Phil Collins and his Genesis bandmates have sold the rights to many of their biggest hits to Concord Music Group in a deal worth over €300 million.

The deal includes songs from Collins' solo career as well as hits written and recorded with his Genesis bandmates Tony Banks and Mike Rutherford. The musicians hope the deal will "introduce their music to younger generations".

The sale also includes a number of Collins' solo hits such as, Against All Odds, In the Air Tonight and You'll Be In My Heart. Rutherford's songs from his band Mike and The Mechanics are part of the arrangement too.

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

Speaking to the Wall Street Journal about the sale Concord president Bob Valentine said: "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."

Genesis, who rose to fame in the 70s and have sold over 100 million records, played their last gig together in March.

Collins, who has a history of back problems, sat down for most of the gig and his son, Nic Collins, 20, stepped in for him on drums.

Collins injured a vertebra in his upper neck while performing in 2009. Two years later he stopped performing due to nerve damage. He returned to the stage in 2015, with Nic helping out.

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