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Genesis and Phil Collins sell song rights for $300m as dollar buyers cash in on weak pound

tumbling pound has encouraged dollar buyers to snap up hit songs with Phil Collins and Genesis the latest big names to cash in on their back catalogue with a $300m (£270m) deal. Collins, Mike Rutherford and Tony Banks sold the rights to hit songs including “Mama”, “Land of Confusion” and “Invisible Touch” to the US-based Concord Music Group.
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30.09 / 21:45
experts Genesis and Phil Collins sell song rights for $300m as dollar buyers cash in on weak pound
tumbling pound has encouraged dollar buyers to snap up hit songs with Phil Collins and Genesis the latest big names to cash in on their back catalogue with a $300m (£270m) deal. Collins, Mike Rutherford and Tony Banks sold the rights to hit songs including “Mama”, “Land of Confusion” and “Invisible Touch” to the US-based Concord Music Group.
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