Shares of CTS Eventim AG surged on Thursday after the German live-events company said earnings would be driven higher by strong advance ticket sales for Swift’s The Eras tour. A few hours later, AMC Entertainment Holdings Inc. said it sold more than $100 million in advance tickets for the movie of the concert, sending the shares up as much as 5.7% on Friday.“Audience demand for Taylor Swift The Eras Tour concert film has been incredible from the moment it was first announced,” according to AMC.
Bloomberg Economics expects fans of Swift — known as Swifties — and fellow superstar musician Beyoncé to have added $5.4 billion to US gross domestic product in the third quarter as they spend on concerts. The typical Swiftie spends $1,500 to attend a performance, including costs for tickets, hotels, flights and food.The Eras Tour concert film will start playing in most of the confirmed 8,500 theaters across 100 countries on Oct. 13.
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Taylor Swift Effect Boosts Stocks on Both Sides of the Atlantic(Bloomberg) -- The seemingly boundless popularity of Taylor Swift is boosting stock prices on both sides of the Atlantic.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysShares of CTS Eventim AG surged on Thursday after the German live-
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Taylor Swift Effect Boosts Stocks on Both Sides of the Atlantic - BNN BloombergThe seemingly boundless popularity of Taylor Swift is boosting stock prices on both sides of the Atlantic.
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