Swedish entertainment company Pophouse has reached an agreement to acquire a majority stake in the music catalog of legendary singer Tina Turner from BMG, according to reports from Swedish media. The deal, first reported by Dagens Industri, involves Pophouse purchasing the majority rights to Turner's extensive music catalog. Pophouse was founded by ABBA's Björn Ulvaeus and investor Conni Jonsson.
In a press statement, Pophouse CEO Jessica Koravos said the company plans to launch a series of creative projects to highlight Tina Turner's remarkable music and persona, securing her legacy as the queen of rock'n'roll. The acquisition represents a significant move in the music rights market, where catalog acquisitions have become increasingly common as investors seek stable returns from established artists' works.
the company plans to launch a series of creative projects to highlight Tina Turner's remarkable music and persona while securing her legacy as the 'queen of rock'n'roll.'