Phil Collins and his bandmates from Genesis have sold the rights to their music to Concord Music. According to The Wall Street newspaper the rights were sold for $ 300 million.
The deal includes the songs Collins recorded in his solo career and the music he created for Genesis with keyboardist Tony Banks and guitarist Mike Rutherford.
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Also includes solo material by Rutherford and Banks. The recordings of Peter Gabriel, who left Genesis in 1975, are not part of the deal.
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Phil Collins became the lead singer of the British band after Peter Gabriel’s departure. Genesis scored hits such as I can’t dance, land of confusion in Jesus knows me. Collins also achieved solo success with songs such as In the air tonight in Another day in heaven.
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Concord Music president Bob Valentine says during a conversation with The Wall Street newspaper who intends to introduce the music of Collins and Genesis to a new generation. “In the world we live in today with Facebook, Instagram, TikTok and all of these things driving old music consumption, there are definitely ways for us as a record company to bring some of this music back to life,” she said. he.
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With the move, Collins and Genesis follow the lead of other great musicians like Bob Dylan, Sting and Bruce Springsteen. They too have sold their music rights for hundreds of millions of dollars in recent years.
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