Swedish DJ and music producer Avicii, born Tim Bergling, left an indelible mark on the electronic dance music scene before his untimely death in 2018. In the wake of his passing, news emerged of a significant music rights deal that saw Pophouse Entertainment acquire 75% of his masters and publishing.
According to reports, the financial details of the deal were not disclosed. However, it is known that Pophouse Entertainment, a company with a history of music investments, acquired a substantial portion of Avicii's music catalog.
Avicii's Music Rights Sold to Pophouse Entertainment
The sale of music rights is a complex issue, with various types of rights at play. Broadly speaking, music rights consist of performance rights, mechanical rights, and synchronization rights. These rights can be owned by various entities, including artists, record labels, and music publishers.
Understanding Music Rights and Royalties
Music rights societies, such as ASCAP, BMI, and SESAC, play a crucial role in the administration and collection of music rights. They represent the interests of songwriters, composers, and music publishers, ensuring that they are fairly compensated for the use of their music.
What Are Music Rights Societies?
The ownership of music rights can be a contentious issue, with disputes arising over the percentage of ownership and control. In the case of Avicii, it is clear that Pophouse Entertainment has acquired a significant stake in his music catalog. The financial implications of this deal remain to be seen, but it is certain that it represents a significant investment in the late artist's legacy.