Avicii’s Family Sells 75% Of Late DJ’s Catalogue To ABBA Co-Founder’s Company Pophouse
The household of Avicii, the late, multi-platinum-selling Swedish DJ, has offered 75 per cent of his grasp recordings and publishing to Pophouse Leisure, the Stockholm-based firm co-founded by ABBA’s Bjorn Ulvaeus.
The household and property will keep possession of the remaining 25 per cent. Phrases of the deal, which is estimated to be for 9 figures, weren’t disclosed.
In line with the announcement, a three way partnership has been created between the household and property of Avicii and Pophouse “to safeguard Avicii’s indelible legacy by means of future international endeavours”, such because the interactive tribute museum in Stockholm, “Avicii Expertise”, that Pophouse and the Bergling household collectively opened in February.
Avicii’s father, Klas Bergling, commented: “Pophouse has introduced a concrete idea and proposal for the long-term care and growth of Tim’s musical heritage.
“By means of this deal, we’re additionally securing the Tim Bergling Basis’s long-term funds, creating alternative to behave decisively on the Basis’s commitments to supporting such vital points as psychological well being and well-being of younger folks. Working with the Tim Bergling Basis is a full-time dedication for us. The muse has solely been operating for just a few years and far must be completed for a very long time to come back.”
Pophouse CEO Per Sundin, who first signed Avicii to Common Sweden in 2010 as CEO of that firm, mentioned: “Tim was not solely one of many world’s finest DJs, he was an especially productive genius who all the time went his personal method, mixing genres, difficult conventions and creating music historical past.
“I adopted his complete journey, and it’s with honour and satisfaction that I and your entire Pophouse firm, along with the Bergling household, will nurture and introduce his music to new generations of listeners in all elements of the world.”
Earlier this yr, Pophouse acquired the masters and publishing of DJ-producers Swedish Home Mafia, which on the very least is musically and thematically in keeping with the Avicii catalog, as the 2 acts are arguably the largest Swedish dance-music artists in musical historical past.
Because it did with Avicii’s household, Pophouse fashioned a three way partnership with the trio’s members to develop and amplify the model worldwide.
Avicii, who died in 2018 on the age of simply 28, first rose to prominence in 2011 along with his Grammy-nominated single ‘Ranges’ and the next yr was ranked because the No. 1 DJ on this planet by DJ Journal.
His 2013 debut studio album, ‘True’ hit the highest 10 in additional than 15 nations, powered by its lead single, ‘Wake Me Up’.
Over the next years, he launched a number of hit singles and collaborated with artists together with David Guetta, Coldplay frontman Chris Martin, Nile Rodgers, Zac Brown, Adam Lambert, Rita Ora and produced data for Madonna, Coldplay, Guetta and Tiesto.
Nevertheless, he suffered from substance abuse and melancholy, and after his demise his household issued an announcement that implied he took his personal life.
In 2019 his household launched a mental-illness and suicide-prevention basis in his honour.
4 years after his demise, his music nonetheless garners greater than 30 million listeners a month on Spotify alone.
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