Jessica Koravos appointed CEO of Pophouse Leisure
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 “help a easy and orderly course of” earlier than assuming a brand new function throughout the firm.
The assertion added that Sundin, who Pophouse stated “has performed a vital function in shaping the corporate’s strategic route and constructing a powerful basis for long-term success,” will transition to a brand new function “outlined round his expertise in and data of the leisure business”.
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 akin 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 report of increasing leisure and stay manufacturing ventures globally, [Koravos] is well-positioned to supervise Pophouse’s subsequent section of progress”.
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 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 traders the chance to speculate 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 akin 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 common 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 stated on Friday that it “has an thrilling pipeline of latest collaborations and inventive initiatives within the works”.
The assertion added that below Koravos’ management, Pophouse might be targeted on “considerably increasing its portfolio and productions the world over, creating groundbreaking content material on the intersection of music, leisure, and expertise”.
Pophouse famous that in her function as President of Oak View Group, Koravos established “a powerful worldwide administration staff” with operational hubs in London, Madrid, and Abu Dhabi.
Koravos was additionally chargeable for overseeing the event and launch of the Co-op Reside 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 report of driving sustained progress throughout leisure and stay 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 actually 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 look ahead to persevering with our collaboration.”
“I look ahead to driving the longer term enlargement and success of the enterprise.”
Jessica Koravos
Jessica Koravos, incoming CEO of Pophouse, stated: “I’m actually delighted to be becoming a member of Pophouse at this thrilling time.
“Having seen Pophouse’s super progress – pushed by their compelling technique, highly effective partnerships with world artists, inspiring Board and glorious staff. I look ahead to driving the longer term enlargement and success of the enterprise.”Music Enterprise Worldwide
