Establishing a new distribution model is the top priority for TONO’s newly elected board of directors. The goal is to adopt general principles for distribution at an extraordinary general meeting already scheduled for autumn 2024.
Nearly 30,000 TONO members are on the receiving end of the largest June distribution in history. At 256.4 million kroner, this year’s summer payout is over 36 million more than last year’s.
(Oslo, 28 May 2024) TONO received revenues totalling NOK 997.9 million in 2023. For the first time, streaming was the largest source of revenue for the collective rights management society, and the Norwegian music industry can celebrate the fact that TONO’s repertoire was exported as never before in 2023.
TONO is now modernizing the concert tariff to better reflect the reality of the concert market, where ticket sales often only represent a portion of the total concert revenues. At the same time, TONO is eager for organizers to have ample time to adjust to the changes, and therefore, the model will be fully implemented from 2027.
TONO’s distribution model is being modernized to meet the requirements of the new Collective Management Act, as well as other demands and expectations from the external environment that TONO is obliged to address.
This year’s first distribution from TONO amounts to 118 million Norwegian kroner, roughly equivalent to EUR 10,2 million. A total of 53,3 million kroner, 4,6~£ million Euro, is allocated to rightsholders across the globe.
TONO, Norway’s music rights organization, is now establishing a presence in Los Angeles on a trial basis to act as a resource for Norwegian songwriters, composers, and lyricists living and working in the United States. TONO also aims to simplify the process for Norwegian music creators to venture into the U.S. market and to strengthen Norwegian music exports.
TONO is currently distributing 190.1 million Norwegian kroner (equivalent to EUR 16 million) in December to songwriters, composers, lyricists, and music publishers within Norway, as well as to partner organizations in other countries, in the final of this year’s four major distributions. The payout is almost 50 million kroner (EUR 4.3 million) higher than the previous record high December payout a year ago.
Today, TONO distributes 240.2 million Norwegian kroner to composers, lyricists, and music publishers in Norway and abroad. Of this amount, 134.9 million Norwegian kroner is allocated to TONO’s members, including 72.2 million Norwegian kroner for concerts in Norway. – This is one of the largest disbursements in a quarter by TONO, and it is particularly pleasing to see such strong activity in the concert sector, says CEO Karl Vestli. The payout of distributions to sister societies of TONO in other countries will be made on October 18th.
TONO aims to be a driving force in the development of international copyright legislation and global cooperation in the field of rights management. TONO is therefore strengthening its international engagement by appointing Inger Elise Mey to the newly created position of Director of International Affairs.