Genesis and members sell their back catalogs for $300 million

Music rights company Concord has bought the publishing and recorded music catalogs of Tony Banks, Phil Collins and Mike Rutherford, as well as the publishing and recorded music catalog from their years in the band Genesis. The Wall Street Journal reports that the ‘megadeal’ is ‘valued at over $300 million’. These catalogs contain songs such as 'The Lamb Lies Down On Broadway', 'Sussudio', 'Against All Odds', 'All I Need is a Miracle', 'In the Air Tonight', 'I Can’t Dance', 'That’s All', 'Land of Confusion', 'The Living Years', 'Invisible Touch' and other hits.