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Swedish company Pophouse Entertainment has bought a majority stake in the company Avicii Master recording and publishing rights.
Assets in the Avicii catalog were previously held by his family fortune, but they still reportedly own 25% of the total. The partnership effectively ensures that the iconic dance music producer’s family will continue to have a say in how Avicii’s music is promoted and utilized in the future.
Avicii’s parents are Klas Bergling and Anki Lidén.The former said that the deal ensures that Tim Bergling Foundation Funding remains ample for the foreseeable future.
“Through this transaction, we also secure the long-term financial health of the Tim Bergling Foundation, creating the opportunity to decisively deliver on the foundation’s commitment to supporting the mental health of young people,” Bergling said in a statement. commitment to important issues such as well-being and well-being.”
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Avicii.
Sean Erickson
Bergling also noted that he believes the deal will help bring his son’s music to a global fan base.
Founded by ABBA’s Björn Ulvaeus, Pophouse’s industry expertise is what attracted other electronic music icons Swedish mafia sells fractional ownership of its records Just six months ago.
“It feels great to work with a company like Pophouse, it’s not just about simply acquiring our creative work,” the trio said in a statement at the time.
Financial terms of the Avicii acquisition were not disclosed at the time of writing.
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