The Nordic management companies TONO, KODA and TEOSTO have decided to collaborate on the development of IT systems. The organizations will work together to meet the increasing demands for efficiency and service from customers and licensees.
/ 27/01/2012 / codexSince 2008, TONO and KODA have collaborated on the development of IT systems. From now on, TEOSTO will also participate in this Nordic development cooperation. The three organizations will, with KTT (KODA-TONO-TEOSTO), expand their cooperation by developing joint backend systems. – TONO believes that the national management companies will play a very important role in the years to come. We have the best knowledge of the local market and can ensure the best management for the rights holders. But we must also offer our services at a competitive cost. The only right choice is to cooperate with other management companies with whom we already share common goals and processes, says Cato Strøm, CEO of TONO.
Nordic collecting societies KODA, TONO and TEOSTO have decided to join forces to develop a common backend for their IT services. The three organizations aim to work together to continue to meet the needs of rights owners while at the same time reducing processing costs. Since 2008 the Danish society KODA and Norway's TONO have been working together to develop shared IT systems. Now Finland's TEOSTO has announced it will join the effort. Together, the three organizations intend to expand and accelerate the plans for developing common backend systems. "We hope to improve our services, and our aim is to continue to be the natural and attractive partner for all music rights holders in Finland. This requires modern and up-to-date IT systems that are capable of meeting the needs of TEOSTO's members and customers," says TEOSTO CEO Katri Sipilä. "Joining the TONO-KODA partnership is a natural step for us to ensure that we can continue to offer the best service possible". The three organizations aim to work together to develop a common system for distribution, member services and other IT systems. They will also look into options for connecting the backend to a works database. "This means getting more bang for the buck," says KODA CEO Anders Lassen. "Working closely together with like-minded sister societies is the logical thing to do in order to save costs and ensuring that we continue to have top-of-the-line systems in a rapidly changing world." The organizations aim to sign a Letter of Intent within a few months and subsequently begin building a common organization to handle its development. "TONO believes the national collecting societies will have a very important role to play in the years to come: We know the local market and can ensure unsurpassed value for rights holders. But we also need to be able to provide this service at a competitive cost. The only right choice is to join forces with other societies with whom we share common goals and processes," says TONO CEO Cato Strøm. For further information, please contact:
Jan Richard KjelstrupDirector of CommunicationsE-mail: jrk@tono.noPhone: +47 99 24 86 87
Nicolaj Hyltén-CavalliusHead of CommunicationsE-mail: nhc@koda.dkPhone: +45 2227 7921
Tomi KorhonenDirector of Communications and Public RelationsE-mail: tomi.korhonen@teosto.fiPhone: +358 50,449 9575