POLITIKOFF

Avicci's family sells the music rights to the well-known Swedish company

Avicci's family sells the music rights to the well-known Swedish company

Avicii's family has sold 75% of the rights to his music recordings to Swedish entertainment company Pophouse. The deal will allow his parents to focus on the foundation they set up after his passing in 2018. They retain 25% of his remaining royalties, to ensure his music is used and promoted in a dignified manner. 'Pophouse' was created by Abba star Björn Ulvaeus in 2014.

Avicii was born in 1989 and produced music for Madonna and Coldplay becoming one of the highest paid DJs in the world. Parents Klas Bergling and Anki Lidén have overseen his estate, organized a concert and also opened a tribute museum in Stockholm earlier this year. In a statement, the late Bergling's father explained that the sale of the majority of the shares would help to secure his inheritance.

Through this agreement, we are securing the long-term finances of the Tim Bergling Foundation. This gives us the opportunity to act decisively on the foundation's commitments to support important issues such as the mental health and well-being of young people.

He explained that the deal would bring Avicii's music to the widest possible audience and cater to his international fan base. Avicii's deal comes six months after Pophouse bought major Swedish House Mafia records. No figures have been released for the purchase.

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