Pophouse Leisure, the Sweden-based music funding agency co-founded by ABBA’s Björn Ulvaeus, has appointed Jessica Koravos as its new CEO, efficient January 2026.
In line with a press launch issued on Friday (July 4), Per Sundin, Pophouse’s present CEO, will stay within the position till Koravos joins in January 2026, and can “assist a clean and orderly course of” earlier than assuming a brand new position throughout the firm.
The assertion added that Sundin, who Pophouse mentioned “has performed a vital position in shaping the corporate’s strategic course and constructing a robust basis for long-term success,” will transition to a brand new position “outlined round his expertise in and data of the leisure trade”.
Pophouse’s incoming CEO, Jessica Koravos, beforehand served as President of Oak View Group Worldwide, the place she led worldwide enviornment growth initiatives, “navigating a number of high-value infrastructure investments and partnerships throughout world markets”.
Previous to that, Koravos was President of Andrew Lloyd Webber’s The Actually Helpful Group, managing world licensing and manufacturing for titles comparable to The Phantom of the Opera, Cats, and Jesus Christ Celebrity.
Koravos was additionally a member of the Board of ABBA Voyage, the ABBA avatar present in London.
In line with Pophouse, as a “extremely regarded worldwide enterprise government with in depth expertise and a confirmed observe file of increasing leisure and dwell manufacturing ventures globally, [Koravos] is well-positioned to supervise Pophouse’s subsequent part of development”.
Information of the corporate’s management change arrives round three months after Pophouse introduced that it had raised over EUR €1.2 billion (USD $1.3 billion) to spend money on music catalogs and IP.
The Stockholm-based firm’s debut fund, Pophouse Fund I, raised over €1 billion ($1.1 billion), reaching its onerous cap and making it, Pophouse, claimed, “one of many largest first-time non-public fairness funds to be raised in Europe within the final decade”.
Pophouse secured an extra €200 million ($216m) by devoted co-investment autos, “offering buyers the chance to take a position alongside the Fund and take part in choose transactions”.
The corporate mentioned it had already deployed about 30% of the fund through partnerships with artists comparable to American rock band KISS, pop singer Cyndi Lauper, and Swedish digital dance music artists Avicii and Swedish Home Mafia.
Though Pophouse is mostly related to the wildly standard ABBA Voyage avatar present (operated by a separate UK-based holding firm, Aniara Ltd.), the agency’s funding portfolio consists of numerous different immersive productions like The Avicii Expertise in Stockholm, Mamma Mia! The Occasion, ABBA The Museum, and the soon-to-be-launched KISS avatar present in Las Vegas.
The corporate additionally mentioned on Friday that it “has an thrilling pipeline of latest collaborations and inventive initiatives within the works”.
The assertion added that underneath Koravos’ management, Pophouse will likely be targeted on “considerably increasing its portfolio and productions internationally, creating groundbreaking content material on the intersection of music, leisure, and know-how”.
Pophouse famous that in her position as President of Oak View Group, Koravos established “a robust worldwide administration staff” with operational hubs in London, Madrid, and Abu Dhabi.
Koravos was additionally liable for overseeing the event and launch of the Co-op Stay enviornment within the UK, now set to host the BRIT Awards’ transfer to Manchester in 2026.
Pophouse was based by ABBA’s Björn Ulvaeus and EQT founder Conni Jonsson, and is chaired by Lennart Blecher, EQT’s Head of Actual Property.
“This management transition represents a pivotal second in Pophouse’s evolution and underscores the corporate’s mission to redefine the leisure panorama.”
Lennart Blecher, Pophouse
Lennart Blecher, Chair at Pophouse, commented: “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 observe file of driving sustained development throughout leisure and dwell manufacturing ventures on a world scale, and her management in securing worldwide licensing partnerships and delivering iconic IPs to audiences all through Europe, Asia and the US aligns completely with our formidable enlargement objectives – for instance Mamma Mia! The Occasion and the upcoming KISS avatar present. I’m really thrilled to welcome Jessica to Pophouse.”
Blecher added: “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 stay up for persevering with our collaboration.”
“I stay up for driving the longer term enlargement and success of the enterprise.”
Jessica Koravos
Jessica Koravos, incoming CEO of Pophouse, mentioned: “I’m really delighted to be becoming a member of Pophouse at this thrilling time.
“Having seen Pophouse’s super development – pushed by their compelling technique, highly effective partnerships with world artists, inspiring Board and glorious staff. I stay up for driving the longer term enlargement and success of the enterprise.”Music Enterprise Worldwide