It has been reported via The Wall Street Journal that Phil Collins and Genesis have sold part of their extensive music catalogue to Concord Music Group Inc., the deal which Collins and the influential band struck includes master recordings, publishing rights and other income streams stemming from recorded music. The respected publication stated that the elusive deal with Concord was worth over $300 million (£269 million).
Speaking with The Wall Street Journal, President Bob Valentine spoke on Concord’s plans with their newly acquired rights. He states how they plan to distribute the music through avenues that capture the younger generation’s attention. Valentine continues, “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,”
Included within the deal are a collection of Genesis’ biggest tracks; music included in the agreement are “Follow You, Follow Me“, “Land Of Confusion“, “Invisible Touch“, “In Too Deep“, and “That’s All“. Those affected by the new deal are Genesis’s current bandmembers, Collins, Mike Rutherford and Tony Banks; incorporated within the agreement is music recorded by the band Genesis and work from the musicians’ solo careers.
Music from Collins’ highly successful solo career is also part of the deal, the deal incorporates such hits as “Against All Odds“, “You’ll Be In My Heart“, and the beloved song “In the Air Tonight“. Many of Collins’ hits include covers of previously released songs; the deal with Concorde includes covers like the drummer’s version of The Supremes’ “You Can’t Hurry Love” and the 1988 release of Diane & Annita’s “A Groovy Kind Of Love“.
Also included within the new acquisition is music from Rutherford’s music created with Mike And The Mechanics. The co-founder of Genesis formed Mike And The Mechanics in 1985 as a side project whilst on break from Genesis, the band’s biggest hits include “The Living Years” and “Over My Shoulder“. Those who the deal will not affect include former Genesis band members, most notably Peter Gabriel. Concorde has not acquired the rights to his music; this includes his work created as a solo artist and music created by Gabriel during his time in Genesis.
Based in California, Concord is a global music company that specialises within the music industry’s publishing and recording arm. The company itself had been running since its official formation in 2004; its predecessor was Concord Records which was formed in 1973 and found its origins within the Jazz music genre. The long-standing company distributes worldwide through conglobate Universal Music Group, a partnership which has proved profitable. Concord Music Group Inc is also known for its roster of record labels; those associated with the company include Fearless Records, Rounder Records, Sugar Hill Records, Stax Records, Fantasy Records, Kidz Bop and Victory Records.
