Transatlantic DLA Piper team oversees Phil Collins and Genesis back catalogue sale
A global team of DLA Piper media, sports and entertainment lawyers has advised leading independent music company Concord on its purchase of the music catalogues of Phil Collins, Tony Banks and Mike Rutherford, individually and as members of the band Genesis.
Concord is an independent, worldwide leader in developing, managing and acquiring sound recordings, music publishing and theatrical performance rights. Concord’s current roster includes such critically acclaimed songwriters as The 1975, Glen Ballard, Tyler Bates, Fiona Bevan, BIA, Jason Robert Brown, Tofer Brown, Daft Punk, Chase + Status, Cautious Clay, Jacob Collier, Denzel Curry, James Earp, Noah Goldstein, Ruston Kelly, Tom Kitt, Daniel Lanois, Hillary Lindsey, Duff McKagan, Josh Miller, Oh Wonder, Justin Parker, Steve Robson, Mark Ronson, Anthony Rossomando, Biff Stannard, Varren Wade, Walshy Fire, Tion Wayne and Yola.
Genesis has had a career spanning more than five decades and amassing over 100 million albums sold around the world. The combined record sales of the group and its three core members, along with live albums, soundtracks and box sets, are in excess of 250 million copies. The work includes tracks “I Can’t Dance,” “That’s All,” “In the Air Tonight”.
“This transaction reinforces Concord's reputation as a home for artists and songwriters focused on preserving their legacy.”
Co-chair of DLA Piper's Entertainment Finance Practice
Robert J. Sherman, co-chair of DLA Piper’s Entertainment Finance practice, who led the firm’s deal team, comments: “This transaction is particularly noteworthy because it reinforces Concord’s reputation as a home for artists and songwriters focused on preserving their legacy.. It was a pleasure to partner with them on yet another historic deal.”
In addition to Sherman (Los Angeles), the DLA Piper team representing Concord included partners Gerald Rokoff (New York) and Mark Dwyer (London). It also included associates Kali Jelen and Payvand Coyle (both in Los Angeles), Ryan Dieter (Philadelphia), John Wei (Boston), Rachel Fertig (Washington, DC) and Clara Fong and Devanshu (both in London).
DLA Piper's market-leading international team of media, sport and entertainment lawyers, located throughout the Americas, Asia Pacific, Europe, Africa and the Middle East, advises on M&A, finance, borrowing, investment and corporate issues, production and rights acquisitions, exploiting media rights, staging and exploiting live sports and other events, intellectual property protection and enforcement, regulatory and administrative issues, antitrust and competition law, stadium and arena development and on the resolution of disputes.