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30 Septmber 2022
The Concorde Music Group is made up of Phil Collins, Tony Banks, and Mike Rutherford, who were all members of the band Genesis.
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It has agreed to offer "a mix of recorded music-income sources" and copyright its publications.
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This was confirmed by the business on Thursday to the Wall Street Journal. The deal, according to sources, was worth more than $300 million.
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An official announcement will be made Friday morning, according to a Concorde representative who spoke with Variety.
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The transaction is the largest in a time when there are several of them: Bob Dylan sold Universal Music the rights to his song catalogue.
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Bruce Springsteen reportedly paid Sony over $600 million for the rights to his published and recorded music;
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A range of musical items from artists like Stevie Nicks and Neil Young have sold for around $100 million.
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The members of Pink Floyd are asking for $400 million for the rights to their recorded music as well as other exit rights from the media.
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