Pophouse Entertainment, the Sweden-based music investment firm co-founded by ABBA’s Björn Ulvaeus, has raised over EUR €1.2 billion (USD $1.3 billion) for its debut fund. The Stockholm-based company announced Monday (March 31) that Pophouse Fund I raised over €1 billion ($1.1 billion), reaching its hard cap and making it, “one of the largest first-time private equity funds to be raised in Europe in the last decade”.
Source: Pophouse Entertainment, the firm behind ABBA Voyage, closes $1.3bn music rights buying fund





A federal judge on Wednesday rejected OpenAI’s request to toss out a copyright lawsuit from The New York Times that alleges that the tech company exploited the newspaper’s content without permission or payment. In an order allowing the lawsuit to go forward, Judge Sidney Stein, of the Southern District of New York, narrowed the scope of the lawsuit but allowed the case’s main copyright infringement claims to go forward.
As reported earlier today (March 26), a federal judge in California shot down a request from UMG and the other music publishers (including Concord and ABCKO) to block the AI company from using song lyrics to train its AI models. Importantly, the court did, however, issue two separate but related discovery orders on March 25 – granting Universal and the other publisher plaintiffs significant investigative tools to potentially improve their legal arguments.
