Transparency - and Annual report 2020
The EU’s Directive on collective management of copyright and related rights (2014/26/EU) was adopted in 2014, and will be incorporated into Norwegian law in 2021. The law will require the production of an annual transparency report. TONO welcomes the directive and the requirement relating to the production of a transparency report. TONO has elected to produce an annual report for the 2020 financial year that includes the information we believe the directive requires.
TONO would like the annual and transparency report to provide a deeper insight into and greater understanding of TONO’s nature, operations, finances and management among our members, sister companies, customers, other members of the music industry and other interested parties.