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  "documentTitle": "Reservoir | SPAC Presentation Deck | 59 slides",
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  "authorName": "Reservoir",
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  "presentationDate": "2021-04-01 00:00:00",
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  "notes": "The slide serves as an industry primer for investors or stakeholders unfamiliar with music publishing economics.",
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      "kind": "list",
      "text": "RESPONSIBILITY OF PUBLISHER: Monetization & exploitation. Catalog: identify high-quality legacy catalogs. Futures: find songwriters to sign and develop. Both: pitch songs for film, tv, advertising, etc.",
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      "text": "IP RIGHTS: Songs owned by publisher or songwriter; Catalog = previously released songs; Futures = songwriters under active contract who are writing new songs",
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      "text": "PROTECTED ASPECT OF WORK: Notes & lyrics",
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      "kind": "list",
      "text": "INCOME: Royalty income paid on every version of the song typically split between publisher (NPS) and songwriter (writer's share/royalties)",
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      "text": "KEY CASH FLOW METRICS: Revenue / Gross Royalties (-) Writer Royalties = Net Publisher Share (NPS) (-) Operating Expenses = EBITDA Amortization Advances Recoupments Capex",
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      "text": "MUSIC 101",
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