Last year’s royalties music to composers’ ears
Swiss composers and songwriters received a record amount of income from royalties and licensing fees in 2008.
Suisa, the association for administering authors’ rights, said on Saturday that it had generated more than SFr141 million ($130 million) last year, about seven per cent above the 2007 result.
Most of the money – nearly SFr122 million – will go directly to the composers and songwriters.
The income came from royalties for performing rights, a tax imposed on blank CDs, DVDs and digital music players as well as the payment of a longstanding debt by Spain.
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