Reviews: Phil Collins and Genesis colleagues Sell Music Rights

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The British singer Phil Collins (71) and his Genesis colleagues, guitarist Mike Rutherford (71) and keyboardist Tony Banks (72), sell part of their music rights to the US company Concord .

Sänger Phil Collins bei einem Auftritt in Mexiko. © Rebecca Blackwell/AP/dpa singer Phil Collins at a appearance in Mexico.

You would welcome the catalogs of musicians Collins, Rutherford, Banks, Mike and the Mechanics and Genesis at Concord, wrote the music label based in Nashville in the US state of Tennessee on Instagram and linked a report from the US newspaper "Wall Street Journal" .

The deal therefore includes works by the solo career of the three artists, their common Genesis music and the band Mike and the Mechanics founded by Rutherford. The “Wall Street Journal” reported that the “Wall Street Journal” reported in 1975. The newspaper estimated the value of the agreement at $ 300 million (around 305 million euros).

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Genesis was founded in 1967 as a progressive rock band. They became famous in the 1970s with concept albums like “Selling England by the Pound” or “The Lamb Lies Down on Broadway”. After the exit of singer Gabriel and guitarist Steve Hackett, the band successfully oriented themselves towards pop music in the 1980s. Her best known hits include “Invisible Touch”, “No Son of Mine” and “I Can't Dance”.

More and more musicians are completely or in parts of their song rights - such as Paul Simon, Neil Young, Bruce Springsteen or Bob Dylan. The reasons include falling sound carriers and concert revenues during the pandemic. In contrast, proceeds from the streaming and series boom become more valuable for the industry.

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Carvana holders brace for worst with credit risk, losses mounting originally appeared on Autoblog on Fri, 18 Nov 2022 08:57:00 EST. Please see our terms for use of feeds.

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