Phil Collins and Genesis band members sell music rights in $300+ million deal

British rock band Genesis

Genesis's most popular 80's songs include "Invisible Touch," "That's All" and "Land of Confusion." Collins' massively-popular solo career, which won him eight Grammys, includes the songs "In The Air Tonight", "Against All Odds " and "Another Day in Paradise". Concord Music Group's president said that the company plans to cash in on the band's 80's pop hits by introducing them to younger generations.

The deal came after the market for music rights exploded during the COVID-19 pandemic, attracting investors who sought long-term, reliable income from streaming services like Spotify and Apple Music.

wow

Notice they sold for $300 million and not £300 Million. Genesis aren’t stupid

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Phil Collins and two Genesis bandmates sell their music rights for $300 millionTake a look at Phil Collins now. The English rocker and his Genesis bandmates have agreed to sell a bundle of their music rights to Concord Music Group Inc.,... 'and two Genesis bandmates' - wanky headline. That’s cheap In this life wins who has been happy more times, even when others believe they have hurt you. Finally we own nothing.
Source: MarketWatch - 🏆 3. / 97 Read more »