Taylor Swift’s movie falls short in box-office earnings.
Latest News
6:58 PM UTC – October 16, 2023
LOS ANGELES (Reuters) – Taylor Swift’s concert film has taken the world by storm, raking in a staggering $123.5 million in ticket sales over the weekend, according to AMC Theatres (AMC.N), the film’s distributor.
AMC had initially projected that “Taylor Swift: The Eras Tour” would reach a total of $126 million to $130 million in sales for shows held from Thursday through Sunday.
Out of the global total, approximately $92.8 million came from the United States and Canada, falling slightly short of the $95 million-plus prediction made on Sunday.
“The Eras Tour” now holds the title for the highest-grossing concert film in history, surpassing Justin Bieber’s 2011 film “Never Say Never,” which collected $99 million worldwide over its entire run.
The success of Swift’s movie has provided a much-needed boost to cinemas, which have been struggling with a lackluster autumn lineup due to delays caused by a Hollywood actors’ strike, including the highly anticipated “Dune: Part Two.”
Reporting by Lisa Richwine; Editing by Rod Nickel
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How has Taylor Swift’s concert film impacted the struggling cinema industry
Latest News: Taylor Swift’s Concert Film Breaks Records with $123.5 Million in Ticket Sales
October 16, 2023 – LOS ANGELES (Reuters) - Taylor Swift’s concert film has taken the world by storm, raking in a staggering $123.5 million in ticket sales over the weekend, according to AMC Theatres (AMC.N), the film’s distributor.
AMC had initially projected that “Taylor Swift: The Eras Tour” would reach a total of $126 million to $130 million in sales for shows held from Thursday through Sunday.
Out of the global total, approximately $92.8 million came from the United States and Canada, falling slightly short of the $95 million-plus prediction made on Sunday.
“The Eras Tour” now holds the title for the highest-grossing concert film in history, surpassing Justin Bieber’s 2011 film “Never Say Never,” which collected $99 million worldwide over its entire run.
The success of Swift’s movie has provided a much-needed boost to cinemas, which have been struggling with a lackluster autumn lineup due to delays caused by a Hollywood actors’ strike, including the highly anticipated “Dune: Part Two.”
This remarkable achievement by Taylor Swift showcases the continued popularity and influence of her music, as well as the dedication and loyalty of her fanbase. Swift’s ability to engage with her audience both through live performances and now through a concert film demonstrates her versatility as an artist.
The impact is not only limited to her own brand but extends to the overall industry as well. The boost in ticket sales has breathed new life into cinemas, offering them a glimmer of hope in the face of challenging times. The cinema industry has been struggling due to the ongoing actors’ strike and a lack of compelling films in the current lineup. The success of “Taylor Swift: The Eras Tour” provides a much-needed injection of revenue and enthusiasm to help sustain cinemas through this challenging period.
Taylor Swift’s achievement also serves as an inspiration to other musicians and filmmakers, showcasing the potential of concert films as a lucrative tool to engage with fans and generate significant revenue. This success paves the way for more innovative and immersive concert experiences in the future, creating new avenues for artists to connect with their audience on a global scale.
In conclusion, Taylor Swift’s concert film surpassing previous records highlights the power of her music and the dedication of her fanbase. It brings positive news to the struggling cinema industry, offering hope for a better future. This accomplishment sets a new standard for concert films and inspires artists to explore new avenues of creativity. Taylor Swift’s impact on the entertainment industry continues to grow, making her a force to be reckoned with both on stage and on the big screen.
Reporting by Lisa Richwine; Editing by Rod Nickel
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