Due to mounting debts, Grand Royal went out of business in 2001. Its assets were sold off via auction on Bid4Assets; these assets did not include any rights to Beastie Boys music. The assets and back catalog were purchased by a group of fans who in turn started GR2 Records.
Grand Royal was also the name of a magazine written and published by the group. It was most famous for its article "Mulling Over the Mullet" in issue two, which lampooned the mullet hairstyle (the Beastie Boys also recorded a song called "Mullet Head", which was released on Grand Royal on its Sure Shot 12-inch single).
- "Beasties Label Grand Royal to be Distributed by Capitol". Rolling Stone. December 9, 1993. Retrieved August 15, 2018.
- Werde, Bill (January 19, 2004). "For a Record Label Founded by the Beastie Boys, the End Is Less Than Grand". The New York Times. Retrieved August 15, 2018.
- Cross, Alan (2012). The Beastie Boys: the secret history. Joe Books Ltd. ISBN 978-1-9270-0216-2.
- Woodbury, Jason P. (August 11, 2017). "The Magazine of Champions: On the Shabby Brilliance of "Grand Royal" Magazine". Flood Magazine. Retrieved August 15, 2018.
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