There’s a certain amount of cliché in a story of a one-time Wall
Streeter picking up a guitar, growing his hair long and listening to the
Beatles. But Josh Gruss has a different twist on the tale: He owns the
Beatles, or at least some songs.
Gruss, the scion of a New York hedge-fund family and a one-time Bear
Stearns & Co. investment banker, in early 2011 created a music
publishing company, Round Hill Music, which has among its holdings the
music and lyrics to six early Beatles songs.
Round Hill now has designs on scooping up more assets, including in
portfolios that will be sold off following the $2.2 billion expected
purchase of EMI Music Publishing by an investor group that includes Sony
Corp., Blackstone Group LP, Abu Dhabi’s Mubadala Development Co, Raine
Group and entertainment mogul David Geffen.
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