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☆ Taylor Swift's Eras Tour might be about to do for Europe what it did for America
▼ + stars: | 2024-05-11 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The European leg of Taylor Swift's record-breaking Eras Tour kicked off on Thursday. The Eras tour is the first concert tour to gross over $1 billion, estimates showed. AdvertisementThe European leg of Taylor Swift's Eras Tour kicked off in Paris on Thursday. Estimates showed that the Eras tour is the first concert tour to gross over $1 billion. Hotel booking statistics also help to capture the sense of how in-demand Eras Tour tickets are.

Persons: Taylor, —, Dara Khosrowshahi, Swift, Beyoncé, AirDNA Organizations: Service, Department, Uber, Federal Reserve, Associated Press, Swift, Liverpool, Ireland, Miss Americana Locations: Paris, Singapore —, —, Australia, Stockholm, Cardiff, Vienna, Austria, Warsaw, Poland, Europe, Ukraine

☆ Meet the typical Swiftie: A white suburban millennial woman who may have spent $1,300 to go to the Eras Tour
▼ + stars: | 2023-11-22 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The typical Swiftie is spending $1,300 to go to the Eras Tour but might make under $50,000. And if there's one thing that Taylor Swift fans were ready to do this year, it was flashing their dollars at the singer. Additionally, while Swift fans skew female, 48% of those Swift fans are male. What's more, even as many Swift fans are spending thousands on the Eras Tour, most are not high-earners. And Briggs noted that TikTok has been a big driver of the culture of the Eras Tour, from friendship bracelets to showing off outfits.

Persons: Taylor Swift, —, Archer, Ellyn Briggs, they're, Jaime Toplin, Swift, Briggs, Toplin, TikTok Organizations: Democratic, Service, Swift, Morning, Washington Post, Federal Reserve Bank of Philadelphia

☆ Taylor Swift gives the US economy another boost as "The Eras Tour" film breaks box-office records on its opening weekend
▼ + stars: | 2023-10-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

"Taylor Swift: The Eras Tour" broke a concert-film box-office record on its opening weekend. The movie pulled in $95 million to $97 million worth of ticket sales, AMC Theatres said. Swift’s tour has given the US economy a big boost in 2023, with even the Federal Reserve noticing its impact. "The Eras Tour" could also break records for the strongest October debut for any film. Its currently neck-and-neck with "Joker", which pulled in $96.2 million worth of ticket sales on its opening weekend back in 2019.

Persons: Taylor Swift, —, Justin Bieber's Organizations: AMC Theatres, Reserve, Service, Federal, Bloomberg Economics, AMC, Hollywood Locations: Philadelphia, Monday's premarket

☆ Taylor Swift, 'Barbenheimer' and Beyoncé all likely fueled a US growth surge last quarter, economist says
▼ + stars: | 2023-10-10 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

He said Taylor Swift, "Barbenheimer", and Beyoncé had all helped drive growth. AdvertisementAdvertisementThe economy likely surged over the third quarter – and you can thank Taylor Swift, Beyoncé, and the "Barbenheimer" craze for that, according to ING. "We can't argue against [the latest payroll numbers] given the strength we will likely see in third-quarter GDP," he said. AdvertisementAdvertisement"We wouldn't be surprised to see a 4% annualized expansion with Taylor Swift, Beyoncé and Barbenheimer helping to give growth a kick higher," Knightley added. Eras and Beyoncé's "Renaissance World Tour" are expected to add a combined $5.4 billion to the US's third-quarter GDP, according to an estimate from Bloomberg Economics.

Persons: James Knightley, Taylor Swift, Beyoncé, —, September's, Knightley, Oppenheimer Organizations: ING, Service, Gross, Product, Federal Reserve, Bloomberg Economics Locations: Philadelphia

☆ Santa Clara's Levi's Stadium generated $2 billion for the local economy in 10 years, thanks to non-NFL events
▼ + stars: | 2023-10-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

A new study shows Levi's Stadium generated $2 billion for the local economy in its first 10 years. More than $300 million was brought in before Levi's Stadium opened and was used to help pay for its construction. Her two concerts at Levi's Stadium in July are estimated to have generated a total of $33.5 million in economic impact for the area. AdvertisementAdvertisementGuido thanked the citizens of the Bay Area in a letter and lauded the economic impact study in a statement. Before the Levi's Stadium analysis, most earlier studies showed the impact of a stadium rarely lives up to the promises of the teams.

Persons: Taylor Swift, —, SportsEconomics, Coldplay, Elton John, Kate Green, Al Guido, QuestionPro, Swifties, Mike Coppola, doesn't, Robert Beck, Goldman Sachs, Guido Organizations: Service, San Francisco 49ers, 49ers, Levi's, NFL, Office Sports, Bank of America, Fortune, Las Vegas Convention, Vistors Authority, Super, MTV, Goldman, Santa Clara Stadium Authority, Minnesota Vikings, Swift Locations: Santa Clara, Glendale , Arizona, Minneapolis

☆ Dating rumors around Taylor Swift and Travis Kelce have gotten so out of hand that even a top White House official was asked about the pair
▼ + stars: | 2023-10-04 | by ( Rebecca Cohen | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

At a White House briefing, reporters asked John Kirby if Taylor Swift and Travis Kelce are dating. A spokesperson for the White House did not comment on the relationship when asked by Insider. AdvertisementAdvertisementNo one is safe from questions about Taylor Swift and Kansas City Chiefs tight end Travis Kelce. And the Taylor Swift economic bump likely isn't going anywhere. It's no wonder, then, that the White House is being questioned on who Taylor Swift is, anyway: She's a major economic powerhouse for the country.

Persons: John Kirby, Taylor Swift, Travis Kelce, Kirby, —, Karine Jean, Pierre, Swift, Jean, Pierre wasn't, Joe Biden, it's, Cork Gaines, QuestionPro, Swifties, Jake, who's, Taylor Organizations: White, Service, Kansas City Chiefs, White House Press, National Security Council, The White, NFL, Chiefs, Chicago Bears, Philadelphia Federal Reserve, Philadelphia Locations: Hollywood

☆ Taylor Swift and Beyoncé prove yet again why they're some of the world's best businesswomen
▼ + stars: | 2023-10-02 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Taylor Swift and Beyoncé are making concert films from their blockbuster Eras and Renaissance tours. In August, Swift announced that an Eras concert film will be released October 13. After much speculation, on Sunday night Beyoncé announced her own concert film: The Renaissance tour's film is set to debut December 1. "Taylor Swift ignited the spark. The Eras film will be released on over 4,000 screens in North America; the Renaissance film likely will have a similar rollout.

Persons: Taylor Swift, —, Queen Bey, Swift, Beyoncé, Paul Dergarabedian, Oprah Winfrey, Tyler Perry, Kim Kardashian, George Clooney, Dergarabedian, Puck's Matthew Belloni, Travis Kelce's, Shawn Robbins, Sam Wrench, — Belloni, they've, Michael Jackson's, Justin Bieber, Robbins, Taylor, It's Organizations: Service, Netflix, AMC, Box, Swifts, Office, Swift Locations: North America

☆ It's Taylor Swift's economy. We're all just living in it.
▼ + stars: | 2023-09-29 | by ( Juliana Kaplan | Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Swift's blockbuster Eras Tour injected billions into the US economy, and so will her movie. A quick recap: The demand for Swift's Eras Tour was so momentous that it literally broke Ticketmaster's website, prompting a Congressional hearing into its dominance of the ticketing industry. Swifties previously told Insider that they were spending upwards of $20,000 to attend the Eras Tour this past summer. Glendale, Arizona — the first stop on the Eras Tour — went as far as renaming itself " Swift City " when the artist came to town. Swift's impact on local economies even led to a shoutout from the Federal Reserve, who said the Eras Tour helped boost hotel revenue in Philadelphia when she came through town.

Persons: Taylor Swift, Swift, —, haven't, Richard Blumenthal, Joe Berchtold, QuestionPro, Swifties, Travis Kelce, Chiefs windbreaker Swift, Kelce, doesn't, Aaron Rodgers Organizations: Federal Reserve, Service, NFL, Democrats, Live, CNN, Philadelphia Federal Reserve, Hollywood, Football, Kansas City Chiefs, Chicago Bears, Chiefs, Kansas City, Front Office, Fox, Kansas City Chiefs Pro Shop, The New York Post, New York Jets, MetLife, NBC Locations: Connecticut, Glendale , Arizona, Philadelphia, American, New Jersey, New York

☆ The university hosting an academic conference on Taylor Swift hopes that 'TayTay' will make an appearance
▼ + stars: | 2023-09-22 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

The University of Melbourne is hosting an academic conference on Taylor Swift in 2024. They're seeking paper submissions on topics like "one single symbolic dollar" or Taylor Swift, #metoo, and the law. "And when you can't sleep at night (you hear my stolen lullabies)" — Taylor Swift, streaming platforms, and intellectual property (Taylor's version). "If I was a man, then I'd be The Man" — Taylor Swift, and gender and sexuality. AdvertisementAdvertisementSwift's Eras Tour is on track to break records to become the highest-grossing concert in the world, according to analytics firm QuestionPro.

Persons: Taylor Swift, Swift, Jennifer Beckett, they've, Beckett, — Taylor Swift, Shakespeare, Charlotte Brontë, Larry Adam, Raymond James, Taylor Swift's Organizations: University of Melbourne, Service, BBC, —, USA, Federal Reserve Locations: Australia, Wall, Silicon, Belgium

☆ Taylor Swift: Australia to host academic conference on singer
▼ + stars: | 2023-09-21 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

Due to be held in Melbourne from February 11 to February 13, 2024, just days before Swift’s “Eras” tour arrives in Australia, the conference is backed by seven universities across Australia and New Zealand. Swift's "Eras" tour has become a cultural phenomenon. Swift’s impact has already proven to be literally Earth-shaking. Fans attending her Seattle “Eras” tour concert at Lumen Field in July caused seismic activity equivalent of a 2.3 magnitude earthquake, according to seismologist Jackie Caplan-Auerbach. Her “Eras” tour could gross a record-breaking $2.2 billion in North American ticket sales alone, according to August survey data from research firm QuestionPro provided to CNN exclusively.

Persons: CNN — Taylor, ”, “, Allen J, Lumen Field, Jackie Caplan, Auerbach, QuestionPro, Swift, William Shakespeare, John Keats, Taylor Swift Organizations: CNN, University of Melbourne, New Zealand, Organizers, Los Angeles Times, North, Ghent University, University of Texas, Austin, Arizona State University, Psychology Locations: Melbourne, Australia, New, Asia, Pacific, Seattle, Belgium

☆ "Barbenheimer" makes waves for July's movie spending, but box office recovery still lags
▼ + stars: | 2023-08-31 | by ( Amina Niasse | ) www.reuters.com time to read: +3 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Aug 31 (Reuters) - "Barbenheimer" - the twin-bill summer box office phenom - sure helped to drive U.S. consumers back to cinemas last month, but movie-going is still struggling to catch up to other recreational spending categories post-pandemic. While that helped long-suffering box office receipts, it made less of a splash for overall consumer spending when compared to larger categories like clothing and household furnishings, economists at Oxford Economics said. It made a big difference in the live-event spending area though, at least for the moment. This summer’s box office has been out of the ordinary with ticket sales for the season up $500 million from last summer’s sales, according to data firm Box Office Mojo. While other categories of live-event spending have fully recovered from the hit delivered by pandemic shutdowns, film attendance outlays remain at roughly 65% of their pre-COVID levels.

Persons: Mike Blake, Oppenheimer, Michael Pearce, Taylor, Amina Niasse, Dan Burns, Andrea Ricci Organizations: REUTERS, Commerce Department, Warner Bros, Oxford Economics, Graphics, Mojo, Sporting, Federal Reserve Bank of Philadelphia, Gillette, Billboard, Thomson Locations: Los Angeles , California, U.S, Massachusetts

☆ Why are Treasury yields so high and what does it mean for you?
▼ + stars: | 2023-08-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

On Thursday, the yield on the US 30-year Treasury bond hit its highest since 2011 and the 10-year note notched its best return since October 2022. Bond yields go up as bond prices fall. What it means: Higher bond yields could mean bad news for stocks: Bonds compete with stocks for investors’ dollars, and when yields go up, equities often go down. If international bond yields rise, the demand for US bonds may decrease, meaning the US may have to offer even higher yields to attract investors. Still, whatever happens abroad, Turnquist said the key to bringing Treasury yields down will be a slower US economy.

Persons: Bond, Stocks, Adam Turnquist, Turnquist, ”, ” Taylor, Taylor Swift, QuestionPro, Swift, Krystal Hur, Bryan Mena, Elton John’s, Larry Miller, New York University Steinhardt Organizations: CNN Business, Bell, New York CNN, Federal, Federal Reserve, Atlanta Fed, LPL, Treasury, EU, Bank of, Electric, Hawaiian Electric Industries, Street Journal, P Global, CNN, North, New York University Locations: New York, Bank of Japan, Hawaii, Maui, Lahaina, Los Angeles, American, North America

New York CNN Business —Taylor Swift’s era-defining “Eras” tour is flying like a jet stream, high above the music scene — by billions of dollars. The tour could gross $2.2 billion in North American ticket sales alone, according to August survey data from research firm QuestionPro provided to CNN exclusively. ‘An economic phenomenon’“Taylor Swift’s ‘Eras’ tour is rewriting the playbook of entertainment economics,” said Chris Leyden, director of growth marketing at SeatGeek. “She’s not just a performer — she’s an economic phenomenon.”The average resale price of an “Eras” ticket was $1,607, SeatGeek told CNN. Swift kicked off the highly-anticipated “Eras” — her first tour since her “Reputation” stadium tour in 2018 — in March.

Persons: New York CNN Business — Taylor, QuestionPro, Swift, Elton John’s, Larry Miller, New York University Steinhardt, “, ”, Miller, concertgoers, Taylor, Chris Leyden, “ She’s, —, SeatGeek, “ Taylor, Terri Shoemaker, Taylor Swift, Hell, Swifties, “ We’ve, Ethan Chernofsky, That’s, it’s, I’ve Organizations: New York CNN Business, North, CNN, New York University, Swift, Arizona Food Bank Network, Retailers, Ticketmaster, Entertainment, Nissan Locations: Los Angeles, American, North America, Arizona, Philadelphia, Nashville , Tennessee, Arlington , Texas

This summer, she and Taylor Swift seemed to prove it. Some estimates suggest that Beyoncé’s world tour could gross even more than that by the time it wraps in October. Taylor Swift and Beyoncé fans have been shelling out on everything from secondhand tickets that cost more than a flight to Europe to fancy fingernails to match the singers’ wardrobe. Beyoncé’s shows are expected to spur $4.5 billion in spending, based on a separate QuestionPro survey. Both the hotel and its neighbors reported surging demand that pushed up room rates and sold out many properties.

Persons: Beyoncé, Taylor Swift, Swift’s, Swift, Haze Organizations: Beijing Locations: Europe, North America, Shade, Manhattan Beach, Calif

☆ From Taylor Swift to the World Cup, travelers are paying big bucks to catch overseas games and shows
▼ + stars: | 2023-07-10 | by ( Monica Pitrelli | Evelyn Chen | ) www.cnbc.com time to read: +6 min

When Taylor Swift's Eras tour rolls into Singapore next year, Rjay Ignacio said he'll be there — whether he has a ticket or not. "If I'm not able to get a ticket, I'm still going to Singapore," he said. He said he would only travel "for Taylor … I'm a big fan." Swifties, or Taylor Swift fans, spend an average of $1,330 on tickets, food and travel, according to the research company QuestionPro. To avoid facing an "astronomical price surge," Jakarta resident Wid said one of his friends booked a hotel in Singapore before Swift's tour tickets even went on sale.

Persons: Taylor, Rjay Ignacio, he'll, Taylor Swift, I'm, Ignacio, Taylor …, Farhan Abrol, Kanyarat Teawprasong, Swift, Armando L, Sanchez, Lionel Richie, Harvey Cohen, Wid, Nan Palmero, I'd Organizations: Deloitte, Wimbledon, CNBC Travel, Austin City Limits Music, Chicago Tribune, Tribune, Service, Swift's, Qatar Airways, FIFA, Accor Locations: Singapore, Asia, Pasig City, Philippines, YOLO, Francisco, Bangkok, Korea, Japan, Taiwan, Hong Kong, Thailand, Southeast Asia, Las Vegas, Chicago's Grant, Bahamas, United States, Navan, Cincinnati, Pittsburgh, Jakarta, Doha

☆ Avid Taylor Swift fans are flashing their dollars to attend the Eras Tour, with some spending up to $20,000 to see her as many times as possible
▼ + stars: | 2023-07-08 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Taylor Swift's Eras Tour has taken the US by storm as Swifties do all that they can to see it. He's been to the Eras Tour eight times and sat in the front row for five of those shows. "I remember sending a text in 2019 to someone saying if there was ever a Taylor Swift best-of tour, money becomes no object," he said. QuestionPro, a research company, found that the Eras Tour could result in $4.6 billion in consumer spending in the US. That means she's putting upwards of $10,000 towards the Eras Tour, and might spend even more at future dates.

Persons: Taylor, Swifties, Jake, he's, Swift, He's, Taylor Swift, I've, Bridget Doyle, Doyle, —, Christy G, Lindsey Lisalda, Louis, Lisalda, Lindsey Lisalda Megan Crowley, jetting, Swift's, Megan Crowley, Clara Cummings, Megan Crowley Swifties, Kat, She's, Moira Rodriguez, Crowley Organizations: Service, Nashville, Roll Hall of Fame, National Underground Railroad Freedom, Swift's Los, Gillette Locations: Wall, Silicon, Massachusetts, New York, Pennsylvania, New Jersey, Nashville , Tennessee, Nashville, Denver, St, Swiftcation, Glendale , Arizona, Chicago, Kansas City , Missouri, Salt Lake City, Phoenix, Swift's Los Angeles, Arizona, Foxborough , Massachusetts, Glendale, Nebraska, Minneapolis —, HAM

☆ Taylor Swift's Eras Tour is set to earn a record-breaking $1 billion in sales—here are the 10 highest-grossing tours
▼ + stars: | 2023-07-04 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Exactly how much Swift's tour has earned is unclear, as it hasn't been reporting nightly grosses to Billboard Boxscore, which tracks concert tour data. Last December, Billboard estimated that Swift's tour would gross $590 million based on 52 tour dates. This suggests that over $1 billion in total gross revenue is likely. With the added dates, another estimate has Swift taking in a total of $1.4 billion in gross revenue, according to concert data tracker Pollstar. Based on the survey's findings, total spending on Taylor Swift's tour in 2023 is expected to be around $5 billion.

Persons: Taylor Swift, Elton John's, Elton John —, Ed Sheeran, Roger Waters, Harry Styles —, Taylor, Warren Buffett Organizations: Wall Street, Billboard, Coldplay, Ticketmaster Locations: America, Asia, Australia, Europe

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