Editing Stig Anderson (section)

== Polar Music Prize ==
In 1989, Anderson made a substantial financial endowment to found the [[Polar Music Prize]] from money he made when he sold the multimillion-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 licensed ABBA and the members' solo releases to labels internationally as a means to increase royalties. In 1998, PolyGram was in turn sold to [[Seagram]] and merged into what is now one of the Big Three record labels, the [[Universal Music Group]], the company that holds the rights to the entire ABBA back catalogue.{{citation needed|date = November 2022}}