Jem Aswad Senior Music Editor Bruce Springsteen and Bob Dylan selling their catalogs for $600 million, Genesis and Phil Collins for $300 million, Stevie Nicks for $100 million — over the past few years dozens of artists have sold the rights to their music catalogs for eight or nine figures. There are all kinds of reasons why this is happening: Artists are getting older and are basically estate planning, the pandemic proved that copyrights can be a great investment, and the booming market is bringing more and more buyers and sellers to the table. But what do you do with that catalog once you’ve bought it? The old approach was to basically to sit and wait for the songs to make money — through radio, sales, use in films or TV shows or advertising campaigns, Broadway shows and lots of other ways.
Phill Collins and Genesis sell publishing rights and master recordings for $300million
30.09.2022 - 07:51 / nme.com
Phil Collins and his Genesis bandmates have sold a portion of their songs’ assets to Concord Music Group, including the publishing rights and master recordings for much of Genesis’ music.According to the Wall Street Journal, the deal was valued at more than $300million and will also include master recordings of songs from throughout Collins’ solo career, such as ‘In the Air Tonight’, ‘You’ll Be In My Heart’ and ‘Against All Odds’, and his popular covers of Diane & Annita’s ‘A Groovy Kind Of Love’ and ‘You Can’t Hurry Love’ by the Supremes.Genesis recordings within the package will likely include hits such as ‘Invisible Touch’, ‘That’s All’, ‘Land Of Confusion’ and ‘Follow You, Follow Me’. The deal also includes material that Genesis guitarist Mike Rutherford released with his group, Mike & the Mechanics.Speaking to WSJ, Concord president Bob Valentine said they were aiming to bring Collins and Genesis’ back catalogue to a younger generation of listeners.
“In the world we live in today with Facebook, Instagram, TikTok, all these things that drive consumption of older music, there are definitely ways for us as a record company to bring some of this music back to life,” Valentine said.Collins and Genesis’ decision to part with their songs follows many other high-profile artists selling their publishing rights in recent years, such as Bruce Springsteen, who last year sold his masters and publishing rights to Sony Music in a combined deal worth around $500million.Bob Dylan, meanwhile, sold his entire songwriting catalogue to Universal Music Publishing Group in 2020, for a figure in the region of $300million. Neil Young, last year, made a deal with Hipgnosis Songs Fund, who bought 50 per cent of the rights to his back
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Joey Ramone’s Music Catalog Sold for $10 Million to Primary Wave Publishing
$500 million Bruce Springsteen banked from selling his catalog to Sony last year and the $300 million Universal Music paid for Bob Dylan’s catalog in 2020, but may be the first such deal for a punk rocker. Estates and musicians from The Beach Boys to Michael Jackson have sold catalogs in recent years.The deal was reportedly struck by Primary Wave in a new partnership with Canadian mega-investment firm Brookfield Asset Management, an outgrowth of the fortune built by the Seagram Company that is best known for its massive real estate holdings, The Wall Street Journal reported.
Joey Ramone’s Publishing Catalog Acquired by Primary Wave for $10 Million
Jem Aswad Senior Music Editor Primary Wave Music has acquired a major stake in Joey Ramone’s music-publishing assets for around $10 million, according to people close to the transaction. Terms of the deal include non-exclusive rights to license Joey Ramone’s name and likeness, as well as income for songs across the band’s repertoire of music; the news was first reported by the Wall Street Journal. While the music-catalog market has been booming for the past several years, with blockbuster deals for catalogs by Bob Dylan, Bruce Springsteen (both for around $600 million), Neil Young, Stevie Nicks, James Brown (all around the low nine figures) and more, this is possibly the first such deal for a punk-era artist, and could open up a new field of opportunity in a rapidly narrowing market.
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Genesis and Phil Collins sell song rights for $300m as dollar buyers cash in on weak pound
tumbling pound has encouraged dollar buyers to snap up hit songs with Phil Collins and Genesis the latest big names to cash in on their back catalogue with a $300m (£270m) deal. Collins, Mike Rutherford and Tony Banks sold the rights to hit songs including “Mama”, “Land of Confusion” and “Invisible Touch” to the US-based Concord Music Group.
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Phil Collins and Genesis sell music rights for $300,000,000
Phil Collins and Genesis have sold a large chunk of their back catalogue for a whopping $300million (£268m). Concord Music Group has landed the publishing rights and master recordings for most of prog rock legends Genesis’ catalogue, as well as a portion of the group’s recorded music income streams and masters. The sale also includes Collins’ solo hits In the Air Tonight, You’ll Be In My Heart, and Against All Odds.
Concord acquire Genesis catalogue in $300 million deal
The latest big bucks music rights deal has been confirmed, with Concord acquiring a stack of copyrights and revenue rights from good old Genesis.According to the Wall Street Journal, the deal is valued at over $300 million, and gets Concord ownership of song rights, and certain recording rights and revenues, from all three members of the band’s classic line-up: Phil Collins, Mike Rutherford and Tony Banks. That includes music from the three musicians’ respective solo careers as well as Genesis itself.Concord was already the administrator of the song catalogues of Collins and Genesis, and the music firm’s President Bob Valentine confirmed that it was via that existing relationship that talks regarding a big old catalogue acquisition began.Confirming the deal had been done, Genesis manager Tony Smith of TSPM said: “This is a catalogue of music that we are all extremely proud of and it means a great deal to many fans.
Phil Collins and Genesis sell publishing rights and masters for $300 million
It's been announced that Phil Collins and his fellow members of the rock band Genesis have sold a portion of the group's songs - including their publishing rights and master recordings - in a deal valued at more than $300 million.