Phil Collins and his Genesis bandmates sell the rights to their music for over $300million

Phil Collins and his Genesis bandmates have sold the rights to their music for more than $300 million in a deal with the Concord record company.

The package includes songs from Phil’s solo career, as well as hits created for the band with Tony Banks and Mike Rutherford in hopes of “introducing their music to younger generations”.

The band, which first rose to fame in the 1970s and has sold more than 100 million records, offers its fans goodbye earlier this year, when they played their last show.

Phil Collins, 71, and his fellow Genesis bandmates have sold the rights to their music for more than $300 million in a deal with record label Concord.

Phil Collins, 71, and his fellow Genesis bandmates have sold the rights to their music for more than $300 million in a deal with record label Concord.

In an interview with the Wall Street JournalConcord president Bob Valentine explained: ‘In the world we live in today with Facebook, Instagram, TikTok, all these things driving the consumption of old music.

“Definitely, as a record company, there are ways to bring some of this music back to life.”

The deal excludes previous band members Peter Gabriel and Steve Hackett, who left the band in 1975 and 1977, respectively.

Band: The package includes songs from Phil’s solo career, as well as hits created for the band with Tony Banks and Mike Rutherford in hopes of “introducing their music to younger generations” (pictured together in 2006)

The sale comes as the iconic band played their last show in March this year, with Phil, 71, performing the show sitting down due to suffering from a number of different health conditions in recent years.

London 02 provided the backdrop for the band’s final show at The Last Domino? Tour: with frail frontman Phil telling the crowd that he’s now going to have to get a real job.

Phil told the crowd, “It’s the last stop on our tour and it’s the last Genesis show.” After tonight, we all have to get real jobs.

Future: In an interview with the Wall Street Journal, Concord president Bob Valentine explained, “Definitely, as a record company, there are ways to bring some of this music back to life.”

The three London concerts were scheduled for late last year but had to be rescheduled due to positive Covid 19 tests within the band, who have toured for the first time in 14 years.

Collins, who has a history of back problems, has been sitting through every show on the tour and his son, 20-year-old Nic Collins, replaced him on drums.

The 2007 Genesis reunion tour left Phil with a dislocated vertebra in his neck that caused nerve damage in his hands. He has been using a cane since he underwent major back surgery in October 2015.

Farewell: The sale comes as the iconic band played their last show in March this year, with Phil, 71, performing the show sitting down due to health issues (pictured from March)

Farewell: The sale comes as the iconic band played their last show in March this year, with Phil, 71, performing the show sitting down due to health issues (pictured from March)

Farewell: The sale comes as the iconic band played their last show in March this year, with Phil, 71, performing the show sitting down due to health issues (pictured from March)

In 2017, Phil was forced to postpone two solo concerts at the Royal Albert Hall after a fall in his hotel room.

Original member Peter Gabriel, 72, did not join the trio for this series of shows, and neither did guitarist Steve Hackett, 72, who was in the band from 1971 to 1977.

The band originally consisted of lead singer Peter, Tony, guitarist Anthony Phillips, Mike and drummer Chris Stewart.

Goodbye: Phil told the crowd 'It's the last stop on our tour, and it's the last Genesis show.  After tonight we all have to get real jobs'

Goodbye: Phil told the crowd 'It's the last stop on our tour, and it's the last Genesis show.  After tonight we all have to get real jobs'

Goodbye: Phil told the crowd ‘It’s the last stop on our tour, and it’s the last Genesis show. After tonight we all have to get real jobs’

At the time of the second Trespass album in 1970, John Mayhew was the drummer.

In 1970 Phil became the drummer and provided backing vocals before taking on lead vocals in 1975.

Mick Barnard also enjoyed a year-long stint in the band as guitarist between 1970 and 1971.

Prior to the tour, they last performed together in 2007 to commemorate their 40th anniversary and had reservations about reunion due to Phil’s medical problems.

Shows: Before Tour: They last performed together in 2007 to commemorate their 40th anniversary and had doubts about reunion due to Phil's medical issues.

Shows: Before Tour: They last performed together in 2007 to commemorate their 40th anniversary and had doubts about reunion due to Phil's medical issues.

Shows: Before Tour: They last performed together in 2007 to commemorate their 40th anniversary and had doubts about reunion due to Phil’s medical issues.

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