For the 2016 financial year, SUISA will distribute CHF 128.9 million to composers, lyricists and publishers of music in Switzerland and abroad. This is the highest distribution settlement ever in the Cooperative's 90-year history. In 2016, SUISA's revenues reached a total of CHF 154.3 million. This is 1.6% more than in the prior year. The good results are mainly due to higher revenues from music usage on private TV and radio broadcasting stations, and to licence fees for private copying and income for online usages. In 2016 for the first time, streaming revenues exceeded revenues from downloading. Last year, SUISA managed to slightly reduce its cost-coverage deduction to 12.37%. This means that 88 of every 100 francs collected by SUISA is passed on to authors and publishers. SUISA's satisfactory 2016 results also evidence its success in negotiating tariffs and usage terms, and the reliability of its customers and partners.
SUISA, the Swiss Cooperative Society for Authors and Publishers of Music, had a very successful year in 2016. Revenues from the administration of authors' rights reached a new record high of CHF 154.3 million. Last year, SUISA collected CHF 136.1 million in revenues in Switzerland and Liechtenstein. This represents an increase of 2.6% over the prior year (CHF 132.7 million).
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