Phil Collins and Genesis sell music rights for 300 million

France Press agency

NOS . News

Singer and drummer Phil Collins and fellow members of the band Genesis have sold their music rights. Concord Music paid there According to the Wall Street Journal, 300 million for.

The deal includes songs Collins recorded for his solo career and music he created for Genesis with keyboardist Tony Banks and guitarist Mike Rutherford. It also includes solo material by Rutherford and Banks. The recordings of Peter Gabriel, who left Genesis in 1975, are not part of the deal.

Genesis was founded in the 1960s. Collins didn’t join the band as a drummer until 1970. The band was already successful at the time, but Genesis got really big when Gabriel left and Collins became the lead singer of the British band. Genesis record hits like I can’t danceAnd the land of confusion And the Jesus knew about me. Collins has also had solo success with songs like In the air tonight And the Another day in heaven.

The deal puts the 71-year-old singer and drummer in the line of music greats like Bob Dylan and Bruce Springsteen, who have already sold out their music rights in recent years. Dylan’s catalog It was for $400 million Sold. Springsteen songs It brought him about $500 million. Neil Young and Paul Simon have also sold the rights to their music.

last round

In March this year, Genesis last performance On a farewell tour. Collins, who had had health issues for some time, was no longer able to play the drums. So his son Nick sat behind the drum kit, while Phil sat in a chair on the stage and sang.

Bob Valentine, president of Concord Music, said the goal of the multi-million dollar deal was to bring music to a younger audience. “In the world we live in now with Facebook, Instagram, TikTok and all the other things that encourage listening to old music, there are definitely ways for us as a record company to bring that music back to life,” he told The Wall Street Journal. . magazine.

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