TONO has chosen Spanish Point Technologies as the supplier of new business-critical data systems. “This agreement means that TONO will be able to establish better systems for collective rights management (CRM) to meet the current and future expectations of members, customers and international partners,” says TONO’s CEO, Karl Vestli.
Today, TONO will be distributing this year’s third quarterly settlement to our sister societies abroad. Here is an overview of the areas TONO distribute, and other relevant information about the distribution.
Polaris HUB – a joint venture between the Nordic collective rights management societies Koda (DK), Tono (NO) and Teosto (FIN) – has entered into a licensing agreement with TikTok. The licensing agreement also covers the repertoire of the Icelandic society Stef.
Erik Brataas becomes the new CEO of Polaris Hub. He brings in a lot of experience and knowledge from 25 years of work within the music industry and the field of digital distribution.
Karl Vestli (53) has been appointed as the new CEO of the Norwegian collective management organisation TONO. He will take over from Cato Strøm, who is retiring after 33 years in the position. Vestli is currently Director of Strategy at the Norwegian Directorate of eHealth and has extensive experience from major Norwegian media companies, including Schibsted, Aftenposten and Dagens Næringsliv. He will take up his position on 1 October.
Music copyright revenues constitute one of the largest revenue areas in the Norwegian music industry. TONO had a record turnover of NOK 843.9 million in 2021. Today, TONO releases the annual report for 2021.
Despite the growth in income from abroad and from the internet, Covid-19 hit creators and music publishers hard in 2020, leading to a significant fall in TONO’s revenues in the majority of areas during the year. Revenues totalled NOK 712.4 million in 2020, down 7.61 per cent on 2019.
In 2019, TONO generated sales of NOK 771 million, up 9 per cent from 2018. The cost ratio was 10.5 per cent, the lowest in the company’s history.
The Norwegian Supreme Court held the TV distributor RiksTV liable to pay compensation for music rights pursuant to the Norwegian Copyright Act section 3. TONO also won the case in the city court and in the appeal court, and was awarded MNOK 7.3 in total legal costs. The claim comprises more than 20 TV channels…