Genesis Sells Off Song Publishing And Masters For $300 Million

Phil Collins and Genesis are the latest artists to cash out their publishing and master recording catalogues for the big bucks, according to Rolling Stone. The $300 million deal with Concord includes the group and solo works of Collins and bandmates Tony Banks and Mike Rutherford from 1975 on — but excludes anything from Peter Gabriel’s six-year stint in the band.

Concord president Bob Valentine told The Wall Street Journal, which broke the story, quote, “In the world we live in today with Facebook, Instagram, TikTok, all these things that drive consumption of older music there are definitely ways for us as a record company to bring some of this music back to life.”