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Phil Collins and Genesis sell music rights for $300,000,000
Phil Collins and Genesis have sold a large chunk of their back catalogue for a whopping $300million (£268m). Concord Music Group has landed the publishing rights and master recordings for most of prog rock legends Genesis’ catalogue, as well as a portion of the group’s recorded music income streams and masters. The sale also includes Collins’ solo hits In the Air Tonight, You’ll Be In My Heart, and Against All Odds.