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.
Universal Music Posts Strong Q1 Earnings, Powered by ‘Encanto’ and the Weeknd
variety.comJem Aswad Senior Music EditorWhile year-over-year growth in the wake of a global pandemic is an unprecedented metric for the music industry, Universal Music Group posted a robust first quarter for 2022, with revenue up 21.6% (16.5% in constant currency) to €2.199 billion ($2.31 billion).
Many of these boosts are at least partially a result of the gradual reopening of the world’s economy after the lockdown of the pandemic.Music publishing revenue was up 32.5%, recorded-music revenue up 11.3% and merchandising and other revenue up a whopping 69.8% year-over-year in constant currency.The company’s adjusted EBITDA increased 14.0% year-over-year in constant currency.Recorded Music revenues for the first quarter of 2022 were €1,721 million, up 16.0% compared to the fourth quarter of 2021, or 11.3% in constant currency.
Subscription and streaming revenue grew 19.9% year-over-year, or 14.6% in constant currency, with subscription revenue up 18.3% year-over-year, or 13.4% in constant currency, and ad-supported streaming revenue up 25.1% year-over-year, or 18.4% in constant currency.
Physical revenue showed another quarter of strong growth, increasing by 11.3% year-over-year, or 8.7% in constant currency, on improvements in both CD and vinyl sales, led by King & Prince, Fujii Kaze, Ado, Stromae and Taylor Swift.
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