Phil Collins and Genesis have sold a portion of their music rights to Concord Music Group, Billboard and The Wall Street Journal report. The sale reportedly includes the publishing rights for Genesis, as well as a portion of the group’s recorded music income streams and masters. Additionally, Collins’ solo music was also reportedly included in the deal, as well as Mike Rutherford’s output with his band, Mike & the Mechanics. The deal was reportedly valued at over $300 million.
For more, check out this article from Pitchfork.
