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.
Alibaba Annual Profits Lower, Rocked by Investment Losses, Slowing China Economy
variety.comPatrick Frater Asia Bureau ChiefChina’s e-commerce and media giant Alibaba recorded lower profits in the 12 months to March 2022, following a year of turmoil for tech companies, a weakening Chinese economy, a COVID revival and Russia’s war in Ukraine..Group revenues increased by 19% in the year to March, reaching $135 billion (RMB853 billion).
In the fourth quarter, revenues grew 9% to $32.2 billion (RMB204 billion).Net profits bore the brunt of the difficult conditions and the market value of some of its investments in other companies reduced by some $7 billion.
Annual net income was stated as $7.43 billion (RMB47.1 billion), a two-thirds drop. The group’s preferred Non-GAAP profit analysis (which excludes such investment valuations) came in instead at $21.5 billion (RMB136 billion), down by a less alarming 21%.
Alibaba has minority stakes in media businesses ranging from cinema chains to film sales and production companies. It has majority control of the Taopiaopiao movie ticketing platform, the Youku video streaming business, the South China Morning Post newspaper and the separately-listed Alibaba Pictures film production and distribution unit.The group said that in the March quarter, Youku’s daily average paying subscriber base increased 14% year-over-year “primarily driven by quality content and continued contribution from our 88VIP membership program.” Youku continued to improve operational efficiency “through disciplined investment in content and production capability, which resulted in narrowing of losses year-over-year during the quarter.” But ti did not disclose subscriber numbers.Revenue from the wider ‘Digital Media and Entertainment’ segment in the quarter ended March 2022, was RMB8.00 billion ($1.26.
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