Record result for TONO in 2012
– EUR 46.9 million distributed to rights holders in Norway and abroad
(Oslo, 5 July 2013) TONO, the Norwegian performing rights society, recorded the organisation’s best ever result in 2012. Consequently EUR 46.9 million could be distributed to rights holders in Norway and abroad. Streaming services were the greatest growth-driver during the year.
TONO’s total operating revenues for 2012 came in at EUR 56,4 million, an increase of 6 per cent against the previous year’s figure of EUR 53.2 million which was also a 6 per cent increase compared to 2010.
“Revenues for 2012 were significantly up on the previous year. This is particularly pleasing because it shows that both consumers and music services consider music an attractive and valued commodity. It also shows that TONO is able to secure fair remunerations for music creators both in Norway and belonging to sister societies in other countries. At 130 per cent, year-on-year growth in the online sector was particularly exciting,” explains TONO CEO, Cato Strøm.