The Avicci Estate has sold 75 percent ownership in the artist’s master recordings and publishing to Pophouse Entertainment.
As per an agreement that they concluded with the Stockholm-based entertainment company, the family and estate of the late DJ will maintain ownership of the remaining 25 percent.
A joint venture has been created between the family and estate of Tim Bergling and Pophouse to safeguard Avicii’s indelible legacy through future global endeavors, such as the interactive tribute museum in Stockholm, Avicii Experience, that Pophouse and the Bergling family opened in February.
“Through this deal, we are also securing the Tim Bergling Foundation’s long-term finances, creating an opportunity to act decisively on the Foundation’s commitments to supporting such important issues as mental health and the well-being of young people,” said Avicci’s father Klas Bergling.
According to Pophouse CEO Per Sundin, “Tim was not only one of the world’s best DJs, he was an extremely productive genius who always went his own way, mixing genres, challenging conventions and creating music history. I followed his whole journey, and it is with honour and pride that I and the entire Pophouse company, together with the Bergling family, will nurture and introduce his music to new generations of listeners in all parts of the world.”
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