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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 Media Management UK Limited (f/k/a Reservoir/Reverb Music Limited)

England and Wales

100.00%

Big Life Management Limited

England and Wales

100.00%

RISTER PROD

France

100.00%

Shapiro, Bernstein & Co. Limited

England and Wales

100.00%

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%

New State Holdings Limited

England and Wales

100.00%

New State Entertainment Limited

England and Wales

100.00%

New State Entertainment (Music Rights) 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.