Polaris Nordic – leading the way to the future of rights administration
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. 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.
Aside from developing a common backend processing, Polaris Nordic will negotiate deals for all three societies – e.g. regarding IT investments and services such as work-databases etc.
“In a world where we are facing increased competition for rights, it is of the utmost importance that we can prove to the rightsholders that we are frugal and capable of joining forces to the benefit of our members and rightsholders”, says Teosto CEO Katri Sipilä.