Round Hill Music LP said Friday that producer and former American Idol judge Randy Jackson and management executive John Greenberg have joined the company as advisors.
Round Hill hopes the addition of Jackson and Greenberg will help it connect with a broader community of artists and further its ability “to source and secure early access to premium music rights investment deals in a competitive environment for high quality assets,” according to a press release.
Founded by Josh Gruss in 2010, Round Hill Music is a privately held fund that manages a portfolio of song rights worth around $900 million, according to the company. Concord acquired Round Hill’s publicly traded business, Round Hill Music Royalty Fund, last September in a deal originally valued at $469 million.
Gruss said Jackson and Greenberg’s partnership will create business opportunities by reinforcing the company’s relationships with artists and songwriters.
“As one of the largest independent music rights holders in the world, we have big ambitions to grow our exposure to high quality, iconic music that stands the test of time and to continue to nurture the creator community through our wider group, which includes record labels, neighboring rights specialists and sync experts,” Gruss said in a statement. “We are looking forward to working with Randy and John to accelerate those ambitions and to continue unlocking music’s incredible potential on behalf of all our artists, writers and investors.”
A longtime musician and former A&R rep at Columbia Records and MCA Records, Jackson was an executive producer on the MTV series America’s Best Dance Crew as well as one of the original judges on American Idol.
Throughout his muti-decade career, Jackson has collaborated with Smokey Robinson, Whitney Houston, Aretha Franklin and performed with stars like Mariah Carey, Bob Dylan, Billy Joel, Bon Jovi, Keith Richards, Journey, Carlos Santana, Bruce Springsteen, Jerry Garcia and Bob Weir. According to the release, Jackson has earned more than 1,000 gold and platinum plaques, with over 200 million albums sold worldwide.
Greenberg is COO/founder of management company Shorebreak International. Since 1988, he has worked with artists including Steven Tyler, Duran Duran’s John Taylor, Mötley Crue’s John Corabi, Duff McKagan, Nickelback and Ratt.
