Swedish House Mafia Sells Masters, Publishing to Pophouse Entertainment

variety.com:

Jem Aswad Senior Music EditorPophouse Entertainment has acquired the master recordings and publishing of electronic music titans Swedish House Mafia, the company has announced.

The Stockholm-based entertainment company, which was cofounded by ABBA’s Bjorn Ulvaeus and is best known for endeavors such as the forthcoming “ABBA Voyage” show, virtual experiences and gaming, has acquired the masters and publishing (including their writer’s shares) of the trio’s back catalog, and will form a joint venture with its members to develop and amplify the Swedish House Mafia brand worldwide, according to the announcement.

The agreement also includes Pophouse’s full acquisition of the masters and publishing of Axwell^Ingrosso, the act comprising two-thirds of Swedish House Mafia, as well.

Terms of the deal were not disclosed.Swedish House Mafia will release its debut studio album, “Paradise Again,” on April 15 through Republic Records, and are scheduled to perform at the Coachella festival that weekend, although the new album is not part of the Pophouse deal.The company has also appointed former Capitol Music Group and Columbia Records head Steve Barnett to its company’s investment advisory committee and charged him with leading the company’s targeted outreach with U.S.- and U.K.-based rights-holders to invest in and jointly build upon the legacies of iconic entertainment brands.Pophouse CEO Per Sundin says, ”Swedish House Mafia is a groundbreaking trio that brought club music to stadiums around the world, and they continue to pave the way in contemporary electronic and dance music.