Jem Aswad-Senior: Last News

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Phil Collins and Genesis Sell Catalogs to Concord for $300 Million

Jem Aswad Senior Music Editor Phil Collins and his Genesis bandmates Tony Banks and Mike Rutherford have agreed to sell their publishing copyrights and “a mix of recorded music-income streams” to Concord Music Group, the company confirmed to the Wall Street Journal on Thursday. Sources told the publication the deal was for upward of $300 million. The deal includes the solo material of all three, most notably Collins’ multiplatinum solo albums and Rutherford’s band Mike & the Mechanics, which achieved chart success in the 1980s. The catalogs of Peter Gabriel and other former members of Genesis were not included in the deal. A rep for Concord tells Variety an official announcement will be made Friday morning.
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29.08 / 03:35
Fergie Opens VMAs, Performing ‘First Class’ and ‘Glamorous’ With Jack Harlow
Jem Aswad Senior Music Editor Chatter before the VMAs said that Fergie would be joining Jack Harlow to perform his “Glamorous”-sampling No. 1 hit “First Class,” and that’s exactly what happened on the stage of the Prudential Center in Newark, New Jersey on Sunday night. Harlow started off with “First Class,” continuing his self-deprecating video appearances: He appeared in “What’s Poppin” as a short-order cook, on “Saturday Night Live” as a custodian, and tonight he appeared as an airline steward, high-fiving or walking past Avril Lavigne, Becky G and of course his pal Lil Nas X before quickly losing that outfit for a glittery black ensemble and a red-carpet scene. He quickly joined Fergie as the song transformed into “Glamorous.”
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