{"id":72247,"date":"2023-10-13T12:00:26","date_gmt":"2023-10-13T16:00:26","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/amc-stock-extends-winning-streak-to-5-days-boosted-by-taylor-swift-concert-movie\/"},"modified":"2023-10-13T12:00:29","modified_gmt":"2023-10-13T16:00:29","slug":"amc-stock-extends-winning-streak-to-5-days-boosted-by-taylor-swift-concert-movie","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=72247","title":{"rendered":"AMC stock extends winning streak to 5 days, boosted by Taylor Swift concert movie"},"content":{"rendered":"
\n

Shares of AMC Entertainment Holdings Inc. ended Thursday\u2019s session up 5.6%, extending their winning streak to five sessions as Taylor Swift\u2019s eagerly anticipated concert film hits screens.\u00a0<\/p>\n

The winning streak is AMC\u2019s
\n AMC,
\n -11.91%<\/bg-quote>
\n longest since a five-day streak that ended on May 1.<\/p>\n

\n

The movie has been breaking records ahead of its scheduled release Friday, prompting more showings to be added. On Wednesday, Swift tweeted that early-access showings of \u201cTaylor Swift: The Eras Tour\u201d would open Thursday, citing \u201cunprecedented demand\u201d for the movie.<\/p>\n

Related: <\/strong>\u2018Taylor Swift: The Eras Tour\u2019 movie set to break more records, boding well for AMC and Cinemark<\/p>\n

The Hollywood Reporter\u00a0reported\u00a0that the movie version of Swift\u2019s blockbuster concert tour is set for a global opening of $150 million to $200 million, which would be a record for a concert film. The movie had its premiere in Los Angeles on Wednesday.<\/p>\n

Readership data from news publisher technology company Taboola.com Ltd.
\n TBLA,
\n -5.15%<\/bg-quote>
\n also suggests that \u201cTaylor Swift: The Eras Tour\u201d is even more eagerly anticipated than recent summer blockbusters \u201cBarbie\u201d and \u201cOppenheimer.\u201d In the seven days before its premiere, news coverage about the Taylor Swift concert movie was viewed more than 9 million times, according to Taboola, around 30% more page views than \u201cBarbie\u201d and \u201cOppenheimer\u201d had leading up to their premieres.<\/p>\n

In addition to showing \u201cTaylor Swift: The Eras Tour\u201d in its own cinemas, movie-theater chain and meme-stock darling AMC is also the theatrical distributor for the movie. AMC recently announced that the film had shattered the company\u2019s record for single-day advance ticket sales, with $26 million in ticket-sales revenue on Aug. 31.<\/p>\n

Related:<\/strong> Is Taylor Swift milking more money from fans by moving \u2018Eras Tour\u2019 film\u2019s opening date?<\/p>\n

Cinemark Holdings Inc.
\n CNK,
\n -3.15%<\/bg-quote>
\n is also set to get a boost from \u201cTaylor Swift: The Eras Tour\u201d after clinching a deal with AMC to show the movie. The movie-theater chain is also\u00a0offering Private Swiftie Parties, where fans can hire a private auditorium to see it.\u00a0Shares of Cinemark ended Thursday\u2019s session down 2.7%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of AMC Entertainment Holdings Inc. ended Thursday\u2019s session up 5.6%, extending their winning streak to five sessions as Taylor Swift\u2019s eagerly anticipated concert film hits screens.\u00a0 The winning streak is AMC\u2019s AMC, -11.91% longest since a five-day streak that ended on May 1. The movie has been breaking records ahead of its scheduled release […]<\/p>\n","protected":false},"author":1,"featured_media":55348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-72247","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nAMC stock extends winning streak to 5 days, boosted by Taylor Swift concert movie | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of AMC Entertainment Holdings Inc. ended Thursday\u2019s session up 5.6%, extending their winning streak to five sessions as Taylor Swift\u2019s eagerly\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=72247\" \/>\n<meta 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