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 keeping with a press launch issued on Friday (July 4), Per Sundin, Pophouse’s present CEO, will stay within the function till Koravos joins in January 2026, and can “assist a clean and orderly course of” earlier than assuming a brand new function throughout the firm.
The assertion added that Sundin, who Pophouse stated “has performed an important function in shaping the corporate’s strategic course and constructing a robust basis for long-term success,” will transition to a brand new function “outlined round his expertise in and information of the leisure business”.
Pophouse’s incoming CEO, Jessica Koravos, beforehand served as President of Oak View Group Worldwide, the place she led worldwide area improvement initiatives, “navigating a number of high-value infrastructure investments and partnerships throughout international markets”.
Previous to that, Koravos was President of Andrew Lloyd Webber’s The Actually Helpful Group, managing international licensing and manufacturing for titles similar 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 keeping with Pophouse, as a “extremely regarded worldwide enterprise govt with intensive expertise and a confirmed observe document of increasing leisure and stay manufacturing ventures globally, [Koravos] is well-positioned to supervise Pophouse’s subsequent part of development”.
Information of the corporate’s management change arrives 4 months after Pophouse introduced that it had raised over EUR €1.2 billion (USD $1.3 billion) for its debut fund.
The Stockholm-based firm’s Pophouse Fund I raised over €1 billion ($1.1 billion), reaching its exhausting 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 a further €200 million ($216m) by way of devoted co-investment automobiles, “offering buyers the chance to take a position alongside the Fund and take part in choose transactions”.
The corporate stated it had already deployed about 30% of the fund by way of partnerships with artists similar 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 well-liked ABBA Voyage avatar present (operated by a separate UK-based holding firm, Aniara Ltd.), the agency’s funding portfolio contains varied different immersive productions like The Avicii Expertise in Stockholm, Mamma Mia! The Get together, ABBA The Museum, and the soon-to-be-launched KISS avatar present in Las Vegas.
The corporate additionally stated on Friday that it “has an thrilling pipeline of latest collaborations and artistic initiatives within the works”.
The assertion added that underneath Koravos’ management, Pophouse might be centered on “considerably increasing its portfolio and productions the world over, creating groundbreaking content material on the intersection of music, leisure, and know-how”.
Pophouse famous that in her function 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 Reside area 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 Belongings.
“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 document of driving sustained development throughout leisure and stay 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 US aligns completely with our formidable growth targets – for instance Mamma Mia! The Get together and the upcoming KISS avatar present. I’m really thrilled to welcome Jessica to Pophouse.”
Blecher added: “I wish 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 look ahead to persevering with our collaboration.”
“I look ahead to driving the long run growth and success of the enterprise.”
Jessica Koravos
Jessica Koravos, incoming CEO of Pophouse, stated: “I’m really delighted to be becoming a member of Pophouse at this thrilling time.
“Having seen Pophouse’s large development – pushed by their compelling technique, highly effective partnerships with international artists, inspiring Board and wonderful staff. I look ahead to driving the long run growth and success of the enterprise.”Music Enterprise Worldwide
