R.I.P. Grand Royal, 1993-2001
After eight years of "Guaranteed Every Time", Grand Royal Records has closed its doors forever due to "mounting debts, decreasing assets and exceedingly harsh industry conditions."
Beastie Boy and Grand Royal's CEO Mike D said in an official statement, "This is one of the most difficult decisions we’ve ever had to make. Over the years the Grand Royal family had grown to include some of the most talented musicians and staff in the business. It’s tragic that the same growth has also produced an overhead and infrastructure that can no longer be viable. Our intentions were always simply to create a home for exciting music and the people who were passionate about it. It really sucks that we can’t continue to do that."