The organizations cited the need for bigger scale and international reach amid today’s “increasingly competitive, complex and scale-driven music ecosystem.” Koda, Teosto and Tono said: “[C]ooperation on a Nordic scale is no longer sufficient. The Board of Polaris Hub has accordingly decided to initiate a phased wind down of the venture in an orderly manner around the turn of 2025–2026.”
Source: Nordic collecting societies shutter Polaris licensing hub over changing market demands