TONO distributes 18.9 million euros to rights holders in Norway and abroad in this year’s second quarterly settlement. Out of the total settlement amount, EUR 5,66 million is distributed to TONO members, and EUR 12,81 million is distributed to composers, lyricists, songwriters, and music publishers abroad. The payout date to TONO members is June 9, while the payout to TONO’s sister societies will be on June 23.
The Norwegian collective management organisation TONO achieved record revenues of NOK 864.6 million in 2022, equivalent to approximately EUR 81.95 million. “We are especially pleased to see that concert revenues are back after two difficult pandemic years, and at their highest ever,” said Karl Vestli, CEO of TONO.
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.
TONOs collections for 2021 increased by 18.9 percent compared to 2020 and ended at all-time high for the company at EUR 88.8 million. Administration costs totalled 10.6 percent of revenue.
Cato Strøm will be retiring on 1 July 2022 after 33 years as CEO of TONO.