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Friday, April 26, 2024

Phil Collins, Genesis Bandmates Sell Music Rights for Over $300 Million

A file photo shows members of British rock band Genesis posing for photographs at a hotel in London as they announce details of a reunion 2007 tour. The band has released 15 studio albums.

Take a look at Phil Collins now. The English rocker and his Genesis bandmates have agreed to sell a bundle of their music rights to Concord Music Group Inc., according to the company.

The megadeal — valued at over $300 million, according to people familiar with the transaction — includes the publishing copyrights and a mix of recorded music income streams and masters of Mr. Collins, Mike Rutherford and Tony Banks’ individual careers and work as the progressive rock group Genesis.

For Concord Music, one of the largest…

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