Taylor Alison Swift is an American singer-songwriter. She is known for narrative songs about her personal life, which have received widespread media coverage. At age 14, Swift became the youngest artist signed by the Sony/ATV Music publishing house and, at 15, she signed her first record deal.
Her 2006 eponymous debut album was the longest-charting album of the 2000s in the US. Its third single, "Our Song", made her the youngest person to single-handedly write and perform a number-one song on the Billboard Hot Country Songs chart. Swift's second album, Fearless, was released in 2008.
Buoyed by the pop crossover success of the singles "Love Story" and "You Belong with Me", it became the US' best-selling album of 2009 and was certified diamond in the US. The album won four Grammy Awards, and Swift became the youngest Album of the Year winner.
Cinedigm, which has been steadily expanding its streaming portfolio in recent years, is adding 10 new channels, 7,500 titles and entering the ad network business by acquiring Digital Media Rights.Founded by Michael Hong and David Chu, DMR is a distributor, channel and ad network operator and social video curator.
The privately held company is understood to be profitable, with more than $10 million a year in revenue, according to a person familiar with its books.Financial terms were not specified in the announcement of the deal, but a source pegged it in the $20 million to $25 million range.After the transaction, Cinedigm will control more than 30 streaming services, 15 of which are wholly owned.
Their 46,000 hours of programming attracting 40 million monthly viewers. The deal will also position Cinedigm in the ad network business for the first time, with DMR’s network recording more than 100 million impressions a month from connected TVs.DMR’s roster of 10 streaming outlets — seven of which are free and ad-supported — includes AsianCrush, a specialist in Asian entertainment, including premium movies.
Others are Midnight Pulp, RetroCrush, Cinehouse, Cocoro and KMTV.Social video channels curated by DMR include C-Crush, a community centered on Chinese TV and movies; Cinehouse Romance; K-Crush, a community for fans of Korean film and pop culture; and QTTV, which caters to fans of queer cinema.The social expertise of DMR will be leveraged across Cinedigm’s businesses, the company said.
Read more on deadline.com
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