Phil Collins and Genesis bandmembers 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.
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