Taylor Swift Saves AMC: What's Going On With AMC Entertainment Stock?
Portfolio Pulse from Erica Kollmann
AMC Entertainment Holdings, Inc. (NASDAQ:AMC) shares are trading higher after the company announced record-breaking ticket sales for the 'Taylor Swift - The Eras Tour' concert film. The film generated $26 million in revenue and set a new record for ticket sales for a single title on one day at AMC theaters. AMC is also acting as the theatrical distributor for the concert film and is securing locations and screens with numerous other movie theater operators.
September 01, 2023 | 4:13 pm
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AMC's stock is trading higher due to record-breaking ticket sales for the 'Taylor Swift - The Eras Tour' concert film. The company also plans to increase showtimes and is acting as the theatrical distributor for the film.
The record-breaking ticket sales for the 'Taylor Swift - The Eras Tour' concert film have generated significant revenue for AMC, leading to a rise in the company's stock. Additionally, AMC's role as the theatrical distributor for the film and its plans to increase showtimes indicate potential for further revenue growth.
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