Music Publishing

The rate will gradually increase over the next five years.

The partnership provides a myriad of new tools for Insomniac to help develop their roster.

Pophouse Entertainment was founded by ABBA member Björn Ulvaeus and EQT founder Conni Jonsson in 2014.

David Israelite, president and CEO of the National Music Publishers Association, said major streaming services "have proposed the lowest royalty rates in history."

The investor is still likely to foresee a handsome 11% internal rate of return even after the high upfront price tag.

The pact sees Warner acquiring Guetta's worldwide catalog from the last two decades and inking a new deal for future recordings.