Polar Music Prize
In 1989, Anderson made a substantial financial donation to found the Polar Music Prize from money he made when he sold the multi-million dollar record company Polar Records. In this deal nearly all utilisation and license rights, and the registered ABBA trademark, were sold for an unknown sum of money to PolyGram shortly before the ABBA members took him to court over royalty back payments. Previously, Anderson had licenced ABBA and the members' solo releases to various labels worldwide as a way to earn more royalties. In 1998, PolyGram was in turn sold to Seagram and merged into what is now one of the Big Four record labels, the Universal Music Group, the company that today holds the rights to the entire ABBA back catalogue.
Read more about this topic: Stig Anderson
Famous quotes containing the words polar, music and/or prize:
“In time your relatives will come to accept the idea that a career is as important to you as your family. Of course, in time the polar ice cap will melt.”
—Barbara Dale (b. 1940)
“... the majority of colored men do not yet think it worth while that women aspire to higher education.... The three R’s, a little music and a good deal of dancing, a first rate dress-maker and a bottle of magnolia balm, are quite enough generally to render charming any woman possessed of tact and the capacity for worshipping masculinity.”
—Anna Julia Cooper (1859–1964)
“I prize the purity of his character as highly as I do that of hers. As a moral being, whatever it is morally wrong for her to do, it is morally wrong for him to do. The fallacious doctrine of male and female virtues has well nigh ruined all that is morally great and lovely in his character: he has been quite as deep a sufferer by it as woman, though mostly in different respects and by other processes.”
—Angelina Grimké (1805–1879)