(CelebrityAccess) — Pophouse Leisure, Stockholm-based leisure firm, introduced it has absolutely acquired the again catalog of the legendary music manufacturing trio Swedish Home Mafia.
The deal consists of all of Swedish Home Mafia’s grasp recordings and publishing (together with their author’s shares) of the group’s present music in addition to the total acquisition of the masters and publishing of Axwell^Ingrosso.
Below the phrases of the deal, Pophouse will type a three way partnership with the members of the group to leverage the Swedish Home Mafia model worldwide.
”Swedish Home Mafia is a groundbreaking trio that introduced membership music to stadiums all over the world, they usually proceed to pave the way in which in up to date digital and dance music. We’re so excited to be partnering with them to inform that story for generations to return. Whereas our landmark settlement with them entails the acquisition of the recordings and publishing of their again catalog, it’s our first-of-its-kind three way partnership with the band’s members that exemplifies the varieties of partnerships we’re pursuing in our focused enlargement,” stated Pophouse CEO Per Sundin.
“It feels nice for us to companion up with an organization like Pophouse that can do far more than merely purchase our artistic work. Pophouse will make investments funds, know-how and assets to carry our music into areas of leisure the place it hasn’t been earlier than and for brand spanking new audiences to find our legacy,” the member of the Swedish Home Mafia stated in a joint assertion.
Pophouse, which was launched in 2014 by ABBA member Björn Ulvaeus and EQT Founder and Chair of the EQT Board Conni Jonsson, stands behind the ABBA Museum in Stockholm, in addition to different ventures akin to House, the most important gaming middle on the planet; Pippi on the Circus, a musical primarily based on the legendary Astrid Lindgren character Pippi Longstocking, housed within the firm’s Cirkus enviornment; and Nordic podcast studio Excellent Day Media.
In Could, the ABBA Voyage in London, the place Pophouse is the lead-investor, will function the legendary music group’s avatars accompanied by a 10-piece stay band at a custom-built enviornment on the Queen Elizabeth Olympic Park.
The monetary phrases of the sale weren’t disclosed.