Avicii Estate Sells Majority of Late DJ’s Catalog to Pophouse – Rolling Stone

The funding firm additionally owns Swedish Home Mafia’s recording and publishing rights

Pophouse Leisure now owns 75 % of Avicii’s recording and publishing rights. On Wednesday, the music funding agency co-founded by ABBA’s Björn Ulvaeus introduced that it had acquired a lot of the catalog’s publishing rights and masters from the property of the late DJ.

It’s unclear what the phrases of the deal are, however Selection estimates it to be 9 figures.

“Pophouse has offered a concrete idea and proposal for the long-term care and growth of Tim’s musical heritage,” stated Avicii’s father, Klas Bergling, in a press release. “An vital a part of the negotiation concerning the catalog sale has been to retain adequate management and private involvement in its continued growth for a very long time to come back, and guarantee a dignified tone in actions associated to Tim’s music, his legacy, and connection along with his ever-growing fanbase.”

Avicii’s household will work carefully with the corporate and can retain the remaining 25 %. (Pophouse and Avicii’s property already work collectively for an interactive museum concerning the late DJ known as the Avicii expertise.)

Pophouse — which has acquired investments from the likes of execs at Common Music Group and Capitol Music Group — additionally runs the ABBA Museum and is the lead investor for ABBA Voyage in London. The brand new acquisition follows Pophouse buying Swedish Home Mafia’s catalog earlier this yr. The CEO of Pophouse, Per Sundin, initially signed Avicii to Common Sweden in 2010.

“Tim was not solely one of many world’s finest DJs, he was a particularly productive genius who at all times went his personal manner, mixing genres, difficult conventions and creating music historical past,” Sundin stated in a press release. “I adopted his entire journey, and it’s with honor and delight that I and your entire Pophouse firm, along with the Bergling household, will nurture and introduce his music to new generations of listeners in all components of the world.”

Avicii died in April 2018 by suicide on the age of 28.

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