The article explained how big Finnish music artists are abandoning the Finnish copyright society TEOSTO. The problem lies within the taxation and the fact that royalty payments are always personal income if you are an artist. It is not possible to channel the royalty payments into a company.
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| Taxation issues... Image courtesy of stevepb at Pixabay.com |
The newspaper wrote that the Finnish band Sunrise Avenue has been a member of STIM, a collecting society in Sweden, since 2007. The lead singer of the band, Samu Haber, told that the band was offered a significant publishing agreement back in 2007. The publisher did not want to sign the contract with TEOSTO so the band had to choose STIM.
TEOSTO is not pleased with the current situation. “We fear that we lose all the big Finnish artists”, says Teosto CEO Katri Sipilä. According to Sipilä, there are also many Finnish songwriters who are joining STIM.
The issue is mentioned in the current government programme. TEOSTO is hoping that the problem could be fixed.
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SOURCE: Nissinen, Hannes (2016, July 16). Isot suomalaiset yhtyeet jättäneet Teoston – Samu Haber: ”En usko, että Suomessa on yhtään kansainvälisen tason artistia, joka olisi Teoston jäsen”. Helsingin Sanomat. [online] Available at: http://www.hs.fi/kulttuuri/a1468636274215 [Accessed 18 July. 2016].
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