However popular Danish music is, we remain a music importing country. This is reflected in our financial review in the distribution of remunerations in Denmark and abroad. In 2009, KODA sent more than 52 million euros to rights holders outside Denmark, equalling approximately 68 percent of the total distribution.

As seen in the table, KODA paid 52.6 million euros to foreign rights holders in 2009 while receiving only 5.7 million euros. As the figures in the table show, many societies received more than double of the amount they received from KODA in 2008 – this is for instance the case for PRS for Music, who in 2009 received 12 million euros from KODA (2.5 times more than in 2008).

Money flow

The money that KODA pays out to foreign rights holders takes various avenues before reaching its final destination - i.e. the account of the rights holder. For example:

• Royalties mainly flow through KODA’s foreign sister societies that represent the rights holder in question.
• As many multinational music publishers are members of our Swedish sister society, STIM, for the entire Nordic region including Denmark, a very large part of KODA’s distribution to foreign rights holders (19 million euros equalling 37 percent of the total) runs through STIM, which then distributes the royalties to the music publishers in question.
• The collecting societies collaborate on the distribution of income for the cable retransmission of Radio and TV. As a result, KODA sends cable retransmission royalties to other societies, who then distribute the royalties on behalf of KODA.
• Financial reservation from previous years: In 2009 we put extra focus on being able to distribute financial reservations from previous years and we managed to reduce the reservations by 63 percent.
• Finally, KODA collaborates with NCB (Nordic Copyright Bureau) on collection and distribution for online downloads, which means that the royalties in this respect are paid out to rights holders by NCB.