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.
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.