British pop and rock musician Phil Collins of the band Genesis performs on stage at the Rosemont Horizon, Rosemont, Illinois on November 14, 1981.
Paul Natkins | Stock photos | Getty Images
Do you like Phil Collins? This company certainly does.
Collins, along with Genesis bandmates Tony Banks and Mike Rutherford, have sold a package of music rights for the group and their individual projects to the Concord Music Group label, the company said. The group is responsible for hits such as “Land of Confusion” and “I Can’t Dance”, among many others.
The Wall Street Journal reported Thursday that the deal is worth more than $300 million. Concord has been involved in publishing Collins and Genesis since 2017.
The deal does not include Peter Gabriel and Steve Hackett, who were early band members, Concord said. After Gabriel and Hackett left, Genesis released an album titled “And Then There Were Three”.
Gabriel, who went on to become a solo superstar in his own right, was the lead vocalist and driving artistic force behind Genesis in its early 1970s art-rock era. During this period he released classic albums such as “The Lamb Lies Down on Broadway”.
Representatives for Gabriel did not immediately respond to a request for comment.
The deal comes after several music superstars, including Bob Dylan, Stevie Nicks and Bruce Springsteen, struck lucrative deals to sell their music rights.
Collins, the drummer and lead singer of rock band Genesis, has also had a long career as a solo performer that includes hit songs like “In The Air Tonight”, “Against All Odds” and “Sussudio”.
Genesis guitarist and bassist Rutherford fronted the band Mike and the Mechanics, which had the 1980s hit “All I Need Is a Miracle.” Banks, the keyboardist, has released six solo albums.