Phil Collins and his Genesis bandmates sell the rights to their music for over $300million


Phil Collins and his Genesis bandmates have sold the rights to their music for a figure over over $300million in a deal with record company Concord. 

The package deal includes songs from Phil’s solo career as well as hits made for the band with Tony Banks and Mike Rutherford in hopes to ‘introduce their music to younger generations.’ 

The band, who first found fame in the 1970s and have sold more than 100million records, bid their fans farewell earlier this year, when they played their final show.  

Phil Collins, 71, and his Genesis bandmates have sold the rights to their music for a figure over over $300million in a deal with record company Concord

In an interview with the Wall Street Journal, Concord President Bob Valentine explained: ‘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.’ 

The deal excludes past band members Peter Gabriel and Steve Hackett who departed the band in 1975 and 1977, respectively. 

Band: The package deal includes songs from Phil's solo career as well as hits made for the band with Tony Banks and Mike Rutherford in hopes to 'introduce their music to younger generations' (pictured together in 2006)

Band: The package deal includes songs from Phil’s solo career as well as hits made for the band with Tony Banks and Mike Rutherford in hopes to ‘introduce their music to younger generations’ (pictured together in 2006)

The sale comes as the iconic band played their final ever concert in March this year, with Phil, 71, performing the show sitting down due to suffering from a number of different health conditions in recent years.

London’s 02 provided the backdrop for the band’s last show on their The Last Domino? Tour – with frail frontman Phil telling the crowd he will now have to get a real job. 

Phil told the crowd ‘It’s the last stop of our tour, and it’s the last show for Genesis. After tonight we all have to get real jobs.’ 

Future: In an interview with the Wall Street Journal , Concord President Bob Valentine explained: 'There are definitely ways for us as a record company to bring some of this music back to life'

Future: In an interview with the Wall Street Journal , Concord President Bob Valentine explained: ‘There are definitely ways for us as a record company to bring some of this music back to life’

The three London concerts were set to take place at the end of last year but had to be rescheduled due to positive Covid 19 tests within the band, which has been touring for the first time in 14 years,

Collins, who has a history with back problems, has been sitting down for all the concerts on the tour and his son, Nic Collins, 20, has stepped in for him on drums.

The 2007 Genesis reunion tour left Phil with a dislocated vertebra in his neck that caused nerve damage in his hands. He has been using a walking stick since he had major surgery on his back in October 2015. 

Farewell: The sale comes as the iconic band played their final ever concert in March this year, with Phil, 71, performing the show sitting down due to health issues (pictured in March)

Farewell: The sale comes as the iconic band played their final ever concert in March this year, with Phil, 71, performing the show sitting down due to health issues (pictured in March)

In 2017 Phil was forced to postpone two solo concerts at the Royal Albert Hall after a fall in his hotel room. 

Original member Peter Gabriel, 72, did not join the trio for this set of shows, and neither did guitarist Steve Hackett , 72, who was in the band from 1971-1977.   

The band was originally comprised of singer Peter, Tony, guitarist Anthony Phillips, Mike, and drummer Chris Stewart.

Goodbye: Phil told the crowd 'It's the last stop of our tour, and it's the last show for Genesis. After tonight we all have to get real jobs'

Goodbye: Phil told the crowd ‘It’s the last stop of our tour, and it’s the last show for Genesis. After tonight we all have to get real jobs’

By the time of second album Trespass in 1970, John Mayhew was the drummer.

In 1970 Phil became the drummer and provided backing vocals before taking over lead vocals in 1975. 

Mick Barnard also enjoyed a one-year stint in the band on guitar from 1970-71. 

Before the tour – they last performed together in 2007 to mark their 40th anniversary and had been in two minds about reuniting due to Phil’s medical issues. 

Shows: Before the tour - they last performed together in 2007 to mark their 40th anniversary and had been in two minds about reuniting due to Phil's medical issues

Shows: Before the tour – they last performed together in 2007 to mark their 40th anniversary and had been in two minds about reuniting due to Phil’s medical issues

 



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