The singer and the drummer Phil Collins and his former colleagues Genesis GroupMike Rutherford and Tony Banks, accepted a $ 300 million music rights deal from Concord Music Group, according to The Wall Street newspaper.
The deal would leave the works of Pietro Gabriele, former member and one of the founders of the band, from outside, in addition to other former members of the group. The transaction also includes all monies collected from streaming playback.
Also according to the newspaper, the agreement marks the return of Concord, one of the largest independent music labels, as a buyer after a period of uncertainty and a possible sale of itself.
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Source: Terra
Emily Jhon is a product and service reviewer at Gossipify, known for her honest evaluations and thorough analysis. With a background in marketing and consumer research, she offers valuable insights to readers. She has been writing for Gossipify for several years and has a degree in Marketing and Consumer Research from the University of Oxford.
