Take a look at Phil Collins now. The English rocker and his Genesis bandmates have agreed to sell a bundle of their music rights to Concord Music Group Inc., according to the company.
The megadeal—valued at over $300 million, according to people familiar with the transaction—includes the publishing copyrights and a mix of recorded music income streams and masters of Mr. Collins, Mike Rutherford and Tony Banks‘ individual careers and work as the progressive rock group Genesis.