum closing condition of $500,000 remains unchanged.

The Company expects to use the additional proceeds from the upsized financing for working capital, inventory purchases, production requirements, customer deployment costs and general corporate purposes.

As previously announced, the Company has entered into an agreement to extend the maturity date of the Company’s existing $1,000,000 principal indebtedness from May 17, 2026 to December 17, 2027, subject to the Company completing a minimum $500,000 financing and the conversion of accrued interest owing on the note.

Also as previously announced, the note holder has agreed to convert accrued and unpaid interest under the existing promissory note in the amount of approximately $341,288, calculated as of May 17, 2026, into common shares of the Company at the same pricing basis as the financing. The Company also intends to convert approximately $116,600 of additional indebtedness into common shares at the same pricing basis as the financing.

Completion of the financing, the debt conversions, the share consolidation and the amendment to the promissory note remain subject to customary conditions, including approval of the TSX Venture Exchange. All securities issued in connection with the financing and debt conversion transactions will be subject to applicable resale restrictions, including a statutory hold period of four months and one day from the date of issuance. The Company may pay finder’s fees and/or finder’s warrants in connection with the financing in accordance with TSX Venture Exchange policies.

The securities of the Company have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

INEO Tech Corp.

Per: "Kyle Hall"

Kyle Hall, Chief Executive Officer and Director

About INEO Tech Corp. (TSX-V: INEO; OTCQB: INEOF)

INEO Tech Corp. builds technology at the intersection of in-store retail media and loss prevention. INEO’s patented integration of Electronic Article Surveillance (EAS) pedestals with digital displays helps retailers reduce theft while generating incremental retail media revenue from the same footprint. INEO is headquartered in Surrey, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange (INEO) and the OTCQB (INEOF).

Websites: www.ineosolutionsinc.com & www.ineoretailmedia.com

LinkedIn: www.linkedin.com/company/ineosolutions

Forward-Looking Statements

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors – including the availability of funds, acceptance of the Company’s products, competition, and general market conditions – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed on SEDAR, including the Annual Financial Statements and MD&A for the year ended June 30, 2025 and its subsequently filed interim financial statements and MD&A. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Kyle Hall
CEO, INEO Tech Corp.
604-244-1895
investor@ineosolutionsinc.com

SOURCE: INEO Tech Corp

View the original press release on ACCESS Newswire

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media-news

INEO Tech Corp. Reports Record Quarterly Revenue For Fiscal Q3 FY2026

By Media News
3 min read • Published May 28, 2026
By Media News
3 min read • Published May 28, 2026

SURREY, BC / ACCESS Newswire / May 28, 2026 / INEO Tech Corp. (TSX-V:INEO)(OTCQB:INEOF) (the "Company" or "INEO"), a retail technology company modernizing store entrance infrastructure through connected loss prevention, digital media and operational intelligence solutions, today announced its financial results for the three months ended March 31, 2026 (the "Quarter"). The Company’s unaudited interim condensed consolidated financial statements and management’s discussion and analysis have been filed and are available under the Company’s profile on SEDAR+.

Record Quarterly Revenue
For the Quarter, INEO reported revenue of $586,589, which represents the highest quarterly revenue in the Company’s history. The Company’s previous year’s quarter was $456,001 (fiscal Q3 2025), making the current Quarter an increase of $130,588, or 28.6%.

Backlog and Current Quarter Shipments
As previously announced in the Company’s April 28, 2026 news release, as of that date the Company had confirmed orders for more than 425 systems pending production or delivery. The Company continues to execute against this order backlog and is shipping systems during the current quarter. Revenue recognition is expected to occur as systems are shipped in accordance with customer requirements.

The Company will host an investor webinar, "INEO Investor Update: Q3 Results and Strategic Outlook," on Thursday, May 28, 2026 at 10:00 a.m. Pacific Time.

During the webinar, INEO management will review the Company’s Q3 financial results, provide an update on recent operational progress and discuss the Company’s strategic priorities as it continues to scale its connected loss prevention, digital media and retail technology platform.

Webinar Details

Title: INEO Investor Update: Q3 Results and Strategic Outlook
Date: Thursday, May 28, 2026
Time: 10:00 a.m. Pacific Time
Registration: https://bit.ly/INEO-Q3-Webinar

Investors and interested stakeholders are encouraged to register in advance using the link above.

INEO Tech Corp.

Per: "Kyle Hall"

Kyle Hall, Chief Executive Officer and Director

About INEO Tech Corp. (TSX-V:INEO)(OTCQB:INEOF)

INEO Tech Corp. builds technology at the intersection of in-store retail media and loss prevention. INEO’s patented integration of Electronic Article Surveillance (EAS) pedestals with digital displays helps retailers reduce theft while generating incremental retail media revenue from the same footprint. INEO is headquartered in Surrey, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange (INEO) and the OTCQB (INEOF).

Websites: www.ineosolutionsinc.com and www.ineoretailmedia.com

LinkedIn: www.linkedin.com/company/ineosolutions

Forward-Looking Statements

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors – including the availability of funds, acceptance of the Company’s products, competition, and general market conditions – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s public filings available on SEDAR+, including the MD&A for the year ended June 30, 2025 and the interim filings for the period ended March 31, 2026. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Kyle Hall
CEO, INEO Tech Corp.
604-244-1895
investor@ineosolutionsinc.com

SOURCE: INEO Tech Corp

View the original press release on ACCESS Newswire

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media-news

Reservoir Media Announces Fourth Quarter and Fiscal Year 2026 Results

By Media News
16 min read • Published May 28, 2026
By Media News
16 min read • Published May 28, 2026

Strong Execution and Substantial Capital Deployment Drove Record Financial Performance and High-Quality Portfolio Expansion

Fiscal 2027 Financial Outlook of Mid-Single-Digit Top- and Bottom-Line Growth

NEW YORK, NY / ACCESS Newswire / May 28, 2026 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced financial results for the fourth quarter and full year for fiscal 2026 ended March 31, 2026.

Fiscal Year 2026 Highlights:

  • Revenue of $175.7 million, increased 6% organically, or 11% including acquisitions year-over-year

    • Music Publishing Revenue increased 9% year-over-year

    • Recorded Music Revenue increased by 16% year-over-year

  • Operating Income of $38.2 million, increased by 9% year-over-year

  • OIBDA ("Operating Income Before Depreciation & Amortization") of $69.0 million, increased by 12% year-over-year

  • Net Income $7.8 million, or $0.13 per diluted share, compared to Net Income of $7.7 million last year, or $0.12 per diluted share

  • Adjusted EBITDA of $73.6 million, up 12% year-over-year

  • Acquired the publishing catalog of music and cultural icon Miles Davis, as well as rights to his recorded music and shared rights to name and likeness

  • Reinforced relationships with existing clients:

    • Announced a new deal with film composer Hans Zimmer and his company, Remote Control Publishing, extending the relationship that began in 2015

    • Extended publishing deals with music legend Joni Mitchell and Grammy award-winning songwriter and producer Khris Riddick-Tynes

  • Expanded Reservoir’s international footprint with the launch of Mumbai-based subsidiary, PopIndia, to sign and develop talent in India, including the company’s first deals signing singer, songwriter, rapper, and YouTube star Yohani and acquiring the publishing and master rights to the entire Musicraft Entertainment catalog

  • Expanded the Recorded Music division with a multi-faceted deal with independent record label Fool’s Gold Records, including acquiring catalog master rights of several of the label’s artists and an exclusive partnership to market and distribute all other recordings on Fool’s Gold via the Reservoir label platform

Fourth Quarter 2026 & Recent Highlights:

  • Revenue of $47.5 million, increased 12% organically, or 15% including acquisitions year-over-year

    • Music Publishing Revenue increased 11% year-over-year

    • Recorded Music Revenue increased 27% year-over-year

  • Operating Income of $11.8 million, increased by 13% year-over-year

  • OIBDA of $19.9 million, increased by 16% year-over-year

  • Net Income of $4.1 million, or $0.07 per diluted share, compared to Net Income of $2.7 million in the year-ago period, or $0.04 per diluted share

  • Adjusted EBITDA of $21.2 million, up 16% year-over-year

  • Announced new publishing deals with country/pop songwriter Allison Veltz Cruz, multi-genre songwriter-producer Britten Newbill, U.K. singer-songwriter Benjamin Francis Leftwich, and Nashville singer-songwriter Sam Tinnesz

  • Reservoir subsidiary PopArabia acquired MENA label and digital distribution company Viral Wave

Management Commentary:

"Fiscal 2026 was another standout year for Reservoir, marked by strong growth and continued strategic investment. We expanded our catalog across publishing and recorded music, scaled our presence in high-growth international markets, and reinforced our reputation as the partner of choice for leading creators. This momentum is reflected in our partnerships with iconic talent and catalogs, including Miles Davis, Hans Zimmer, Joni Mitchell, and many more," said Golnar Khosrowshahi, Founder and Chief Executive Officer of Reservoir Media.

Khosrowshahi continued, "Looking ahead, the outlook for the music industry remains highly compelling. With a robust deal pipeline and a financial profile that supports both organic growth and disciplined capital deployment, we are well positioned to extend our track record of growth. As we enter Fiscal 2027, we remain focused on delivering for our creators and generating long-term value for shareholders."

Fourth Quarter & Fiscal Year 2026 Financial Results

Summary Financials

Q4’26

Q4’25

Change

FY26

FY25

Change

Total Revenue

$

47.5

$

41.4

15

%

$

175.7

$

158.7

11

%

Music Publishing Revenue

$

30.9

$

27.9

11

%

$

116.8

$

107.4

9

%

Recorded Music Revenue

$

15.2

$

12.0

27

%

$

51.5

$

44.3

16

%

Operating Income

$

11.8

$

10.4

13

%

$

38.2

$

35.1

9

%

OIBDA

$

19.9

$

17.2

16

%

$

69.0

$

61.4

12

%

Net Income

$

4.1

$

2.7

49

%

$

7.8

$

7.7

1

%

Adjusted EBITDA

$

21.2

$

18.2

16

%

$

73.6

$

65.7

12

%

(Table Notes: $ in millions; Quarters ended March 31st; Unaudited)

Total Revenue in the fourth quarter of fiscal 2026 increased 15% to $47.5 million, compared to $41.4 million in the fourth quarter of fiscal 2025. The increase was spread across both Music Publishing and Recorded Music, which saw growth of 11% and 27%, respectively. Total Revenue for fiscal 2026 increased 11% to $175.7 million, compared to $158.7 million in fiscal 2025. The year-over-year improvement was driven by the 9% growth of the Music Publishing segment and the 16% growth of the Recorded Music segment, inclusive of the acquisitions of various catalogs.

Operating Income in the fourth quarter of fiscal 2026 was $11.8 million, an increase of 13% compared to Operating Income of $10.4 million in the fourth quarter of fiscal 2025. OIBDA in the fourth quarter of fiscal 2026 increased 16% to $19.9 million, compared to $17.2 million in the prior year quarter. Adjusted EBITDA in the fourth quarter of fiscal 2026 was $21.2 million, compared to $18.2 million last year. The increases in Operating Income, OIBDA, and Adjusted EBITDA in the fourth quarter were primarily driven by strong revenue results in both segments. The gain in all three metrics was partially offset by higher administration expenses, while the increase in operating income was also partially offset by higher amortization and depreciation expense due to the acquisition of catalogs.

Operating Income in fiscal 2026 was $38.2 million, an increase of 9% compared to Operating Income of $35.1 million in fiscal 2025. OIBDA in fiscal 2026 increased 12% to $69.0 million, compared to $61.4 million in the prior year. Adjusted EBITDA in fiscal 2026 increased 12% to $73.6 million, compared to $65.7 million last year. The increase in Operating Income, OIBDA, and Adjusted EBITDA for the year was driven by revenue growth and lower cost of revenue as a percentage of revenues. See below for calculations and reconciliations of OIBDA and Adjusted EBITDA to Operating Income and Net Income, respectively.

Net Income in the fourth quarter of fiscal 2026 was $4.1 million, or $0.07 per share, compared to $2.7 million, or $0.04 per share, in the year-ago quarter. The increase in Net Income for the fourth quarter was driven by higher operating income and the gain on fair value of interest rate swaps, offset by higher interest expense and loss on foreign exchange. Net Income in fiscal year 2026 was $7.8 million, or $0.13 per diluted share, compared to $7.7 million, or $0.12 per share in fiscal year 2025. The year-over-year increase in Net Income was largely due to an increase in operating income, as well as a decrease in the loss on fair value of interest rate swaps, partially offset by increases in interest expense and income tax expense.

Fourth Quarter & Fiscal Year 2026 Segment Review

Music Publishing

Q4’26

Q4’25

Change

FY26

FY25

Change

Revenue by Type
Digital

$

16.9

$

13.6

24

%

$

64.7

$

60.5

7

%

Performance

$

5.5

$

6.5

(16

)%

$

24.0

$

21.1

14

%

Synchronization

$

5.8

$

5.5

6

%

$

19.1

$

18.2

5

%

Mechanical

$

1.3

$

1.2

16

%

$

4.2

$

3.9

9

%

Other

$

1.4

$

1.2

20

%

$

4.8

$

3.7

30

%

Total Revenue

$

30.9

$

27.9

11

%

$

116.8

$

107.4

9

%

OIBDA

$

11.0

$

10.5

5

%

$

40.9

$

37.3

9

%

(Table Notes: $ in millions; Quarters ended March 31st; Unaudited)

Music Publishing Revenue in the fourth quarter of fiscal 2026 was $30.9 million, an increase of 11% compared to $27.9 million in last fiscal year’s fourth quarter. The increase was largely driven by higher Digital revenue and Synchronization revenue, which was partially offset by lower Performance revenue. Music Publishing Revenue in fiscal 2026 was $116.8 million, representing an increase of 9% compared to $107.4 million in fiscal 2025. Growth for the year was driven by Digital revenue as well as double-digit gains in Performance and Other revenue, while all other revenue types grew but to a lesser extent.

In the fourth quarter of fiscal 2026, Music Publishing OIBDA increased 5% to $11.0 million, compared to $10.5 million in the fourth quarter of fiscal 2025. During fiscal 2026, Music Publishing OIBDA increased 9% to $40.9 million, compared to $37.3 million in fiscal 2025. Music Publishing OIBDA margin in the fourth quarter decreased from 37% to 36%. Music Publishing OIBDA margin in fiscal 2026 was unchanged at 35%. The decrease in the fourth quarter 2026 OIBDA margins reflected higher administrative costs including professional fees incurred in connection with our acquisition of Viral Wave.

Recorded Music

Q4’26

Q4’25

Change

FY26

FY25

Change

Revenue by Type
Digital

$

10.3

$

8.8

17

%

$

36.4

$

30.7

18

%

Physical

$

1.8

$

1.3

35

%

$

6.1

$

6.2

(1

)%

Neighboring Rights

$

1.4

$

1.1

18

%

$

4.7

$

4.2

11

%

Synchronization

$

1.7

$

0.7

161

%

$

4.3

$

3.1

39

%

Total Revenue

$

15.2

$

12.0

27

%

$

51.5

$

44.3

16

%

OIBDA

$

8.7

$

6.5

34

%

$

26.9

$

22.7

18

%

(Table Notes: $ in millions; Quarters ended March 31st; Unaudited)

Recorded Music Revenue in the fourth quarter of fiscal 2026 was $15.2 million, an increase of 27% compared to $12.0 million in last fiscal year’s fourth quarter. Recorded Music Revenue in fiscal 2026 was $51.5 million, an increase of 16% compared to $44.3 million in fiscal 2025. Growth in both periods was driven by a double-digit improvement within Digital revenues and strong growth in Synchronization revenues, which were partially offset by lower Physical revenue in fiscal 2026.

In the fourth quarter of fiscal 2026, Recorded Music OIBDA increased 34% to $8.7 million, versus $6.5 million in the year-ago period. During fiscal 2026, Recorded Music OIBDA increased 18% to $26.9 million, compared to $22.7 million in fiscal 2025. Recorded Music OIBDA margin in the fourth quarter increased from 54% to 57%, and in fiscal 2026 increased from 51% to 52%. The increase in the fourth quarter and fiscal 2026 OIBDA margins reflected an increase in revenue as well as lower cost of revenue as a percentage of revenues and improved operating leverage as revenues increased.

Balance Sheet and Liquidity

During fiscal 2026, cash provided by operating activities was $50.1 million, an increase of $4.9 million compared to the same period last fiscal year. The increase in cash provided by operating activities was primarily attributable to an increase in earnings and cash provided by working capital.

As of March 31, 2026, Reservoir had cash and cash equivalents of $25.9 million and $91.2 million available for borrowing under its revolving credit facility, for total available liquidity of $117.1 million. Total debt was $455.7 million (net of $3.1 million of deferred financing costs) and Net Debt was $429.8 million (defined as total debt, less cash and equivalents and deferred financing costs). This compares to cash and cash equivalents of $21.4 million and $58.2 million available for borrowing under its revolving credit facility, for total available liquidity of $79.6 million as of March 31, 2025. Total debt was $388.1 million (net of $3.7 million of deferred financing costs) and Net Debt was $366.7 million as of March 31, 2025.

Fiscal Year 2027 Outlook

Reservoir initiated the following financial outlook range for fiscal year 2027, and expects the financial results for the year ending March 31, 2027, to be as follows:

Outlook

Guidance

Growth
(at mid-point)
Revenue

$186M – $191M

7%

Adjusted EBITDA

$75M – $79M

5%

Jim Heindlmeyer, Chief Financial Officer of Reservoir, commented, "Our full-year 2026 results underscore the strength and resilience of our portfolio, with growth driven by a disciplined approach to both investments and cost. Looking ahead to fiscal 2027, we are well positioned for continued growth due to the strength of our catalog and our proven ability to unlock additional value. This is reflected in our guidance for 7% Revenue growth and 5% Adjusted EBITDA growth at the midpoints."

Conference Call Information

Reservoir is hosting a conference call for analysts and investors to discuss its financial results for the fourth quarter and fiscal year ended March 31, 2026, and its business outlook at 10:00 a.m. EDT today, May 28, 2026. The conference call can be accessed via webcast in the investor relations section of the Company’s website at https://investors.reservoir-media.com/news-and-events/events-and-presentations.

Interested parties may also participate in the call using the following registration link: Here. Once registered, participants will receive a webcast link to enter the event. Alternatively, participants may dial into the call using the following phone number: +1 201-389-0921 (Toll-free: +1 877-407-0989). Shortly after the conclusion of the conference call, a replay of the audio webcast will be available in the investor relations section of Reservoir’s website for 30 days after the event.

ABOUT RESERVOIR

Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai. Reservoir is the first female-founded and led publicly traded independent music company in the U.S. Founded as a family-owned music publisher in 2007, Reservoir represents copyrights and master recordings including titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir frequently holds a Top 10 U.S. Market Share according to Billboard’s Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide’s The A&R Awards and won Independent Publisher of the Year at the 2020 and 2022 Music Week Awards.

Reservoir also represents a multitude of recorded music through Chrysalis Records, Tommy Boy Music, and Philly Groove Records and manages artists through its ventures with Blue Raincoat Music and Big Life Management.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. Forward-looking statements are typically identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "outlook," "plan," "possible," "potential," "predict," "project," "should," "target," "would" and other similar words and expressions. Forward-looking statements in this press release relate to, among other things: Reservoir’s anticipated financial condition, results of operations and performance, expected growth, plans and objectives for future operations, business prospects and market conditions. Forward-looking statements are based on the current expectations and beliefs of management and information currently available to management. These statements are inherently subject to a number of risks, uncertainties and assumptions, many of which are outside of our control and could cause future events or results to be materially different from those stated or implied in this press release, including the risk factors that are described in Reservoir’s Annual Report on Form 10-K for the year ended March 31, 2026 and our other filings with the SEC available on the SEC’s website at www.sec.gov or Reservoir’s website at www.reservoir-media.com. Any forward-looking statement made in this press release speaks only as of the date on which it is made and Reservoir undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Reservoir Media, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
Three and Twelve Months Ended March 31, 2026 versus March 31, 2025
(Unaudited)
(Expressed in U.S. dollars)

Three Months Ended
March 31,

Fiscal Year Ended
March 31,

2026

2025

% Change

2026

2025

% Change

Revenues

$

47,497,268

$

41,417,784

15

%

$

175,664,491

$

158,705,736

11

%

Costs and expenses:
Cost of revenue

16,068,359

14,249,476

13

%

61,991,231

57,430,005

8

%

Amortization and depreciation

8,123,137

6,770,836

20

%

30,783,011

26,299,233

17

%

Administration expenses

11,535,654

9,977,954

16

%

44,659,434

39,915,464

12

%

Total costs and expenses

35,727,150

30,998,266

15

%

137,433,676

123,644,702

11

%

Operating income

11,770,118

10,419,518

13

%

38,230,815

35,061,034

9

%

Interest expense

(6,830,013

)

(6,086,654

)

(26,451,641

)

(21,883,321

)

Loss (gain) on foreign exchange

(389,347

)

750,493

230,549

578,251

Gain (loss) on fair value of swaps

1,232,583

(1,681,378

)

(350,960

)

(4,213,819

)

Other (expense) income, net

(146,625

)

(80,798

)

(504,221

)

329,976

Income before income taxes

5,636,716

3,321,181

11,154,542

9,872,121

Income tax expense

1,573,362

600,135

3,328,027

2,140,724

Net income

4,063,354

2,721,046

7,826,515

7,731,397

Net loss (income) attributable to noncontrolling interests

341,143

(53,584

)

476,149

18,516

Net income attributable to Reservoir Media, Inc.

$

4,404,497

$

2,667,462

$

8,302,664

$

7,749,913

Earnings per common share:
Basic

$

0.07

$

0.04

$

0.13

$

0.12

Diluted

$

0.07

$

0.04

$

0.13

$

0.12

Weighted average common shares outstanding:
Basic

65,608,517

65,248,387

65,536,506

65,161,373

Diluted

66,554,575

66,077,568

66,307,433

65,949,366

Reservoir Media, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
March 31, 2026 versus March 31, 2025
(Unaudited)
(Expressed in U.S. dollars)

March 31,
2026

March 31,
2025

Assets
Current assets
Cash and cash equivalents

$

25,927,462

$

21,386,140

Accounts receivable

40,832,075

37,848,611

Current portion of royalty advances

16,368,968

15,182,463

Other current assets

9,409,757

4,867,081

Total current assets

92,538,262

79,284,295

Intangible assets, net

788,740,821

719,673,219

Equity method and other investments

2,830,766

1,100,000

Royalty advances, net of current portion and reserves

54,128,586

55,508,155

Property and equipment, net

661,986

406,784

Operating lease right of use assets, net

7,889,862

5,949,418

Fair value of swap assets

1,356,878

1,828,303

Other assets

1,529,920

1,376,836

Total assets

$

949,677,081

$

865,127,010

Liabilities
Current liabilities
Accounts payable and accrued liabilities

$

4,116,221

$

5,394,755

Royalties payable

52,323,565

47,210,727

Accrued payroll

2,672,350

2,588,758

Deferred revenue

2,472,734

1,885,462

Other current liabilities

3,408,651

7,954,208

Income taxes payable

547,932

803,342

Total current liabilities

65,541,453

65,837,252

Secured line of credit

455,705,468

388,134,754

Deferred tax liability

41,786,064

38,228,099

Operating lease liabilities, net of current portion

7,445,152

5,723,930

Fair value of swap liability

289,543

410,008

Other liabilities

345,149

593,185

Total liabilities

571,112,829

498,927,228

Contingencies and commitments
Shareholders’ Equity
Preferred stock

–

–

Common stock

6,561

6,524

Additional paid-in capital

346,933,189

344,145,789

Retained earnings

31,450,234

23,147,570

Accumulated other comprehensive loss

(670,772

)

(2,422,107

)

Total Reservoir Media, Inc. shareholders’ equity

377,719,212

364,877,776

Noncontrolling interest

845,040

1,322,006

Total shareholders’ equity

378,564,252

366,199,782

Total liabilities and shareholders’ equity

$

949,677,081

$

865,127,010

Supplemental Disclosures Regarding Non-GAAP Financial Measures

This press release includes certain financial information, such as OIBDA, OIBDA margin, EBITDA, Adjusted EBITDA, and Net Debt, which has not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Reservoir’s management uses these non-GAAP financial measures to evaluate Reservoir’s operations, measure its performance and make strategic decisions. Reservoir believes that the use of these non-GAAP financial measures provides useful information to investors and others in understanding Reservoir’s results of operations and trends in the same manner as Reservoir’s management and in evaluating Reservoir’s financial measures as compared to the financial measures of other similar companies, many of which present similar non-GAAP financial measures. However, these non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by Reservoir’s management about which items are excluded or included in determining these non-GAAP financial measures and, therefore, should not be considered as a substitute for net income, operating income or any other operating performance measures calculated in accordance with GAAP. Using such non-GAAP financial measures in isolation to analyze Reservoir’s business would have material limitations because the calculations are based on the subjective determination of Reservoir’s management regarding the nature and classification of events and circumstances. In addition, although other companies in Reservoir’s industry may report measures titled OIBDA, OIBDA margin, Adjusted EBITDA, and Net Debt, or similar measures, such non-GAAP financial measures may be calculated differently from how Reservoir calculates such non-GAAP financial measures, which reduces their overall usefulness as comparative measures. Because of these limitations, such non-GAAP financial measures should be considered alongside other financial performance measures and other financial results presented in accordance with GAAP. You can find the reconciliation of these non‐GAAP financial measures to the nearest comparable GAAP measures in the tables below.

OIBDA

Reservoir evaluates operating performance based on several factors, including its primary financial measure of operating income before non-cash depreciation of tangible assets and non-cash amortization of intangible assets ("OIBDA"). Reservoir considers OIBDA to be an important indicator of the operational strengths and performance of its businesses and believes this non-GAAP financial measure provides useful information to investors because it removes the significant impact of amortization from Reservoir’s results of operations. However, a limitation of the use of OIBDA as a performance measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in Reservoir’s businesses and other non-operating income (loss). Accordingly, OIBDA should be considered in addition to, not as a substitute for, operating income, net income attributable to us and other measures of financial performance reported in accordance with GAAP. In addition, our definition of OIBDA may differ from similarly titled measures used by other companies. OIBDA Margin is defined as OIBDA as a percentage of revenue.

EBITDA and Adjusted EBITDA

EBITDA is defined as earnings (net income or loss) before net interest expense, income tax (benefit) expense, non-cash depreciation of tangible assets and non-cash amortization of intangible assets and is used by management to measure operating performance of the business. Adjusted EBITDA, in addition to adjusting net income to exclude income tax expense, interest expense and depreciation and amortization, further adjusts net income by excluding items or expenses such as, among others, (1) any non-cash charges (including any impairment charges and loss on early extinguishment of debt and to write-down an equity investment to its estimated fair value), (2) any net gain or loss on foreign exchange, (3) any net gain or loss resulting from interest rate swaps, (4) equity-based compensation expense and (5) certain unusual or non-recurring items.

Adjusted EBITDA is a key measure used by Reservoir’s management to understand and evaluate operating performance, generate future operating plans, and make strategic decisions regarding the allocation of capital. However, certain limitations on the use of Adjusted EBITDA include, among others, (1) it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenue for Reservoir’s business, (2) it does not reflect the significant interest expense or cash requirements necessary to service interest or principal payments on Reservoir’s indebtedness and (3) it does not reflect every cash expenditure, future requirements for capital expenditures or contractual commitments. In particular, Adjusted EBITDA measure adds back certain non-cash, unusual or non-recurring charges that are deducted in calculating net income; however, these are expenses that may recur, vary greatly and are difficult to predict. In addition, Adjusted EBITDA is not the same as net income or cash flow provided by operating activities as those terms are defined by GAAP and does not necessarily indicate whether cash flows will be sufficient to fund cash needs.

Net Debt

Reservoir defines Net Debt as total debt, less cash and equivalents and deferred financing costs.

Reservoir Media, Inc. and Subsidiaries
Reconciliation of Operating Income to OIBDA
Three and Twelve Months Ended March 31, 2026 versus March 31, 2025
(Unaudited)
(Dollars in thousands)

For the Three Months Ended March 31,

For the Fiscal Year Ended March 31,

2026

2025

2026

2025

Revenues

$

47,497

$

41,418

$

175,664

$

158,706

Cost of revenue

16,068

14,249

61,991

57,430

Administration expenses

11,536

9,978

44,659

39,915

OIBDA

19,893

17,190

69,014

61,360

Amortization and depreciation

8,123

6,771

30,783

26,299

Operating income

$

11,770

$

10,419

$

38,231

$

35,061

Reservoir Media, Inc. and Subsidiaries
Music Publishing Segment OIBDA
Three and Twelve Months Ended March 31, 2026 versus March 31, 2025
(Unaudited)
(Dollars in thousands)

For the Three Months Ended March 31,

For the Fiscal Year Ended March 31,

2026

2025

2026

2025

Revenues

$

30,873

$

27,923

$

116,803

$

107,412

Cost of revenue

12,369

11,012

48,470

45,161

Administration expenses

7,538

6,458

27,445

24,907

OIBDA

$

10,966

$

10,452

$

40,888

$

37,345

Reservoir Media, Inc. and Subsidiaries
Recorded Music Segment OIBDA
Three and Twelve Months Ended March 31, 2026 versus March 31, 2025
(Unaudited)
(Dollars in thousands)

For the Three Months Ended March 31,

For the Fiscal Year Ended March 31,

2026

2025

2026

2025

Revenues

$

15,215

$

11,963

$

51,514

$

44,250

Cost of revenue

3,699

3,237

13,521

12,269

Administration expenses

2,829

2,230

11,129

9,232

OIBDA

$

8,687

$

6,496

$

26,864

$

22,749

Reservoir Media, Inc. and Subsidiaries
Reconciliation of Net Income to Adjusted EBITDA
Three and Twelve Months Ended March 31, 2026 versus March 31, 2025
(Unaudited)
(Dollars in thousands)

For the Three Months Ended March 31,

For the Fiscal Year Ended March 31,

2026

2025

2026

2025

Net Income

$

4,064

$

2,721

$

7,827

$

7,731

Income Tax Expense

1,573

600

3,328

2,141

Interest Expense

6,830

6,086

26,452

21,883

Amortization and Depreciation

8,123

6,771

30,783

26,299

EBITDA

20,590

16,178

68,390

58,054

Loss (Gain) on Foreign Exchange(a)

389

(750

)

(231

)

(578

)

(Gain) Loss on Fair Value of Swaps(b)

(1,233

)

1,682

351

4,214

Non-cash Share-based Compensation(c)

933

1,051

4,272

4,385

Transaction Costs(d)

328

–

328

–

Other Expense (Income), Net(e)

146

81

504

(330

)

Adjusted EBITDA

$

21,153

$

18,242

$

73,614

$

65,745

  1. Reflects the loss (gain) on foreign exchange fluctuations.

  2. Reflects the non-cash (gain) or loss on the mark-to-market of interest rate swaps.

  3. Reflects non-cash share-based compensation expense related to the Reservoir Media, Inc. 2021 Omnibus Incentive Plan.

  4. Reflects professional fees incurred in connection with the acquisition of Viral Wave, which closed in April 2026, and by the independent special committee ("Special Committee") of the Company’s Board of Directors. The Special Committee was formed to evaluate the previously disclosed non-binding and unsolicited acquisition proposals received by the Company.

  5. Reflects Reservoir’s share of losses recorded by equity method investments during the three and twelve months ended March 31, 2026. Reflects a gain recorded on the disposal of an equity investment (the "Investment Gain") and the Company’s share of proceeds related to underreported royalty usage for an acquired Recorded Music catalog that pertained to periods prior to the Company’s acquisition of the catalog ("Recovery Income") during the three and twelve months ended March 31, 2025.

Media Contact
Reservoir Media, Inc.
Suzy Arrabito
Vice President, Marketing & Communications
sa@reservoir-media.com
www.reservoir-media.com

Investor Contact
Alpha IR Group
Jackie Marcus or Nathan Skown
RSVR@alpha-ir.com

SOURCE: Reservoir Media, Inc.

View the original press release on ACCESS Newswire

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