Norwaco licenses the use of audiovisual rights on behalf of member organisations and partners, as well as pursuant to representation agreements with foreign organisations. In addition, Norwaco is responsible for ensuring the distribution of the individual share of compensation for lawful private copying.
General policy for distribution
In distributing remuneration and compensation to rights holders, Norwegian and foreign rights holders shall be treated equally, in accordance with the requirements of international conventions on national treatment.
After the deduction of administrative expenses, the remuneration funds shall be disbursed to the member organisations for onward distribution to individual rights holders. Distribution to the member organisations shall be based on statistics, objective criteria and approved allocation keys. The same principles shall apply to payments made to foreign organisations, unless the Board has adopted specific resolutions to the contrary. Payments to other partners shall be made in accordance with the applicable agreement.
In their distributions, the member organisations shall treat members and non-represented rights holders equally within the rights holder categories they represent.
General policy on deductions
No deductions other than justified and documented administrative costs shall be made before payment to member organisations, partners and foreign organisations.
The Board shall determine the framework for Norwaco’s administrative costs for the coming year.
Payments from Norwaco to the member organisations shall be made within three months after the end of the year in which the rights revenue was collected, unless there are objective reasons preventing this.
Payments from Norwaco to foreign organisations shall be made within nine months after the end of the year in which the rights revenue was collected, unless there are objective reasons preventing this.
General policy for the use of non-distributable amounts
Norwaco cannot use non-distributable amounts. Any remuneration set aside that becomes time-barred shall be paid to the member organisations representing the relevant category of rights holders, in accordance with Norwaco’s general distribution policy. Time-barred remuneration originally allocated to foreign rights holders shall, as a priority, be paid to the member organisations representing foreign rights holders in the relevant rights holder category.
Investment and risk management strategy
Remuneration funds shall be invested with the overarching objective of safeguarding the capital and ensuring a reasonable return. The Board is delegated the authority to adopt a more detailed strategy for investments and risk management.