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And Then They Were Rich

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    And Then They Were Rich

    The trio of 80's and beyond GENESIS sell their catalogue for a cool 300 million smackeroonis!






    Phil Collins, Genesis bandmates sell music rights in bundle deal — but Peter Gabriel isn’t involved in it


    The deal with Concord Music Group includes Genesis’ publishing copyrights, recorded music income streams, and the individual masters of Phil Collins, Mike Rutherford and Tony Banks.
    • Collins and his bandmates join other music legends who in recent years have cashed in on their life’s work.
    • Peter Gabriel, the original frontman of Genesis, is not involved in the deal, Concord said.


    British Pop and Rock musician Phil Collins of the group Genesis performs onstage at the Rosemont Horizon, Rosemont, Illinois, November 14, 1981.
    Paul Natkin | Archive Photos | Getty Images

    Do you like Phil Collins? This company sure does.

    Collins, along with Genesis bandmates Tony Banks and Mike Rutherford, have sold a bundle of music rights for the group and their individual projects to label Concord Music Group, the company said. The band is behind 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 over $300 million. Concord has been involved in the publishing of Collins and Genesis since 2017.

    The deal doesn’t include Peter Gabriel and Steve Hackett, who were members of the band in its early days, Concord said. After Gabriel and Hackett left, Genesis released an album called “And Then There Were Three.”

    Gabriel, who became a solo superstar in his own right, was the lead singer and driving artistic force of Genesis in its early, art-rock days in the 1970s. During that period, it released classic albums like “The Lamb Lies Down on Broadway.”

    Representatives for Gabriel didn’t immediately respond to a request for comment.

    The deal comes after several music superstars, including Bob Dylan, Stevie Nicks and Bruce Springsteen, have struck lucrative deals in selling their music rights.

    Collins, the drummer and lead singer of the rock band Genesis, also had an extensive career as an individual 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, released six solo albums.
    Last edited by Gilly Goodness; 09-29-2022, 01:52 PM.

    #2
    Good for them.

    The way the music industry operates, the artists are often left with the short end of the profits stick. $300 million? That's $100 million each. They deserve it.

    Comment


      #3
      Originally posted by pianozach View Post
      Good for them.

      The way the music industry operates, the artists are often left with the short end of the profits stick. $300 million? That's $100 million each. They deserve it.
      And Then There Were Three-Hundred Million!

      Comment


        #4
        While I am glad for them, especially in light of the way the industry often cheats artists, as pianozach mentioned, I am inescapably reminded of a saying of my recently late Aunt Eileen: "Don't they know that shrouds don't have pockets?" She once uttered this about some old folks in town who were asking a king's ransom for their house. I guess at least in the case of the Genesis boys, they all have kids to pass it on to.

        Comment


          #5
          But he forced a smile even though his hopes lay dashed where offerings fell...

          Comment


            #6
            Originally posted by Olorin View Post
            While I am glad for them, especially in light of the way the industry often cheats artists, as pianozach mentioned, I am inescapably reminded of a saying of my recently late Aunt Eileen: "Don't they know that shrouds don't have pockets?" She once uttered this about some old folks in town who were asking a king's ransom for their house. I guess at least in the case of the Genesis boys, they all have kids to pass it on to.
            Occasionally someone puts a house or business for sale at a ridiculous price. Sometimes a cash buyer shows up and pays the ridiculous price for reasons only known to them.

            Comment


              #7
              These companies buying the music rights - some of the deals are so big I wonder if they'll ever see a profit.

              Comment


                #8
                Originally posted by Davy View Post
                These companies buying the music rights - some of the deals are so big I wonder if they'll ever see a profit.
                Sometimes companies or people pay ridiculous prices not intending to make a profit but for other reasons only known to themselves

                Comment


                  #9
                  Originally posted by Olorin View Post
                  While I am glad for them, especially in light of the way the industry often cheats artists, as pianozach mentioned, I am inescapably reminded of a saying of my recently late Aunt Eileen: "Don't they know that shrouds don't have pockets?" She once uttered this about some old folks in town who were asking a king's ransom for their house. I guess at least in the case of the Genesis boys, they all have kids to pass it on to.
                  Their kids will have to pay inheritance tax. Unlike King Chuck and son.... too soon?

                  Comment


                    #10
                    Expect some interesting advertisements with this music as the soundtrack in the near future:
                    Make your predictions now.
                    I left some blank, have at it if you will.

                    Song Product
                    Follow you, follow me: Facebook
                    Home by the sea: Air BnB
                    I can't dance: Levi's
                    In too deep: Viagra
                    Just a job I do: ZipRecruiter
                    Man on the corner:
                    Keep it dark:
                    Land of confusion: Aricept
                    Misunderstanding:
                    No reply at all:
                    Robbery assault and battery: Some 1-800 Legal firm
                    That's all:
                    Throwing it all away:
                    Tonight, tonight, tonight: Tinder
                    Turn it on again:






                    Comment


                      #11
                      I think Turn It On Again would be a better choice for Viagra.

                      Comment


                        #12
                        Supper's Ready: Hot Pockets

                        Comment


                          #13
                          The Lamia: Garlique and Hershey's Chocolate
                          Last edited by BillGuitar; 09-29-2022, 07:53 PM.

                          Comment


                            #14
                            Originally posted by BillGuitar View Post
                            Supper's Ready: Hot Pockets
                            Not part of the deal. Read the story again.

                            Comment


                              #15
                              Originally posted by BillGuitar View Post
                              The Lamia: Garlique and Hershey's Chocolate
                              Not part of the deal.

                              Comment

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