Swedish leisure firm Pophouse has named a brand new CEO, Jessica Koravos, who will take over management of the corporate in January 2026.
A press release from Pophouse says that Koravos will “lead the corporate’s bold subsequent section of world enlargement and its journey to change into a world chief in music IP funding and growth.”
Koravos was beforehand president of Oak View Group Worldwide, president of Andrew Lloyd Webber‘s The Actually Helpful Group and a board member for ABBA Voyage, the ABBA hologram present developed by Pophouse that debuted in London in 2022. (Pophouse was co-founded by ABBA’s Björn Ulvaeus.)
Pophouse’s present CEO, Per Sundin, will stay in his present position till Koravos joins as CEO in January. The assertion says Sundin will “help a clean and orderly course of, earlier than assuming a brand new position” throughout the firm. This new position “shall be outlined round his expertise in and information of the leisure trade along with [Koravos].”
“I’m actually delighted to be becoming a member of Pophouse at this thrilling time,” Koravos says in a press release. “Having seen Pophouse’s large progress — pushed by their compelling technique, highly effective partnerships with international artists, inspiring board and wonderful staff. I sit up for driving the long run enlargement and success of the enterprise.”
The corporate’s chair, Lennart Blecher, provides that “this management transition represents a pivotal second in Pophouse’s evolution and underscores the corporate’s mission to redefine the leisure panorama. Jessica brings a confirmed monitor report of driving sustained progress throughout leisure and reside manufacturing ventures on a worldwide scale, and her management in securing worldwide licensing partnerships and delivering iconic IPs to audiences all through Europe, Asia and the U.S. aligns completely with our bold enlargement targets — for instance Mamma Mia! The Social gathering and the upcoming KISS avatar present. I’m actually thrilled to welcome Jessica to Pophouse.”
Blecher provides, “I want to thank Per for all he has contributed to place Pophouse firmly on the map. We’re delighted that Per will proceed to be an important a part of the staff and all of us at Pophouse sit up for persevering with our collaboration.”
In March, Pophouse introduced that it raised $1.3 billion to spend money on catalog acquisitions and develop leisure experiences round these music rights. It concurrently revealed that roughly 30% of this fund has already been deployed in partnerships associated to the acquisition of rights to songs by KISS, Cyndi Lauper, Avicii and Swedish House Mafia.
In an interview with Billboard in Could, Sundin mentioned that the corporate hopes “to announce not less than one catalog we’re shopping for by summer season. However we don’t simply need to purchase it and put it on the shelf. We create a street map for 5 to 10 years, after which we execute that street map. From the start, we instructed our traders that we need to purchase eight to 10 catalogs. We have now 4. That leaves six to purchase. The report corporations have 1000’s of catalogs.”
Pophouse’s present monitor report contains the aforementioned ABBA Voyage, The Avicii Expertise tribute museum in Stockholm, Mamma Mia! The Party, an interactive feast in a London theater designed like a taverna within the Greek islands and ABBA The Museum, which opened in 2013. KISS additionally sold its name and likeness rights to Pophouse and has said {that a} digital efficiency of its songs might launch in Las Vegas in 2027.