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Phil Collins, Mike Rutherford, and Tony Banks of Genesis sell rights to Concord in $300m deal

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unity reacquired.

This time the company has secured the publishing and recording catalogs of Tony Banks, Phil Collins and Mike Rutherford, as well as the publishing and recording catalog from their years in the band Genesis.

Citing “persons familiar with the transaction”, That Wall Street Journal reports that the “megadeal” is “worth over $300 million.”

The news follows a series of Concord’s recent M&A activities, including: to buy of wealth from HitCo entertainment and its eight-figure purchase by the Australian and New Zealand based music publisher Native Tongue.

unity spent an estimated $1 billion on acquisitions in the first 14 years in business. It then spent two nine-figure sums to acquire a controlling stake in Pulse music group in 2020 and then the Imagine the Dragons publishing catalog acquire Downtown‘s copyright portfolio for $400 million in 2021.

MBW also understands that Concord is in the race for purchasing the Pink Floyd catalogue.

Concord says that the “combined music catalogs of Genesis and these three artists are among the most commercially successful of all time”.

Genesis have released 15 original studio albums. Tony Banks has released six solo albums, Phil Collins eight and Mike Rutherford two, plus nine as Mike + The Mechanics.

Concord notes that combined record sales, including additional live albums, film soundtracks, and box sets, total more than 250 million copies worldwide and include songs The lamb lies down on Broadway, susudo, Against all odds, All I need is a miracle in the air tonight I can not dance, That’s all, the land of confusion The Living Years, invisible touch and some other hits.

Not included in the acquisition are Peter Gabriel and Steve Hackett’s contributions to the early Genesis albums.

Concord was advised on this transaction by Shot Tower Capital, Reed Smith LLP and DLA Piper. The sellers (Tony Banks, Phil Collins and Mike Rutherford) were advised by Hit & Run Music Ltd and Sheridans.

“This is a music catalog that we are all very proud of and means a lot to many fans.”

Tony Smith, TSPM

Tony Smith, Founder of TSPM and longtime manager of Genesis, Tony Banks, Phil Collins, Mike Rutherford and Mike + The Mechanics said: “This is a catalog of music that we are all very proud of and means a lot to a lot of fans .

“Concord is one of the world’s leading music providers, with whom we have been working for many years on the publishing side, which we are expanding together with the publisher to the entire recording catalogue.

“We have been impressed by their good judgment and sensitivity to artists’ desires and we are confident that is the case alongside their respective ongoing record label relationships Warner Music and BMGwe leave the future possession of the catalog in their competent hands, safe in the knowledge that the legacy will be protected.”

“Tony, Phil and Mike’s songs were the soundtrack to the most important moments in many people’s lives.”

Bob Valentine, Eintracht

Concord President Bob Valentine said, “Tony, Phil and Mike’s songs have been the soundtrack to the most important moments in many people’s lives.

“Everyone at Concord feels the weight of the cultural significance of this remarkable collection of works, and we will strive to ensure that current and future generations of music listeners continue to hear and enjoy them.”


MBW recently interviewed Concord CEO, Scott Pascucciand president, Bob Valentinethe company’s return to the music industry M&A marketplace; and the company’s decision to reject a $5 billion takeover bid.music business worldwide

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Sam Bankman-Fried on prospect of prison: This isn’t the time and place to think about that

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The disgraced founder of crypto exchange FTX, which went bust aCentre County Reporter looting client funds, says he’s not particularly focused on criminal risks he may be facing at the moment. His remarks came during a widely watched interview at a New York Times DealBook conference.

“There will be a time and a place to reflect on myself and my own future. But I don’t think it is. Look, I’ve had a bad month,” Sam Bankman-Fried responded to a question from host Andrew Ross Sorkin about whether he was concerned about criminal liability for his actions.

The comments sparked laughter from audiences and raised eyebrows on social media, where many were surprised Bankman-Fried even agreed to the live interview. Those at the center of potentially criminal scandals usually heed lawyers’ advice to remain calm lest they provide compromising information to prosecutors.

“They’re not at all,” Bankman-Fried replied when asked if attorneys were telling him to speak out. “I have a duty to explain what happened … I don’t see what is achieved by just sitting cooped up in a room and pretending the outside world doesn’t exist.”

Legal observers have suggested that Bankman-Fried’s conduct at FTX could amount to wire fraud, a federal law that can carry a 20-year prison sentence. For the time being, he has not been charged with any criminal charges and is presumed innocent.

Sam Bankman-Fried, dressed in a black t-shirt and appearing practically from the Bahamas, apologized for FTX’s collapse, which has leCentre County Report it owing money to more than a million customers and creditors. But he denied attempting to commit fraud.

“[I] not even knowingly mixed. I was frankly surprised at how big Alameda’s position was, which indicates another failure on my part. I wasn’t trying to mix funds,” he said, referring to his hedge fund, which drew funds from the FTX exchange when it ran into financial difficulties earlier in the year.

On several occasions during the interview, Bankman-Fried apologized to investors for the FTX debacle but didn’t seem to acknowledge that he had done anything morally wrong.

“Ultimately, I had a duty to investors, to the world. I didn’t do that well. I made a lot of mistakes. There are things I would give anything to do again. I wasn’t trying to cheat on anyone … There are things I wish I had done differently,” he said.

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[PIAS] founders explain why they sold 49% of their company to UMG: ‘The battle lines in our industry have been redrawn.’

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Independent music giant[[[[PIAS]revealed on Wednesday (November 30) that Universal music group took a minority stake in the company.

The deal UMG sees acquire a 49% stake in which [PIAS] Group for an undisclosed sum, following the formation of a strategic global alliance between the two companies in June 2021.

In a letter to [PIAS]’s Partners on Tuesday (November 29), a day before the deal was announced, the indie company’s founders, Kenny Gates and Michel Lambot, outlined the background and reasons behind their decision to close the deal with UMG.

In the note MBW has now received, Gates and Lambot wrote that they did “established a productive and mutually trusting working relationship with UMG” oin the last 18 months since they formed their global alliance in June last year.

UMG has “shown us clearly that they understand and appreciate the importance of [PIAS] in the marketplace as an autonomous global music company serving independent labels and artists,” added Gates and Lambot.

“With this in mind, we recently approached UMG to make an investment [PIAS] that would allow us to retain majority control of the company.”

The duo said they felt it was “a reasonable option in the context of an increasingly challenging economy and an uncertain geopolitical environment.”

“We recently approached UMG to make an investment [PIAS] this would allow us to retain majority control of the company. We felt this was a viable option in the context of an increasingly challenging economy and an uncertain geopolitical environment.”

Kenny Gates and Michel Lambot, [PIAS]

Keep commenting on the reasons for the deal, [PIAS]”We are also aware that the fronts have been redrawn in our industry,” write the founders of .

They continued, “Today we compete with tech and financial giants who don’t value the cultural significance of the artists and labels we work so hard for, but see music only as an ‘asset class’ to be ruthlessly exploited a speedy return,” they added in their letter.

According to the press release issued on Wednesday (November 30), as per their new agreement, “[PIAS] will remain fully independent and its founders, Kenny Gates and Michel Lambot, will retain majority control of the company.”

The publication confirmed that “UMG will have no seats on the company’s board of directors.”

You can read her letter [PIAS]’s full-length partner below.


dear partner,

Tomorrow morning we will announce that Universal Music Group has invested in a minority stake in [PIAS] Group.

We wanted to make sure that you, as our partner, were informed before the announcement went live. We also wanted to take this opportunity to share some background and arguments for our decision to include UMG as a minority shareholder.

As you were informed last June, we initially agreed a strategic partnership with UMG which gave us access to finance and allowed UMG to use our international distribution network for part of their own repertoire.

Over the past 18 months we have developed a productive and mutually trusting working relationship with UMG which has clearly shown us that they understand and value the importance of [PIAS] on the market as an autonomous global music company serving independent labels and artists.

With that in mind, we recently approached UMG to make an investment [PIAS] this would allow us to retain majority control of the company. We thought this was a reasonable option in the context of an increasingly challenging economy and an uncertain geopolitical environment.

We are also aware that the fronts in our industry have been redrawn. Today we compete with tech and financial giants who don’t value the cultural significance of the artists and labels we work so hard for, but only see music as an “asset class” to be ruthlessly exploited in exchange for a quick return on investment.

We are therefore pleased to confirm that UMG are now our partners and investors and that [PIAS] will remain fully independent, with Kenny and Michel retaining majority control of the company.

In addition, it is important to clarify that the UMG has no seats in the [PIAS] Blackboard.

This investment by UMG means we can continue to expand our offering and offer our partners an even better service in what is still a challenging, aggressive and acquisitive market. As one of the few remaining, globally operating and privately held music companies in this industry, we strive to provide independent labels and artists with the best possible service through our unrivaled international network, led by passionate and experienced music lovers.

We will continue to strive to be a trusted and valued partner to you and all the other great labels, artists and their managers that we are privileged to work with through our two distribution companies [Integral] and the [PIAS] label group.

Nothing changes – business as usual remains the same [PIAS].

If you have any questions about this announcement or our plans for the foreseeable future, please do not hesitate to contact us.

We would like to thank you very much for your trust and look forward to continuing our long-standing partnership.

Kenny, Michel and the [PIAS] Leadership team music business worldwide

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AZIO Launches Cascade 98 Keyboard, the First Low-Profile Mechanical Keyboard With a Full-Size Number Pad — NOW LIVE on KICKSTARTER

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The fully customizable Cascade mechanical keyboard with 98% layout features a full-size number pad for improved typing accuracy and productivity

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LOS ANGELES, Nov. 30, 2022 (GLOBE NEWSWIRE) — AZIO, the company that developed the popular Cascade 75% keyboard line, today announced the launch of Cascade 98% on Kickstarter. Last March, AZIO successfully funded the Cascade 75 keyboard series and reached its funding goal within the first week. As a successor, the Cascade 98 offers a full-size number pad and is available in standard and slim profiles. This gives users the ability to remain unobtrusive, which is trending among keyboard enthusiasts.

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With customization options, users can expect to customize their choice of keyswitches, keycaps, and even the aluminum top plate. The Cascade keyboard is now available in a 98% layout that is a blend of form and function for users who prefer a full-featured keyboard in a compact form.

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The Cascade and Cascade Slim come in two basic keycap themes, Galaxy and Forest, with laser-etched lettering for a backlit effect. Four sets of PBT keycaps can be purchased separately, more designs are in the pipeline.

Most notably, the mechanical keyboard is equipped with a hot-swappable switch mechanism that allows users to choose their preferred mechanical switch. Options on the Kickstarter include four different Gateron G-Pro switches: blue, brown, yellow, or red, and three different low-profile Gateron switches: blue, brown, or red. The Cascade keyboard is compatible with all MX switches compatible, allowing users to swap out and use their own favorite switches.

Other features of the Cascade 98% are:

  • Full-size number pad with a full-size NULL key that improves typing accuracy and productivity
  • Hot-swappable mechanical switches and keycaps
  • Built-in foam dampeners for improved acoustics while reducing vibration and rattling
  • Pre-lubricated switches for smooth key actuation
  • A variety of different backlight settings, including RGB colors and animation patterns
  • Three adjustable foot positions for optimal comfort
  • System and connectivity switcher that allows users to switch between Mac and PC mode or Bluetooth and USB mode
  • Connect/pair up to five devices simultaneously with three Bluetooth profiles and USB + RF modes

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The Cascade 98 is available now kickstarters. Backers can take advantage of the early bird special starting at $99 on any base model.

About AZIO Corporation

Founded in Los Angeles in 2009, AZIO was created as an answer to the stagnant aesthetic of workplace accessories. Our design goal is to develop innovative products that are intuitively easy to use, offer maximum comfort and leave a minimal ecological footprint. Bypassing traditional materials, form and function, we disrupt conventional design to create your dream workspace. Our aim is to spark creativity and improve the way you work through a unique narrative that is efficient yet beautiful. Let us help revolutionize the way you work.

Contact information:

William Ao
[email protected]

(909) 468-1198

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Image 1: AZIO Cascade 98 Mechanical Keyboard

AZIO Cascade 98 Mechanical keyboard with slim bronze body and Forest Light keycaps.

This content was published by the News release distribution service at Newswire.com.

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