Pálmi Stefánsson founded Tónaútgáfan in 1967 and ran it until 1985. During this time he released a number of legendary albums, including Björgvin Halldórsson's first album, Þó líði ár og öld, Lifun med Trúbrot, Í sól og summeryl with Ingimars Eydal's Hljómsveit, as well as albums with Pólo and Bjarka, Pólo and Erla, Ævintýri, Flowers, Geirmund Valtýsson, Óðinn Valdimarsson, Örvar Kristjánsson and others.

On Friday, February 2nd, Haukur Pálmason, son and Stefán Elí Hauksson grandson, and a selected group of musicians will honor the memory of Pálmi Stefánsson and Tónaútgáfan at Græni Hatturinn with a splendid concert, where Tónaútáfan career will be reviewed in speech and music.