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Overall, a positive financial year 2018

The SUISA Board and its Committees for Tariffs and Distribution as well as for Organisation and Communication met for their regular spring sessions on 9 and 10 April 2019 at the SUISA head office in Zurich. Report from the Board by Andreas Wegelin

Report from the Board: Overall, a positive financial year 2018

Apart from the Cooperative Society SUISA, there is now also a SUISA group, which includes the subsidiary company SUISA Digital Licensing and the 50% holding in the Joint Venture Mint Digital Services AG. (Photo: Natalie Schlumpf)

The most important topic during the spring meeting are traditionally the resolutions concerning the financial statements of the past year for submission to the General Assembly. SUISA publishes two financial statements in accordance with the Standard Swiss GAAP FER from this year onwards, one for the parent company, the Cooperative Society SUISA, and one consolidated financial statement for the SUISA group. The group comprises the subsidiary company SUISA Digital Licensing with headquarters in Vaduz (FL) and the 50% holding in the company Mint Digital Services AG, Zurich, a Joint Venture by SUISA and the American organisation for music rights, SESAC.

The annual financial statements of the group as well as of the parent company show an overall positive picture. Total collections reached a new high of CHF 160.8m. Income from the licensing of the online music business surpassed CHF 10m for the first time and contributed to this result.

Unfortunately, the secondary income was much lower last year. The reason for this is the bad investment year. Securities income only reached CHF 0.6m in 2018. In 2017, this amount still stood at CHF 3m. As a consequence, this difference now lacks in terms of covering expenditure for 2018. Nevertheless, cost coverage deductions taken from the settlements to members should not increase. The Board therefore decided to use more money from the liabilities that became available for the financing of the costs, and has subsequently reduced the supplementary distribution from 7% to 5%.

Preparations for the General Assembly

Additional topics were the preparation of other business for the General Assembly: the analysis of the organisation’s risks, the resulting management report and the approval of the entire annual report for submission to the GA. Lastly, nominations for two retiring Board members had to be decided upon, and documents relating to the investment policy and the compensation of Board members that had become necessary due to the new Articles of Association had to be resolved.

The Board took notice that Executive Committee was making efforts and got involved with the relevant departments to collect remuneration from abroad. In this context, it is important to take into consideration that the laws, tariffs and distribution rules are different at our sister societies and that SUISA cannot be held responsible for that. The Board therefore rejected the claim for a settlement of a member which held the view that it had not received enough remuneration for usages abroad.

Finally, the Board had to say farewell to executive assistant Dora Zeller, who is going to leave SUISA in order to retire. President Xavier Dayer expressed his thanks in the name of the entire Board for the turntable-like function that Dora Zeller had mastered with distinction throughout the last 10 years, and wished her well for the next, ‘third’ phase in her life.

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SUISA General Assembly: Our members’ opinion countsSUISA General Assembly: Our members’ opinion counts SUISA’s General Assembly takes place in the Kongresszentrum Biel (concert hall) on 21 June 2019. For the first time, two financial statements will be presented to the General Assembly; a novelty in SUISA’s history. Furthermore, there are elections on the agenda: The entire Board needs to be newly elected, as does the Distribution and Works Committee; there are also by-elections for the Complaints Committee. Read more
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The SUISA Board and its Committees for Tariffs and Distribution as well as for Organisation and Communication met for their regular spring sessions on 9 and 10 April 2019 at the SUISA head office in Zurich. Report from the Board by Andreas Wegelin

Report from the Board: Overall, a positive financial year 2018

Apart from the Cooperative Society SUISA, there is now also a SUISA group, which includes the subsidiary company SUISA Digital Licensing and the 50% holding in the Joint Venture Mint Digital Services AG. (Photo: Natalie Schlumpf)

The most important topic during the spring meeting are traditionally the resolutions concerning the financial statements of the past year for submission to the General Assembly. SUISA publishes two financial statements in accordance with the Standard Swiss GAAP FER from this year onwards, one for the parent company, the Cooperative Society SUISA, and one...read more

SUISA General Assembly: Our members’ opinion counts

SUISA’s General Assembly takes place in the Kongresszentrum Biel (concert hall) on 21 June 2019. For the first time, two financial statements will be presented to the General Assembly; a novelty in SUISA’s history. Furthermore, there are elections on the agenda: The entire Board needs to be newly elected, as does the Distribution and Works Committee; there are also by-elections for the Complaints Committee. Text by Dora Zeller

SUISA General Assembly 2019: Our members’ opinion counts

Last year, voting members and guests gathered in Berne (see picture). The next General Assembly of SUISA takes place on Friday, 21 June 2019 in the concert hall of the Congress Centre in Biel. (Photo: Manu Leuenberger)

At the SUISA General Assembly 2019, the agenda item annual report includes, apart from the usual financial statements of the Cooperative Society for the year 2018, the consolidated financial statements for the SUISA group and will be presented to voting members for approval for the first time. The consolidated financial statements contain the annual accounts of the organisations which are directly or indirectly controlled by SUISA. They include SUISA Digital Licensing AG, based in Vaduz (FL) as well as the Joint Venture Mint Digital Services AG, where SUISA has 50% in holdings. Both sets of statements were examined by auditing firm BDO and recommended for approval.

Election of the Board

Of the 15 current members of the SUISA Board, 13 are standing for re-election for another term of office. Two previous members are going to leave the Board due to the limitation of the term of office: Marco Zanotta (Vice President) and Bertrand Liechti (President of the Board Committee for Finance and Controlling) have been contributing to SUISA’s developments for 20 years. Prior to their official farewell, they are going to look back on their time in the office and share their memories and some highlights with the audience.

The two nominees for the Board that have been proposed are intended to lower the average age of the Board: Grégoire Liechti, born in 1981, from Geneva, is intended to replace Bertrand Liechti; Sylvie Reinhard, entrepreneur, born in 1980, shall supersede Marco Zanotta. While Grégoire Liechti brings long-term national and international experience in the publishing business to the table, Sylvie Reinhard complements the Board’s skills and knowledge in the digital innovation and culture sector.

Other election business

The Distribution and Works Committee is made up of a maximum of 22 members; 21 are standing for re-election. Grégoire Liechti, member since 2015, stood down from the Committee and is running for a Board position. Regarding the by-elections the nominations committee is going to provide information on the seat that is going to become vacant via the usual publication channels for the GA 2020 and ask the relevant associations of music authors and publishers for a pre-selection.

At the GA 2018, the seat reserved for the second expert remained vacant in the newly created Complaints Committee. The Board is now tabling the motion in the General Assembly to elect Marco Zanotta as an external member into the Complaints Committee. He is neither an associate nor a member of SUISA.

Compensation and investment policy

The Articles of Association which had been revised at the last General Assembly and have been in force since 01 January 2019 provide the General Assembly with new powers. It is responsible for the compensation and other benefits to the President and the Board members and also for the overall investment policy. To this end, the Board is going to present the compensation regulations in force since 2009 and has worked out the general provisions regarding the investment policy and asks for its approval.

Finally, the SUISA GA provides an opportunity once more for members to exchange experience with other members and with guests from politics, culture, associations etc. and to hold conversations with SUISA staff. Use these opportunities for participating in decision-making and exchange and we look forward to a high turnout on Friday, 21 June 2019, in Biel.

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SUISA’s General Assembly takes place in the Kongresszentrum Biel (concert hall) on 21 June 2019. For the first time, two financial statements will be presented to the General Assembly; a novelty in SUISA’s history. Furthermore, there are elections on the agenda: The entire Board needs to be newly elected, as does the Distribution and Works Committee; there are also by-elections for the Complaints Committee. Text by Dora Zeller

SUISA General Assembly 2019: Our members’ opinion counts

Last year, voting members and guests gathered in Berne (see picture). The next General Assembly of SUISA takes place on Friday, 21 June 2019 in the concert hall of the Congress Centre in Biel. (Photo: Manu Leuenberger)

At the SUISA General Assembly 2019, the agenda item annual report includes, apart from the usual financial statements of the Cooperative Society for the year 2018, the consolidated...read more

SUISA General Assembly 2018: Your opinion counts!

SUISA’s ordinary General Assembly takes place on 22 June 2018 in the Bierhübeli in Bern. It will be opened with a music performance by the ad hoc formation Swiss Ländlermix in line with the theme; “Folk music – Switzerland crossways”. Important business items on the agenda are the review of the Articles of Association, the new Complaints Committee and an election of a substitute for the Distribution and Works Committee. Danièle Wüthrich-Meyer, President of Swissperform will attend as guest speaker. Text by Dora Zeller

SUISA General Assembly 2018: Your opinion counts!

Up to 19 June, members who are eligible to vote can register for SUISA’s General Assembly, which is to be held on 22 June 2018 in the Bierhübeli in Bern. (Photo: Manu Leuenberger)

SUISA’s General Assembly 2018 is determined by the review of the Articles of Association. The music business is changing: increased competition levels, new technologies, international networks, tougher regulations. SUISA wants and has to keep up with the developments and create a base for the successful advancement of the cooperative society.

Changes to the Articles of Association are therefore going to be proposed to the General Assembly. By way of the proposed amendments, SUISA’s Articles of Association will be brought in line with the Act on Collective Management Organisations (CMO Act) of Liechtenstein which has been ratified in March 2018, and thus with the European Directive on the Collective Management of Copyright.

Strengthening members’ rights and online business

The EU Directive which has in the meantime been implemented into national law in Liechtenstein, contains provisions which entail a strengthening of members’ rights. Apart from rules on transparency and for supervision of the collective management organisations, a significant point covers the making available of a complaint procedure for members. SUISA intends to create a Complaints Committee with well-versed persons from the music sector and legally adept experts. It will suggest committee members for election.

Apart from the above, it is necessary to adapt the Articles of Association to the EU Directive in order to continue to be able to licence online exploitations at cross-border level in the European Union. SUISA has been licensing music of SUISA members at pan-European level since 2013 in the online sector, partially even far beyond Europe’s borders.

Pursuant to the EU Directive, collective management organisations must meet certain standards in order to be able to carry out cross-border licensing. By way of revising the Articles of Association, the conditions will be met that SUISA can directly negotiate with and collect from online providers such as iTunes or Spotify regarding exploitations outside Switzerland and Liechtenstein, too. The online business is a focus of SUISA’s strategy for the immediate future. For this purpose, Mint Digital Services were founded together with SESAC (USA).

Statutory business

It features on the agenda each year: statutory business. The annual report, management report, financial statements, profit and loss accounts, cash flow statements, the annex to the annual accounts as well as the auditors’ report will be submitted to the General Assembly for approval. After that, the Board’s and the auditors’ activities are ratified, and an election determining the auditors for the current financial year takes place.

As usual, there will be an interim report on the current financial year. Management will report on the financial development in the first semester. Furthermore, those in charge of FONDATION SUISA will provide an overview of the activities of the foundation in 2017 at this year’s General Assembly.

Elections and guests

Natalie Riede will be proposed to the General Assembly for election into the Distribution and Works Committee as a substitute for Guido Röösli who is stepping down. She represents the Electronica sector, runs her own publishing company and has strong roots in the club scene.

There are multiple opportunities at the General Assembly to enter into conversation with many invited guests, e.g. representatives of music user associations, institutions or copyright experts. SUISA was able to secure a guest presentation by Danièle Wüthrich-Meyer. She is the President of Swissperform, the collective management organisation for neighbouring rights in Switzerland and the Principality of Liechtenstein.

How to get there / Catering

We recommend that participants take public transport to get to the Bierhübeli. The bus from Bern train station stops directly outside the event location. There are no parking spaces available. The Park & Ride car park Neufeld is within 10 minutes walking distance from the Bierhübeli. Coffee and Gipfeli will be offered prior to the General Assembly. After the assembly, a buffet lunch will be available.

SUISA Annual Report 2017On 24. May 2018, SUISA’s 2017 annual report has been published. It is available online or can be ordered as a printed version at: www.suisa.ch/annualreport
The turnover in 2017 is very positive. The results of CHF 139.2m from rights management in Switzerland is 2% above the 2016 results. SUISA can thus distribute a record amount to rights owners who are entitled to receive a payment. Continue reading in the media release (PDF)
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SUISA’s ordinary General Assembly takes place on 22 June 2018 in the Bierhübeli in Bern. It will be opened with a music performance by the ad hoc formation Swiss Ländlermix in line with the theme; “Folk music – Switzerland crossways”. Important business items on the agenda are the review of the Articles of Association, the new Complaints Committee and an election of a substitute for the Distribution and Works Committee. Danièle Wüthrich-Meyer, President of Swissperform will attend as guest speaker. Text by Dora Zeller

SUISA General Assembly 2018: Your opinion counts!

Up to 19 June, members who are eligible to vote can register for SUISA’s General Assembly, which is to be held on 22 June 2018 in the Bierhübeli in Bern. (Photo: Manu Leuenberger)

SUISA’s General Assembly 2018 is determined by the review of the Articles of Association. The music...read more

Commentary on SUISA’s annual results for 2016

SUISA can report a very successful financial year 2016. The result reflects an all-time high regarding the income from domestic copyright exploitation. In the Cooperative Society’s history of more than 90 years, this is a record sum in terms of remuneration that is due for distribution. The average cost coverage deduction remains low – about CHF 88 per CHF 100 of the income collected can be paid out to authors and publishers that are entitled to receive such remuneration. Text by Andreas Wegelin

Commentary on SUISA’s annual results for 2016

SUISA is going to pay authors and publishers remuneration totalling CHF 128.9m for financial year 2016. That is the highest ever distributable amount in the Cooperative Society’s history which spans more than 90 years. (Photo: Manu Leuenberger)

The best business yield achieved by SUISA previously, in 2008, has thus been topped by the results of 2016. The income from the usage of copyright in musical works in Switzerland and the Principality of Liechtenstein have never reached such high levels before. As a consequence, more than CHF 128m can be paid out to domestic and international authors and publishers entitled to receive such remuneration. That is the highest amount in our Cooperative Society’s history which spans more than 90 years.

Several reasons contributed to this record result. Broadcast and retransmission rights’ collections, in particular, (Tariff CT S, broadcasters except SRG, CT Y, pay TV, and CT 1 & 2), and the time-shift usage of broadcasts (Tariff CT 12, rental of set-top-boxes) could be increased. The licensing of music performing rights, in particular for concerts (Tariff CT K) and film screenings(Tariff CT E, cinemas) also saw a sustained increase.

Regarding the licences for the distribution of music recordings, the trend continues to move away from physical sound recordings towards online exploitation. Regarding online music exploitation, downloads are increasingly replaced by streaming. Remuneration for private copying, regarding Tariff CT 4, has also grown. The latter can be attributed to the expansion of the storage capacity of devices (smartphones, tablets).

Cost coverage deductions remain low

While the costs for rights management have slightly increased, the proportion of this increase compared to the income remains low. The result is that the applicable cost deductions for settlements to rightsholders entitled to receive a payment are a very reasonable 12.37%. About CHF 88 per CHF 100 will therefore be paid out by SUISA to authors and publishers.

Furthermore, there will be a supplementary distribution on top of all regular settlements, at a level of currently 7%. This consists of monies for which the parties entitled to receive a payment could not be traced. After a period of 5 years, such income will be paid out by SUISA as a supplementary distribution on top of all settlements.

Successful negotiations – still a lot of work to do for SUISA

Such positive annual results are a proof of successful negotiations for tariffs and terms and conditions of use, and of reliable customers and business partners. It also shows that music exploitation is on the rise and SUISA can negotiate and enforce licences for music in relation to new technologies accordingly.

Particularly with regards to internet usage, there is still a lot of work to do. SUISA is increasingly managing online rights for cross-border usage directly. This sector is expected to turn into an important pillar of our work for our members.

Further information:
«SUISA 2016 results: CHF 128.9 million for authors and publishers», Press release, 30 May 2017

SUISA’s annual report 2016 is available as pdf for download. For the third year running, the annual report is published together with the brochure “Where the music is new”. It contains portraits of five SUISA members from different music genres. SUISA focusses on musical diversity. A collective management organisation is putting itself at the service of its members and thus promotes and supports music creatives such as the five personalities portrayed in the brochure. The brochure “Where the music is new” can also be downloaded as a pdf. It is also possible to order printed versions of the brochure and the annual report.
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SUISA can report a very successful financial year 2016. The result reflects an all-time high regarding the income from domestic copyright exploitation. In the Cooperative Society’s history of more than 90 years, this is a record sum in terms of remuneration that is due for distribution. The average cost coverage deduction remains low – about CHF 88 per CHF 100 of the income collected can be paid out to authors and publishers that are entitled to receive such remuneration. Text by Andreas Wegelin

Commentary on SUISA’s annual results for 2016

SUISA is going to pay authors and publishers remuneration totalling CHF 128.9m for financial year 2016. That is the highest ever distributable amount in the Cooperative Society’s history which spans more than 90 years. (Photo: Manu Leuenberger)

The best business yield achieved by SUISA previously, in 2008, has thus been...read more

General Assembly 2016 of the Cooperative Society SUISA in the Paul Klee Centre

217 composers, lyricists and publishers of music have taken part in the SUISA General Assembly on 24 June 2016 in Berne in order to execute their right of co-determination on their cooperative. In addition to the guest speech by SRG Director General Roger de Weck, the foundation award ceremony and the composer in residence allocation of the FONDATION SUISA, the amendment of the Pension Fund Regulations was the central issue.

General Assembly 2016 of the Cooperative Society SUISA in the Paul Klee Centre

In the auditorium of the Paul Klee Centre in Berne, approximately 280 members and guests gathered for SUISA’s General Assembly 2016. (Photo: Manu Leuenberger)

That’s how co-determination works: The ballots had already been counted in the auditorium of the Paul Klee Centre in Berne, when one SUISA member demanded a repetition of the vote. Many people in the auditorium had apparently not been aware whether the yes or no votes were counted in relation to the revised pension regulations. The vote was therefore repeated without further ado.

Members decide on their cooperative

That’s how a cooperative works: SUISA, the Cooperative Society of music authors and publishers belongs to its members. And they decide in the General Assembly whether the annual report for the previous year will be ratified, which auditing company will be in charge of SUISA’s audit, whether the SUISA Board will be granted a formal approval of its actions – or, as in this case, whether the revised version of the Pension Fund Regulations will be approved.

New Pension Fund Regulations from 2017

Members entitled to vote have finally approved the revised version of the regulations. The new Pension Fund Regulations are more modern and have been adapted to reflect today’s legislation. The most important change affects future changes to the regulations. What’s new is that the foundation board, i.e. the SUISA Board will now be responsible for this.

Guest speech and awards by the FONDATION SUISA

In his guest speech, Roger de Weck, Director General of SRG, told SUISA members and guests among other things how important the collaboration between SRG, SUISA and the artists for the promotion of creating music in Switzerland was.

Music promotion in Switzerland is also supported by the work of the FONDATION SUISA, the music promotion foundation by SUISA. Urs Schnell, the Director of the foundation, honoured the winner of this year’s foundation award, Franz “Fränggi” Gehrig in his speech. The award, valued at CHF 25,000, had the category “new, current Swiss traditional folk music” this year. As Fränggi Gehrig could not take part in the General Assembly, the official award ceremony will be held at the “Stubete am See”, the Zurich festival for new Swiss folk music.

FONDATION SUISA also honoured the Basel pop musician James Gruntz. He received the composer in residence allocation from the foundation. It is worth CHF 80,000 and enables the young artist to work undisturbed and financially independent on his music.

The SUISA General Assembly 2017 takes place on Friday, 23 June 2017, 11.00, in the Kaufleuten in Zurich.
Deadline for motions for the General Assembly: Pursuant to item 9.2.4 of the Articles of Association, SUISA members may submit items for negotiation and applications for the ordinary General Assembly until 20 January of the same year in writing. Such demands have to be supported by at least 50 members and submitted in writing, and mention a representative who is entitled to withdraw or amend the motion.
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217 composers, lyricists and publishers of music have taken part in the SUISA General Assembly on 24 June 2016 in Berne in order to execute their right of co-determination on their cooperative. In addition to the guest speech by SRG Director General Roger de Weck, the foundation award ceremony and the composer in residence allocation of the FONDATION SUISA, the amendment of the Pension Fund Regulations was the central issue.

General Assembly 2016 of the Cooperative Society SUISA in the Paul Klee Centre

In the auditorium of the Paul Klee Centre in Berne, approximately 280 members and guests gathered for SUISA’s General Assembly 2016. (Photo: Manu Leuenberger)

That’s how co-determination works: The ballots had already been counted in the auditorium of the Paul Klee Centre in Berne, when one SUISA member demanded a repetition of the vote. Many people in the auditorium had apparently not been...read more

Sustainable growth for members

Cooperative societies excel by their solid economic activities. This is also true for SUISA. The cooperative society for composers, lyricists and publishers of music has slightly increased its income in 2015. SUISA pays out approx. 88% of its income to the rightsholders. That’s a total of CHF 125m. The cooperative society thus makes a substantial contribution to the financial livelihood of its members. Below is an analysis of the annual result. Text by Andreas Wegelin, CEO

Composers and lyricists don’t always perform on a stage. This is why it is even more important for them that they receive their copyright royalties from their cooperative society. (Photo: Dreadek / Shutterstock.com)

SUISA has published its annual results for 2015, and the numbers are good news: The cooperative society for authors and publishers of music could slightly increase its collections in Switzerland and the Principality of Liechtenstein. Thanks to the continued large demand for music in this country, SUISA collected CHF 132.7m in these territories. Together with the income generated by usage of the SUISA repertoire abroad, the net amount for the exploitation of copyright was a total of CHF 142.7m.

Important income for composers, lyricists and publishers

Approx. 88% of the income collected by SUISA is distributed to rights holders. That’s CHF 125m that are being paid out to the creators of music. Such income is especially important for composers, lyricists and publishers. Many authors don’t perform on stage and therefore don’t receive fees or shares in the income generated from merchandise. The remuneration yielded via the collective management of the exploitation of works composed or lyrics written by these authors are a part of their income.

Cooperative societies run their operations sustainably in the interest of their members

In Switzerland and Liechtenstein, SUISA is tasked with this duty as the cooperative society of its members. Cooperative societies are mainly self-help organisations of the members. They do not undertake speculative financial transactions or try to yield the highest possible wins for shareholders. Instead, they work in the interest of their cooperative members. In the case of SUISA, these are the music authors and publishers. As the year end for 2015 shows, SUISA is on the right track: The cooperative society’s income has continuously increased over the last three years. The main drivers of this positive development have been concerts and digital TV in particular.

Concerts are flourishing

The biggest increase during 2015 has been thanks to continuously flourishing concert and festival activities in Switzerland. Approx. CHF 20.3m have been collected by SUISA by means of copyright licence fees from the concert tariffs CT Ka and CT Kb in the last year; in 2014, the respective sum was CHF 18.7m. These two concert tariffs thus make up nearly half of the total income for performing rights. Last year, CHF 46m were collected in total for performing rights (compared to CHF 44.1m in the previous year). A main influence on the increased collections last year were some disputes which could be resolved and therefore led to a retroactive payment of licence fees.

Digital TV continues to grow

The income from broadcasting rights slightly increased from CHF 64m to CHF 64.6m last year. The increase stems from higher income for TV advertising windows on the one hand; On the other hand, the increasing popularity of digital TV has a positive effect for authors and publishers: Both the dissemination of broadcasts via cable as well as the rental of set top boxes and therefore the possibility to enjoy time-shift television led to higher collections in 2015.

Online flop, sound recordings top?

SUISA’s annual results for 2015 in the sectors online and sound recordings, however, do not correspond with current developments at all. The trend in the market clearly shows: More and more music is being used via internet and especially by means of streaming, whereas the public has been buying less and less sound recordings for years. Nevertheless, the SUISA collections for sound recordings have risen slightly last year, while the results for the online sector exhibited a falling trend. Special case Switzerland? No.

In the case of the collections yielded for sound recordings, a major production of one single customer was the reason for the plus compared to the previous year. The drop in online income in 2015 is due to the invoicing procedures. Due to the rapidly increasing data volume that SUISA has to process for streaming exploitation, the distribution procedures for online income had to be re-engineered. As a consequence, some streaming operators’ income from last year could not be invoiced before January 2016. Irrespective of this seasonal time shift in terms of invoicing, it also has to be mentioned in the context of online collections that further efforts are needed to negotiate fair payments for authors and the dissemination of their music on the internet.

“The remuneration collected from the most used gratuitous channel YouTube is too low for authors and has to be given a special mention from a point of negative impact.”

In the course of its second quarter distribution in June 2016, SUISA is going to distribute income from online business to rightsholders. The distributable amount, however, will remain at a low level just like in the previous year. One reason for this are illegal offers and gratuitous services which are financed by advertising. They compete with the legal fee-based offers by e.g. Spotify, Apple Music, Google Play and others.

The remuneration collected from the most used gratuitous channel YouTube is too low for authors and has to be given a special mention from a point of negative impact. The licence fees collected from online providers continue to remain an important subject for SUISA in 2016: Composers, lyricists and publishers of music must receive a fairer payment for the exploitation of their works via downloads and especially streaming.

Keep admin costs low

Another important (ongoing) subject are the costs. SUISA is doing well in that regard: The admin costs were 2.5% lower in 2015 at CHF 27.4m compared to the previous year (CHF 28.1m). SUISA thus confirms the results of a cost analysis that had been carried out on behalf of the Swiss Federal Institute of Intellectual Property (IPI) at the five Swiss collective management organisations. The result of the analysis showed: The Swiss collective management organisations work economically and their costs are adequate.

For SUISA members, this means: You can count on the fact in future that your cooperative society will run sustainable operations in order to provide a substantial contribution to your livelihood.

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Cooperative societies excel by their solid economic activities. This is also true for SUISA. The cooperative society for composers, lyricists and publishers of music has slightly increased its income in 2015. SUISA pays out approx. 88% of its income to the rightsholders. That’s a total of CHF 125m. The cooperative society thus makes a substantial contribution to the financial livelihood of its members. Below is an analysis of the annual result. Text by Andreas Wegelin, CEO

Composers and lyricists don’t always perform on a stage. This is why it is even more important for them that they receive their copyright royalties from their cooperative society. (Photo: Dreadek / Shutterstock.com)

SUISA has published its annual results for 2015, and the numbers are good news: The cooperative society for authors and publishers of music could slightly...read more

SUISA General Assembly 2016: Music meets painting

SUISA’s 2016 General Assembly takes place on Friday morning, 24th June 2016 in the Paul Klee Centre in Berne. With its 4,000 works, the centre holds the most important collection of paintings, water colours and drawings by Paul Klee worldwide. Participants of the General Assembly get free access to the museum after the event. Text by Dora Zeller

Stéphanie Joseph (violin), Anne Gillot (bass clarinet), Jocelyne Rudasigwa (double bass), Ignacio Lamas (guitar) and Jean-Samuel Racine (clarinet) of Boulouris 5 are going to provide the musical overture for SUISA’s General Assembly 2016. (Photo: Mercedes Riedi)

The General Assembly 2016 is opened by Boulouris 5. The ensemble consists of one violin, a guitar, a clarinet, a double bass and a bass clarinet, played by five musicians trained in classical music and jazz. They are looking forward to enchant the attending SUISA members with their music and to take them away to an emotionally charged world of sound for a few minutes.

Statutory business: 2015 review

It is not just the financial statements, profit and loss accounts, auditors’ report and annual report due for approval by the General Assembly. What’s new is that the management report, the cash flow statement as well as the annex to the annual accounts 2015 are now also subject to the members’ votes. This is due to the accounting standards that have come into force this year (Swiss GAAP FER).

Current business year: Outlook

SUISA could, once again, report positive financial results last year. By the time of the General Assembly, the first half of business year 2016 will have passed. An interim report is intended to show how the numbers have been developing in the current year.

Pension fund for SUISA authors and publishers

The Board recommends a revision of the pension regulations to be submitted for approval. The current regulations no longer correspond to all requirements in practice and some wordings need to be defined further. There are no plans to change anything in relation to the benefits for the covered authors and publishers though. The revision is intended to provide contemporary regulations which are adapted to today’s legislation.

Guest speaker: Roger de Weck

Roger de Weck is the Director General of the Swiss Broadcasting Corporation (SRG), the biggest user of works protected by copyright in Switzerland. It acquires the relevant usage rights mainly via collective management organisations. It is thus SUISA’s financially most important customer. Under the mandate of the public service, SRG has the mission to provide the Swiss public with radio and TV programmes ensuring plurality of opinion. What this means in real terms and where its challenges lie will be explained by Roger de Weck in his guest speech.

FONDATION SUISA

The FONDATION is a non-profit foundation and obtains its financial means via an annual allocation of 2.5% of SUISA collections from performing and broadcasting rights in Switzerland and the Principality of Liechtenstein. During the General Assembly, an overview of the activities of SUISA’s foundation for the promotion of music will be given. This includes the announcement on the recipient of the FONDATION SUISA 2016 prize, carrying a value of CHF 25,000.

SUISA members who are entitled to vote may register online for the SUISA General Assembly 2016 at: www.suisa.ch/generalversammlung

We look forward to welcoming you in Berne.

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SUISA’s 2016 General Assembly takes place on Friday morning, 24th June 2016 in the Paul Klee Centre in Berne. With its 4,000 works, the centre holds the most important collection of paintings, water colours and drawings by Paul Klee worldwide. Participants of the General Assembly get free access to the museum after the event. Text by Dora Zeller

Stéphanie Joseph (violin), Anne Gillot (bass clarinet), Jocelyne Rudasigwa (double bass), Ignacio Lamas (guitar) and Jean-Samuel Racine (clarinet) of Boulouris 5 are going to provide the musical overture for SUISA’s General Assembly 2016. (Photo: Mercedes Riedi)

The General Assembly 2016 is opened by Boulouris 5. The ensemble consists of one violin, a guitar, a clarinet, a double bass and a bass clarinet, played by five musicians trained in classical music and jazz. They are looking...read more

Supplementary distribution of 7 percent in 2016

Important topics during the SUISA Board meeting in April included the annual accounts, the annual report and the preparation of the General Assembly, which is going to take place on Friday, 24 June 2016 in Berne. Report from the Board by Dora Zeller

More money was available for authors and publishers due to a new record level reached for domestic collections in business year 2015, and due to another supplementary distribution of 7% on all payouts in 2016 as decided by the SUISA Board. (Photo: Africa Studio / Shutterstock.com)

The SUISA Board focussed on the annual accounts 2015 at its April meeting. For the first time, the accounts will be presented in line with the new accounting standards (Swiss GAAP FER). Apart from the financial statements and the profit and loss accounts, it includes the management report, cash flow statement and the annex to the annual accounts.

The Board members have approved all documents and recommend that the members entitled to vote should accept the annual accounts 2015 during the General Assembly on 24 June 2016 in Berne. Said recommendation also extends to the auditors’ report by BDO and the annual report.

Domestic record collections for a distribution to authors

Domestic collections from the exploitation of copyright reached new record levels at CHF 134.6m (previous year: CHF 130.3m). Together with other income from the online sector and from abroad, the total collections thus increased by nearly 1%. Approximately 88 of every 100 francs collected are allocated to composers, lyricists and publishers whose rights are managed by SUISA.

The Board also decided to run another supplementary distribution. Just like in the previous year, it will amount to 7% on all regular distributions in 2016. Members of SUISA as well as members of SUISA’s sister societies are going to benefit from this additional payout.

General Assembly 2016 and annual report

In line with the preparations for the General Assembly on 24 June 2016 in Berne, the Board has verified and ratified the written annual report. Due to the new layout based on the Swiss standard GAAP FER, the annual report is now going to be about 40 pages long. It is going to be published in the run-up to the General Assembly, just like before, and can be accessed electronically via the SUISA website; hardcopies are available on special request.

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Important topics during the SUISA Board meeting in April included the annual accounts, the annual report and the preparation of the General Assembly, which is going to take place on Friday, 24 June 2016 in Berne. Report from the Board by Dora Zeller

More money was available for authors and publishers due to a new record level reached for domestic collections in business year 2015, and due to another supplementary distribution of 7% on all payouts in 2016 as decided by the SUISA Board. (Photo: Africa Studio / Shutterstock.com)

The SUISA Board focussed on the annual accounts 2015 at its April meeting. For the first time, the accounts will be presented in line with the new accounting standards (Swiss GAAP FER). Apart from the financial statements and the profit and loss accounts, it...read more

Die SUISA ist da, wo neue Musik entsteht

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Analyse der Jahresrechnung 2014 der SUISA: Der Markt zwischen Mythos und Realität

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