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.
Regal Shuttering High Profile Sherman Oaks, Union Square Theaters Among Dozens Of Closures
deadline.comRegal parent Cineworld is rejecting the leases of three dozen more theaters as part of its ongoing bankruptcy proceeding, including some major locations.
In filings this week, the theater chain requested, and was granted by a bankruptcy court judge, the right to walk away from nearly 40 unexpired leases including at Union Square in New York City and Sherman Oaks in LA.
The company is using Chapter 11 to slash costs and return to financial health by “identifying unprofitable, underperforming, or otherwise undesirable theater locations in the United States.” It noted that since Covid hit it’s “taken critical steps … to ease the financial burden caused by underperforming theaters—many of which are subject to off-market lease terms.” In many cases, it reached agreements to defer rent, which it said helped for a bit but have now become untenable. “While such actions have provided breathing room for the Debtors as the cinema industry rebounds from the pandemic, they have not delivered a comprehensive long-term solution.
The Debtors’ U.S. theater portfolio is a significant contributing factor to their current financial challenges,” Cineworld said, noting that deferred rent had ballooned its average monthly rent obligations per theater by almost 30% year-to-date in July 2022 compared to full-year 2019.
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