PROPELLER MUSIC DIVISION AS

Operating

Produksjon, innspilling, miksing og digital distribusjon av musikk. Overføring, restaurering, duplisering og lagring av lyd-innspillinger. Utleie av studio, innspillingsrom, øvingsrom, tomme næringslokaler og musikkrelatert utstyr. Kjøp og salg av musikkrelatert utstyr.

Produksjon, innspilling, miksing og digital distribusjon av musikk. Overføring, restaurering, duplisering og lagring av lyd-innspillinger.

Keywords

productionsound recordingstapescdspublishingmarketingdistributionsound recordingstudioradio programscopyrightsmusical compositionspermissionmusicsheet music

Organization

CEO: MS
Michael Scott Hartung1967
Chairman of the board: KC
Kåre Christoffer Vestrheim1969
Years since formation: 17 years; since Jul 13, 2009
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 200; 1 share class
Total number of shareholders: 2; persons

Financials

Total operating income 2025: 2,140,319; NOK
Annual total result 2025: -105,753; NOK
Total equity 2025: 548,660; NOK

Last update: Apr 7, 2026

Management

Management / administration

Name	Role	Shares
MS Michael Scott Hartung 1967	Managing Director/CEO	50 % directly

Board

Name	Role	Shares
KC Kåre Christoffer Vestrheim 1969	Chairman	50 % directly
MS Michael Scott Hartung 1967	Board Member	50 % directly
HA Hans Andreas Horntveth Jahnsen 1983	Board Member	-

Others

Name	Role	Shares
V VIEW GROUP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
KC Kåre Christoffer Vestrheim 1969	Chairman	50 % directly
MS Michael Scott Hartung 1967	Managing Director/CEO, Board Member	50 % directly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
KC Kåre Christoffer Vestrheim 1969	Ordinary shares	100	50 %
MS Michael Scott Hartung 1967	Ordinary shares	100	50 %

Shares owned by the PROPELLER MUSIC DIVISION AS

Name	Share class	Total number of shares	Share
P PROPELLER MASTERING AS Closed	Ordinary shares	34	34 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	2,140,319	2,344,939	2,440,778	2,223,845	2,330,496
Annual Total Result	-105,753	2,301,662	249,855	-58,262	397,194
Total assets	759,719	3,503,027	1,245,273	1,336,624	1,633,703
Total liabilities	211,058	248,614	292,522	233,728	472,544
Total equity	548,660	3,254,413	952,751	1,102,896	1,161,158

P&L

Year	2025	2024	2023	2022	2021
Total operating income	2,140,319	2,344,939	2,440,778	2,223,845	2,330,496
Total operating costs	2,356,629	2,210,070	2,208,905	2,270,690	2,098,430
Operating result	-216,310	134,869	231,873	-46,846	232,066
Financial income/costs	110,558	2,216,267	58,920	-11,417	208,092
Profit before tax	-105,753	2,351,136	290,793	-58,262	440,158
Total tax & extraordinary income/cost	0	49,474	40,938	0	42,964
Annual Total Result	-105,753	2,301,662	249,855	-58,262	397,194

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	231,425	305,188	684,192	711,765	757,760
Total current assets	528,294	3,197,839	561,081	624,858	875,942
Total assets	759,719	3,503,027	1,245,273	1,336,624	1,633,703
Short term debt	173,463	157,750	150,437	42,392	239,621
Long term debt	37,595	90,864	142,085	191,336	232,923
Total liabilities	211,058	248,614	292,522	233,728	472,544
Contributed capital	92,007	207,037	207,037	207,037	207,037
Retained earnings	456,653	3,047,376	745,714	895,859	954,121
Total equity	548,660	3,254,413	952,751	1,102,896	1,161,158
Total equity and liabilities	759,719	3,503,027	1,245,273	1,336,624	1,633,703

Classification

21st company classification

BETA

Small company

PROPELLER MUSIC DIVISION AS994 271 849