Swissperform with slight decline in revenue
Swissperform, the Swiss collecting society for ancillary copyrights, recorded a slight decline in revenue in 2024. Reasons include falling advertising revenue from private radio stations and fewer radio and TV subscriptions.
Swissperform generated tariff revenue of CHF 62.8 million in 2024. This corresponds to a decrease of CHF 300,000 or 4 per thousand compared to the previous year. According to the press release, radio and TV subscriptions decreased during retransmission, there was a delay in sending out invoices to users for performances and private radio stations recorded a fall in advertising income for broadcasts.
At its Delegates' Meeting, the company explained that its costs and therefore also the administrative cost rate increased. As a percentage of revenue, costs amounted to 11.22% net (previous year: 9.86%) and 14.91% gross (including the collection costs of sister companies) (previous year: 13.70%). The main reason for this development is the increase in Swissperform's costs as a result of ongoing restructuring work.
At the end of 2024, 26,134 members and clients belonged to the association. The increase in 2024 amounted to 1,147 rights holders (4.59%). The largest increase in terms of both numbers and share was recorded by phonographic performers (1,050 / 5.28%). Around CHF 6.3 million was invested in the promotion of cultural and social projects via the affiliated foundations.
