Exhibit 21.1

Subsidiaries of the Registrant

Name	Jurisdiction of Organization	% Ownership*
Reservoir Holdings, Inc.	Delaware		100.00	%
Reservoir Media Management, Inc.	Delaware		100.00	%
Tommy Boy Music, LLC	Delaware		100.00	%
Reservoir/Reverb Music Limited	England and Wales		100.00	%
Big Life Music Limited	England and Wales		50.00	%
Big Life Management Limited	England and Wales		50.00	%
Shapiro, Bernstein & Co. Limited	England and Wales		100.00	%
Outdustry Limited	England and Wales		15.34	%
PopArabia FZ-LLC	Abu Dhabi Media Free Zone, United Arab Emirates		51.00	%
Esmaa Arabia FZ-LLC	Abu Dhabi Media Free Zone, United Arab Emirates		100.00	%
Blue Raincoat Music Limited	England and Wales		100.00	%
Chrysalis Records Limited	England and Wales		100.00	%
Ensign Records Limited	England and Wales		100.00	%
Blue Raincoat Artists Limited	England and Wales		50.10	%
Audio Up Inc.	Delaware		<1.00%

* Ownership percentages relate to that of the entity directly above, with indentation used to reflect intermediary levels of ownership.