Avicii's family has sold the copyrights to the late musician's recordings

The contract allows Avicii's parents to focus specifically on the foundation they created in his memory after their son's death in 2018. According to an article on the BBC's online news portal, 25 percent of the copyrights were kept for themselves in order to preserve the dignity of the use and promotion of the music.

Founded in 2014, Pophouse organizes the ABBA Voyage show in London.

The Swedish Avicii - originally named Tim Bergling - was born in 1989 and became known for uploading songs he made in his bedroom in Stockholm to music websites. He achieved great international success with his emotional pop songs. He later worked with Madonna and Coldplay, among others, and became one of the highest paid DJs in the world. He took his own life, suffering from alcoholism and depression.

His parents are taking care of his legacy, they organized a concert in his memory and opened a museum for him in Stockholm this year.
In a statement, Pophouse director Per Sudin promised that the deal would ensure long-term funding for the Tim Bergling Foundation, which supports important causes such as youth wellbeing and mental health.
In the past five years, a number of big-name artists, including Bob Dylan, Shakira, Blondie and Neil Young, have sold their music catalogs for significant sums to companies that have taken over the care of their legacies, profiting from the royalties.

(Source: marmalade.co.hu; MTI | Image: pixabay.com)