In the year 2012 total royalties collected by Teosto in Finland amounted to EUR 46.3 million, 2.1% more than in 2011.
The online market was one of our strongest growth areas in 2012. Royalties for music use online collected by Teosto and NCB in Finland amounted to
EUR 4.2 million.
Teosto is a non-profit organisation, and accordingly the royalties collected are paid out, minus expenses, directly to the composers, lyricists, arrangers and
music publishers. Teosto is one of the most efficient copyright organisations in Europe. In 2012, our cost percentage was 13.4%.