The package reportedly includes such Collins solo hits as “In The Air Tonight,” “You’ll Be In My Heart” and “Against All Odds.”
estimates that the overall package, after the deduction of production and distribution costs, averaged about $12.4 million annually over the last three years in master recording revenue and about $5.5 million in annual publishing revenue.further estimates that the package of music rights, which sources say includes name and likeness, carries a valuation of at least $335 million and might be as much as $375 million.
The package supposedly also includes such Collins solo hits as “In The Air Tonight,” which according to Luminate has 7.26 million song consumption units, along with “You’ll Be In My Heart” and “Against All Odds” . It also includes master recordings of Collins’ covers of “A Groovy Kind Of Love” and “You Can’t Hurry Love,” which all each have over 1 million song consumption units.
Breaking out the package of music rights by recording artist, Collins’ music assets generate more than twice the activity of the Genesis catalog, withestimating its valuation at about $235 million, based on almost $4 million in estimated publishing royalties and $8.5 million in master recording revenue from his solo catalog.
Most of the publishing for all three recording acts appear to be administered by Concord. The master recording catalogs of Collins, Genesis and most of the Mike + the Mechanics are mainly at the Warner Music Group and sources previously said those records will probably stay there for the foreseeable future.
Tony Smith, who is Collins’ and Genesis’ manager and who sources say was shopping the Genesis portion of the music rights package, didn’t immediately respond to a request for comment. But for the prior story earlier this year, he emailed the following statement to: “Over the last three or four years there have been several major deals, with quite a few bidders in the market looking to purchase publishing and recording copyrights, amongst many others we have been approached on several occasions.
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