Skip to content

Teosto sets up COVID-19 funding for composers, lyricists, arrangers and music publishers


Teosto is setting up new COVID-19 funding to support music professionals in the difficult circumstances resulting from the coronavirus epidemic. The maximum sum of the funding is EUR 1 million, and the application process will begin in October–November.

Teosto’s General Meeting has decided to provide special funding to alleviate the loss of income experienced by Finnish composers, lyricists, arrangers and music publishers due to the COVID-19 pandemic.             

“The COVID-19 crisis has brought on an incredibly difficult situation in the music industry. The worst effects are yet to come as the restrictions on public gatherings will be reflected in the autumn’s copyright royalties. We are now aiming to protect the continuity of artistic work and music publishing in these exceptionally difficult circumstances,” says Risto Salminen, CEO of Teosto.

The funding can be granted to Teosto’s creator and publisher customers. It can also be applied by and granted to professional music authors and publishers to whom Teosto has distributed at least EUR 500 in copyright royalties per year. The accounting will be based on the distributions received by the customer in the period from 2017 to 2019 in the distribution categories of concerts and live music as well as commercial radio and commercial television and their annual average.

The application process for COVID-19 funding will begin in October–November 2020 when the practical arrangements for applications are finished. The maximum amount of funding is EUR 1 million and the sums to be granted will range from EUR 300 to EUR 10,000. The funding will come from the Teosto-administered Teosto Fund, which was established in 2009 to secure the continued promotion of musical arts.

A committee appointed by the Teosto Board of Directors will make the decisions concerning the funding and the payments will be made through the funds of Teosto’s member organisations: the Society of Finnish Composers, the Finnish Music Creators’ Association and the Finnish Music Publishers Association. The recipient of the funding may use the funds as they see fit and no reports on the use of the funds will be required.

The proposal for the funding was prepared by a task force in cooperation with Teosto’s member organisations. The proposal was approved by Teosto’s members at the General Meeting organised on 12 August 2020.

Share on social media
Change cookie settings

A cookie is a small text file that is stored on your computer or other device and records information about your visit to the Website. Teosto uses cookies to improve the usability of its services.

Information collected by cookies is not usually connected with the personal data of an identified person, but some information collected by cookies may be indirectly connected with the personal data of an identified person.

Learn more by reading our Privacy Policy and Cookie Policy

Cookie categories
Strictly necessary cookies

These cookies are strictly necessary to ensure the availability of our website. They do things such as load some of our website’s functions in advance to make the website load faster. Strictly necessary cookies are also used to determine and remember your settings. You can disable strictly necessary cookies in your browser settings, but please note that all of the website’s functions and parts may not work properly after that.
More information about cookies

Analytics cookies

We use analytics cookies to improve the functioning of our website. Analytics cookies collect information about things such as how visitors use our website and how they navigate from one page to another. The information is used in anonymous form.
More information: Privacy Policy and Cookie Policy

Functionality cookies

Functionality cookies allow us to offer various functions, such as playlists and a live chat service, on our website. If you disable functionality cookies, some or all of these functions may not work properly. More information about cookies

Marketing cookies

Marketing cookies help us tailor marketing and offer the users of our website more personalised services in the future. We use marketing cookies to collect information about the user’s behaviour and preferences on our website.
More information about cookies