Transaction includes producer royalties to some of the most successful albums of all time
Round Hill Music Royalty Partners has announced it has acquired the producer royalties and related rights of legendary music producer Steve Lillywhite. Financial terms of the transaction were not disclosed.
Lillywhite is recognized as being one of the most acclaimed and successful producers in rock and roll, producing or contributing to more than 500 records from some of the most recognizable and beloved recording artists of all time. The deal includes U2’s Boy, October and War; Dave Matthews Band’s Under The Table and Dreaming, Crash, and Before These Crowded Streets; The Rolling Stones’ Dirty Work; Phish’s Billy Breathes; and more.
In 2005, he won the Grammy for Producer of The Year and was the producer for U2’s How to Dismantle an Atomic Bomb, which won the Grammy for Album of the Year and Best Rock Album, respectively. He won a Grammys for Record of the Year in 2000 and 2001 for his work on aU2’s “Beautiful Day” “Walk On,” respectively.
“As someone who grew up idolizing the bands and albums Steve Lillywhite produced, it is an honor to partner with him on this exciting transaction,” states Josh Gruss, Chief Executive Officer of Round Hill Music. “Steve’s catalog includes royalties to some of the most sought-after songs and albums of all time. We are thrilled to have reached this milestone transaction.”
“I am grateful to have found in Josh Gruss a kindred spirit who is a pioneer in the music royalty business and the ideal partner for me and my family as I look to my next steps,” Lillywhite adds.
This transaction builds on one of the most active years in Round Hill Music’s 12-year history, which saw the firm invest more than $200 million across more than 40 acquisitions.
