Swedish House Mafia’s music catalog was purchased by Pophouse Entertainment, an entertainment investment company founded by ABBA member Björn Ulvaeus and EQT founder Conni Jonsson in 2014.
The acquisition includes master recordings and editing, as well as the author’s share, of the catalog of the legendary dance music trio. It also includes masters and publishing rights to Axwell Λ Ingrosso, the collaborative pen name of Swedish House Mafia members Axwell and Sebastian Ingrosso, who recorded music together after the band disbanded in 2012.
Pophouse Entertainment will leverage its resources and amplify the Swedish House Mafia brand to become even more global and expose its music to ancillary industry markets. Terms of the agreement were not disclosed.
“Swedish House Mafia are a groundbreaking trio who have brought club music to stadiums around the world, and they continue to lead the way in contemporary electronic and dance music,” said Pophouse Entertainment CEO Per Sundin, in a press release shared with EDM.com. “We are thrilled to partner with them to tell this story for generations to come. Although our landmark agreement with them involves acquiring the recordings and publishing their catalog, this is our first joint venture of its kind. with group members that exemplifies the types of partnerships we pursue in our purposeful expansion.”
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Pophouse Entertainment has recruited Capitol Music Group and Columbia Records executive Steve Barnett to lead the company’s investment advisory board. Barnett is also responsible for educating US and UK based rightsholders to invest in their catalog.
“I have known Per and Johan for many years and have worked closely with them on so many efforts on behalf of artists,” Barnett added. “I also had the pleasure of helping relaunch the illustrious ABBA catalog in America at Capitol, and [ABBA member and Pophouse founder] Björn Ulvaeus is quite simply one of the most creative and forward-thinking artists and leaders in our company’s history. I’m thrilled to join them and the entire Pophouse team as we forge new partnerships on behalf of artists in the US, UK and beyond.”
The Swedish House Mafia also expressed excitement about the acquisition, citing the expansion into new markets and the prospects of leveraging Pophouse’s expertise.
“It’s great for us to partner with a company like Pophouse that will do more than just acquire our creative work,” the trio said in a joint statement. “Pophouse will invest funds, know-how and resources to take our music into areas of entertainment where it has never been before and to bring new audiences to our legacy.”