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A package of Genesis, Phil Collins and some Mike + the Mechanics music assets have sold to Concord, the company told the Wall Street Journal on Thursday. Billboard originally reported Wednesday that a deal was nearly done, but did not know the identity of the buyer. An official announcement is still forthcoming.
In January, Billboard reported that a package of Collins’ rights had been shopped for upward of 200 million, according to sources. That package, sources says, morphed into a bigger deal that also includes all of the publishing for Genesis and possibly even Mike + the Mechanics, as well as their master recordings rights. Specifically, sources say the deal encompassed the artist’s share of the master recordings and publishing. In the case of Collins, that means a combination of artist royalties for masters owned by Atlantic and his ownership stake in other Collins solo albums on the label.
A package of Genesis, Phil Collins and some Mike + the Mechanics music assets have sold to Concord, the company told the Wall Street Journal on Thursday. Billboard originally reported Wednesday that a deal was nearly done, but did not know the identity of the buyer. An official announcement is still forthcoming.
In January, Billboard reported that a package of Collins’ rights had been shopped for upward of 200 million, according to sources. That package, sources says, morphed into a bigger deal that also includes all of the publishing for Genesis and possibly even Mike + the Mechanics, as well as their master recordings rights. Specifically, sources say the deal encompassed the artist’s share of the master recordings and publishing. In the case of Collins, that means a combination of artist royalties for masters owned by Atlantic and his ownership stake in other Collins solo albums on the label.
- 9/30/2022
- by Ed Christman, Billboard.com
- The Hollywood Reporter - Movie News
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