STOCKHOLM (CelebrityAccess) – Pophouse, the Swedish leisure firm led by former Common Music Sweden boss Per Sundin has introduced its entrance into the rights acquisition house by totally buying the grasp recordings and publishing catalogs of digital music stars, Swedish Home Mafia. This deal additionally contains their author’s shares. Monetary particulars weren’t disclosed.
The settlement additionally contains the complete acquisition of the masters and publishing of Axwell^Ingrosso. As well as, Pophouse says that it’s going to kind what it calls a “first-of-its-kind” three way partnership with the group’s members to develop and amplify the Swedish Home Mafia model worldwide.
Alongside in the present day’s acquisition information, Pophouse has additionally revealed that it’s increasing the corporate’s sights past Sweden, to the US and UK markets, and has employed former Capitol Music Group (CMG) Chairman & CEO Steve Barnett to its Funding Advisory Committee. In response to a media assertion, Barnett has been “charged with main the corporate’s focused outreach with US and UK-based rights-holders to spend money on and collectively construct upon the legacies of iconic leisure manufacturers”. Barnett’s appointment at Pophouse comes simply over after he introduced his retirement in December 2020, following a 50-year profession within the music enterprise, together with eight years on the helm of CMG.
Pophouse was shaped in 2014 by ABBA member Björn Ulvaeus and EQT Founder and Chair of the EQT Board – Conni Jonsson as a enterprise when the corporate created the ABBA Museum in Stockholm.
Swedish Home Mafia appeal to almost 19 million listeners a month on Spotify, and have amassed billions of mixed streams and views. The group will launch their debut studio album, Paradise Once more, on April 15 by Republic Information. They not too long ago had successful with “Sacrifice” on The Weeknd’s new album, Daybreak FM. The trio will embark on their Paradise Once more World Tour in July.
