“Taylor Swift’s Impact: AMC Records Highest Single-Day Ticket Sales in 103 Years”

On August 9, 2023, Taylor Swift captivated the audience with her performance at SoFi Stadium in Inglewood, California. Her immense popularity has not only won over millions of fans but also contributed to the increase of stock prices in both America and Europe.

On Thursday, CTS Eventim AG’s stocks experienced a significant boost following news that the company’s earnings would rise due to impressive ticket sales for Taylor Swift’s The Eras tour. Similarly, AMC Entertainment Holdings Inc. revealed that they had sold over $100 million in advance tickets for the concert’s movie, leading to a 5.7% increase in their shares on Friday.

The Eras Tour concert film of Taylor Swift has received an overwhelming response from the audience, as per AMC. The company witnessed its highest single-day ticket revenue in the span of 24 hours after the film was released and announced.

According to Bloomberg Economics, the fans of Taylor Swift and Beyoncé, famously known as Swifties, are expected to contribute $5.4 billion to the US economy in the third quarter due to their spending on concert tickets, travel expenses, and food. A typical Swiftie usually spends around $1,500 to attend a concert, including expenses for accommodation, transportation, and meals.

On the 13th of October, the Eras Tour concert film will be shown in over 8,500 theaters across 100 countries. This much-awaited theatrical release follows a record-breaking two legs of the tour in the US, which was attended by over 3 million fans. Swift’s worldwide performances are predicted to earn around $1 billion, making it a massive success.

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