STIM merges with a subsidiary
Subsidiary CEE becomes part of STIM. The merger will help to meet the market's service requirements in licensing and payments.
CEE Services is a wholly owned subsidiary that manages STIM's back office operations, IT-support and development. STIM is now a unified organization, resulting in higher efficiency and lower costs.
- We aspire to be the world's most modern performing rights society and now concentrate all our skills and knowledge to one company. By combining the best elements from both businesses STIM will now be better equipped for the demands ahead. Our mission is to develop the value of our owners' music as cost effectively as possible. Hence this change, says Sara Kilander STIM’s Chief Operating Officer.