Nordic CMOs Discontinue Polaris Hub Alliance
The Nordic collective management organizations (CMOs) Koda (Denmark), Teosto (Finland) and Tono (Norway) have decided to discontinue their joint venture, Polaris Hub, established in 2019, to licence digital music services. Moving forward, the three CMOs will independently explore other solutions for the licencing of their repertoires to digital music services. “It is crucial for TONO to secure the best possible agreements with music streaming services, and we are already well underway in assessing new partners for licencing our rights to music streaming platforms”, says CEO of TONO, Karl Vestli.