Phil Collins and Genesis Sell Portion of Catalogs to Concord Music Group

Music News

Phil Collins and Genesis Sell Portion of Catalogs to Concord Music Group

The deal includes publishing rights, recorded music income streams, and masters

Genesis Mike Rutherford Tony Banks and Phil Collins

Mike Rutherford, Tony Banks, and Phil Collins of Genesis, January 1991 (Paul Harris/Getty Images)

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 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 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.

According to Billboard, the sale includes hits like Collins’ “In the Air Tonight,” “You’ll Be in My Heart,” and “Against All Odds,” as well as his celebrated covers of Diane & Annita’s “A Groovy Kind of Love” and the Supreme’s “You Can’t Hurry Love.” Concord Music Group now reportedly owns select rights to Genesis songs including “Invisible Touch,” “Land of Confusion,” “That’s All,” “In Too Deep,” and “Follow You, Follow Me.”

Concord Music Group has owned the publishing rights for the Genesis and Phil Collins catalogs since in 2017, when it acquired their previous owner, Imagem Music Group. The catalogs of Daft Punk, Mark Ronson, Linkin Park, and M.I.A., also changed hands with the acquisition.

In a statement shared with The Wall Street Journal, Concord president Bob Valentine said that the company plans to use social media to bring the catalog to a younger audience. “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,” he said.

Read “What to Know About Music’s Copyright Gold Rush” on the Pitch.

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