26.06.10 - SUISA Collects CHF 148mn for Music Authors and Publishers
At its General Meeting, SUISA presented its financial statements for 2009: while revenues for the year (CHF 147.6mn) declined by 3% compared with year before, distributable income still reached CHF 119.5mn, only 1.7% less than in 2008. The satisfactory result was again largely due to performance and broadcasting rights, in particular radio, television and concerts. As expected, revenues from the licensing of sound carriers and private copying fell significantly.
The Board and Executive Committee of SUISA , the Swiss Cooperative Society for Authors and Publishers of Music, presented the Society’s positive results for 2009 in Bern today. Although revenues from the licensing of authors rights declined from CHF 141.3mn to CHF 136.9mn, a decrease of 3% compared with 2008, a record year, distributable income declined only by 1.7%, to CHF 119.5mn (2008: CHF 121.6mn), thanks to lower costs (minus 8% compared with 2008).
