Two years of pandemic have passed financially smoothly for SUISA – new challenges ahead
After two difficult years for SUISA and authors and publishers due to the worldwide COVID-19 pandemic, we continue to face threats and difficult times. A war in Europe is destroying the foundations of peaceful coexistence. Culture, and thus also the creators of music, as a unifying and peace-building element, are called upon.
Despite the event bans imposed by the authorities, SUISA has been able to achieve a respectable result, even in the past two years. The overall decrease in revenue in 2020 and in 2021 only amounted to 10%, compared to the best-ever result in 2019. At the same time, we were able to achieve savings on the cost side, in particular thanks to accelerated process automation. This stabilised the drop in terms of the distributable amount. It is 1% higher than in 2020. High secondary income also allows us to pay an additional 7% distribution on all 2022 settlements again.