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 Reports 4.3% Revenue Growth for Third Quarter, Despite Streaming Decline
variety.comJem Aswad Executive Editor, Music UPDATED: Universal Music Group, the world’s largest music company, reported revenue of €2,870 million for the third quarter — an increase of 4.3% year-over-year, or 4.9% in constant currency, although it noted that “excluding a prior-year item affecting comparability,” revenue actually grew 6.3% year-over-year, or 7.0% in constant currency.
Top sellers for the quarter included Taylor Swift, Sabrina Carpenter, Billie Eilish, Chappell Roan and Post Malone. The company also announced that longtime chief financial officer Boyd Muir has been promoted to chief operating officer; the company is currently searching for a new CFO.
According to the report, recorded music subscription revenue grew 7.6% year-over-year, or 8.2% in constant currency while streaming revenue declined 0.8% year-over-year, but grew 0.3% in constant currency.
On Thursday’s earnings call, chief digital officer Michael Nash pointed to a slowdown in advertising growth on streaming services as a primary cause for the decline.
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