Pophouse Acquires Majority Stake in Tina Turner’s Music Interests

Pophouse, the Sweden-based entertainment and music investment firm founded by ABBA’s Björn Ulvaeus, has cut a strategic deal with BMG to acquire a majority stake in the music interests of Tina Turner, including her name, image and likeness (NIL) rights.

Backstory:

• In October 2021, BMG acquired Turner’s share of her recordings, plus her music publishing writer’s share, neighboring rights, and NIL rights.

• Following a “strategic transaction” between BMG and Pophouse, the Swedish company is now a majority co-owner in Turner’s music interests.

Next steps:

• Pophouse, alongside BMG and the Tina Turner Estate, will focus on long-term stewardship and contribute creative ideas that “respect and laud” Turner’s artistry, as per the media release.

Accomplishments:

• A touring artist for over 50 years, Turner was twice inducted into the Rock & Roll Hall of Fame.

• She won 12 GRAMMY Awards, including a Lifetime Achievement Award.

• She is one of the top-selling female artists of all time, with a catalog that includes hits such as “What’s Love Got to Do with It” and “The Best.”

What they said:

• Jessica Koravos, Pophouse CEO: “I am thrilled to welcome Tina Turner’s iconic catalog to the Pophouse family. We will now set in motion a series of creative projects to celebrate Tina Turner’s remarkable music and persona and secure her legacy as the Queen of Rock n’ Roll.”