Collins and bandmates Mike Rutherford and Tony Banks signed a deal with Concord Music Group Inc. for over $300 million for a collection of their music, making them the latest in a line of musicians to sell off their back catalog.

Phil Collins began his career as Genesis’ drummer in 1970 and soon took over as lead singer and songwriter following the departure of Peter Garbiel, whose songs are not part of the sales deal.

Phil Collins and his Genesis bandmates are selling their music rights for $300 million.

As Genesis’ new songwriter, Mr Collins penned songs such as Invisible Touch and I Can’t Dance before gaining even greater prominence as a solo artist with hits such as In the Air Tonight and Sussudio.

Collins, 71, has won several awards, including eight Grammys and the 1999 Academy Award for Best Original Song. Disney film tarzan.

Bob Valentine, president of Concord Music Group Inc., said they will now work to introduce the band’s 1980s pop material to younger audiences.

“In the world we live in today with Facebook, Instagram, TikTok, all these things that drive the consumption of old music, we as a record company definitely have ways to bring some of that music back to life,” he said.

Genesis released fifteen albums and Mr. Collins released eight as a solo artist.

Rutherford has released two solo albums and nine albums with his band Mike + the Mechanics, while Banks has released a total of six solo albums.

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