Thursday 29 September 2022 10:11 PM Phil Collins and his Genesis bandmates sell the rights to their music for over ... trends now
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)
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?
