PRESS RELEASE: Nordic Stars Form New Constellation
A new constellation of stars has seen the light of day in the Nordic area. The three collecting organisations Koda, TONO and Teosto have formed the “Polaris Nordic” alliance which aims at reducing costs and further enhancing the quality of their business.
The future role of Polaris Nordic is to develop and run a joint back-end system for music reporting and distribution of the revenues collected by the organisations. The first two systems, Polaris REP and Polaris DIS are in the pipeline and are expected to be used by all three organisations by the end of 2013. Koda, TONO and Teosto are among the world’s most efficient and lean collecting societies, and the aim is to further reduce their costs by working together and using the same system.