Round Hill Music Royalty Partners received royalties Steve Lillywhiteone of the major rock producers of the past 45 years, in a deal that includes his share of the royalties from albums such as U2's October And the war; Dave Matthews Band's Under the table and dream And the collide - collide; And the The rolling stones" Dirty business. The terms of the deal were not disclosed.
Additional recordings that Lillywhite worked on as producer or work on are covered under the deal, including music by fraudAnd the Peter GabrielAnd the MorrisseyAnd the talking headsAnd the Counting crowsAnd the Siouxsie and the Banshees And the dope fur.
“As someone who grew up adoring the bands and albums produced by Steve Lillywhite, I am honored to partner with him on this exciting deal,” Round Hill Music CEO Josh Gross he said in a statement. “Steve's catalog includes royalties for some of the most popular songs and albums of all time. We are thrilled to have landed this important deal.”
For his part, Lillywhite added in a statement that the deal puts his catalog of work in "kindred spirit." [Gruss]He is a leader in the music ownership business and the perfect partner for me and my family as I look forward to my next steps.”
According to the deal's announcement, Lillywhite has produced or contributed to more than 500 records in his four-plus-decade career. During that time, he won a Grammy Award for Producer of the Year in 2006 for U2's How to dismantle an atomic bomb, which also won Grammy Awards for Album of the Year and Best Rock Album. He also won Grammys as one of the engineers/mixers included on U2's "Beautiful Day" and "Walk On," which won Record of the Year in 2001 and 2002, respectively.
Other acts Lillywhite has produced or worked with during his career—and whose music is part of the acquisition—include XTC, boatsbig country, Joan ArmatradingAnd the Sinead O'ConnorMarshall Crenshaw crowded houseAnd the the killers And the Chris Cornell.
The Lillywhite deal adds to Round Hill's overall investment portfolio, which has now taken over $200 million in investments in more than 40 acquisitions, according to the company.
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