Our Danish member Koda published its annual report for 2015 today, which showed a record breaking distribution of royalties for rights holders abroad at 53 million euros. Koda also kept its administrative costs low at 9.1% for 2015. Look up all the numbers here.
Polaris Nordic, the alliance between Koda in Denmark, Teosto in Finland and Tono in Norway, released their 2015 Nordic Digital Music Survey today. The survey spans four Nordic countries (Denmark, Finland, Norway and Sweden). Here are some of the key findings:
On 28 April, Germany passed the Act of Collective Management Organisations (CMOs), which replaces the previous Copyright Administration Act. Our German member GEMA was holding its Annual General Members’ Assembly in Berlin from 25 to 27 April, where the motions subject to ratifications mainly stemmed from the implementation of the CMO Act and its effect on GEMA’s rules and regulations.
PRS published its 2015 figures last week, showing a record growth of 7% in revenues and an 8.4% increase in distributions. All revenue streams grew, but online revenues increased by 12.4%, thanks to market growth and improved licensing.