Shares of AMC (AMC) surged 11.5% in Friday afternoon trading after the movie theater chain announced that “Taylor Swift: The Eras Tour” concert film had grossed over $100 million in advance ticket sales.
“Taylor Swift: The Eras Tour,” already the most profitable concert film in history, opens on Friday, October 13.
“Taylor Swift: The Eras Tour” also broke an AMC record for advance first-day ticket sales at $26 million.
AMC Theaters Distribution, along with sub-distribution partners Variance Films, Trafalgar Releasing, Cinepolis and Cineplex, have reached deals with operators to show the film in over 8,500 theaters across 100 countries.
The company said in a news release that ticket sales for the Eras Tour film were “setting domestic presale records.”For AMC, the rebound has come after sharp declines over two years.
Persons:
Taylor, “ Taylor Swift, ”, Swift, AMC’s, Beyonce ”
Organizations:
CNN, AMC Entertainment, AMC, ” AMC, North, Trafalgar, Cinemark Holdings
Locations:
United States