Rock
Phill Collins and Genesis sell publishing rights and master recordings for $300million
Phil Collins and his Genesis bandmates have sold a portion of their songs’ assets to Concord Music Group, including the publishing rights and master recordings for much of Genesis’ music.According to the Wall Street Journal, the deal was valued at more than $300million and will also include master recordings of songs from throughout Collins’ solo career, such as ‘In the Air Tonight’, ‘You’ll Be In My Heart’ and ‘Against All Odds’, and his popular covers of Diane & Annita’s ‘A Groovy Kind Of Love’ and ‘You Can’t Hurry Love’ by the Supremes.Genesis recordings within the package will likely include hits such as ‘Invisible Touch’, ‘That’s All’, ‘Land Of Confusion’ and ‘Follow You, Follow Me’. The deal also includes material that Genesis guitarist Mike Rutherford released with his group, Mike & the Mechanics.Speaking to WSJ, Concord president Bob Valentine said they were aiming to bring Collins and Genesis’ back catalogue to a younger generation of listeners.