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 Group’s stock dived 24% today, after it revealed its revenue growth from subscription and streaming services fell below expectations.
The plunge represents $16 billion in market value for the group, which is home to such big names as Taylor Swift, Drake, Adele, and Billie Eilish.
The decline is attributed to so-so results for its streaming and subscription businesses. The company’s second quarter subscription revenue slowed to 6.9% growth year-over- year, excluding foreign exchange (FX).
That’s down from 12.5% in the first quarter. Streaming revenue decreased 3.9% ex-FX in the second quarter, a significant reversal from the 10.3% growth it recorded in Q1.
Read more on deadline.com
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