Swedish Home Mafia’s Masters and Publishing Catalog Acquired by Pophouse – EDM.com
Swedish Home Mafia’s catalog of music has been bought by Pophouse Leisure, an leisure funding firm based by ABBA member Björn Ulvaeus and EQT Founder Conni Jonsson in 2014.
The acquisition consists of the grasp recordings and publishing, in addition to the author’s share, of the legendary dance music trio’s catalog. It additionally consists of the masters and publishing rights of Axwell Λ Ingrosso, the collaborative nom de plume of Swedish Home Mafia members Axwell and Sebastian Ingrosso, who recorded music collectively following the band’s 2012 disbandment.
Pophouse Leisure will leverage their assets and amplify the Swedish Home Mafia model to grow to be much more world, and expose their music to ancillary markets inside the business. The phrases of the deal weren’t disclosed.
“Swedish Home Mafia is a groundbreaking trio that introduced membership music to stadiums world wide, and so they proceed to pave the best way in up to date digital and dance music,” Pophouse Leisure’s CEO Per Sundin mentioned in a press launch shared with EDM.com. “We’re so excited to be partnering with them to inform that story for generations to return. Whereas our landmark settlement with them includes 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.”
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Pophouse Leisure has enlisted Capitol Music Group and Columbia Data head Steve Barnett to steer the corporate’s Funding Advisory Committee. Barnett can also be tasked with focused outreach for U.S.- and U.Okay.-based rights-holders to put money into their catalog.
“I’ve identified Per and Johan for a few years, and have labored intently with them on so many endeavors on behalf of artists,” Barnett added. “I additionally had the pleasure of serving to to relaunch the illustrious ABBA catalog in America at Capitol, and [ABBA member and Pophouse founder] Björn Ulvaeus is just one of the vital inventive and forward-thinking artists and executives within the historical past of our enterprise. I’m thrilled to be becoming a member of them and the whole Pophouse workforce as we forge new partnerships on behalf of artists within the U.S., U.Okay. and past.”
Swedish Home Mafia have expressed pleasure concerning the acquisition as nicely, citing the enlargement into new markets and the prospects of leveraging Pophouse’s experience.
“It feels nice for us to accomplice up with an organization like Pophouse that may do rather more than merely purchase our inventive work,” the trio mentioned in a joint assertion. “Pophouse will make investments funds, know-how and assets to deliver our music into areas of leisure the place it hasn’t been earlier than and for brand spanking new audiences to find our legacy.”