Transparency - and Annual report 2021
TONO is a cooperative society, owned and controlled by composers, lyricists and music publishers which manages the performance rights for musical works in Norway and collects fees for their public performance. TONO licenses the public performance of copyrighted music on the radio, TV, internet, at concerts and the cinema, etc., upon payment. Each year, it transfers its financial profit from music that has been played in public to the music rights holders.
TONO has more than 37,000 members, and also manages the rights, in Norwegian territory, of millions of creators and music publishers belonging to TONO’s sister companies in countries across the globe.
The EU’s Directive on collective management of copyright and related rights (2014/26/EU) was adopted in 2014 and was incorporated into Norwegian law 1 July 2021. The law requires the production of an annual transparency report. In practice, this requirement will cover TONO’s activities from and including the financial year 2022. TONO has nevertheless elected to produce an annual report for the 2021 financial year that is in close accordance with the requirements for a transparency report.
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 societies, customers, other members of the music industry and other interested parties.