{"id":77764,"date":"2023-10-28T07:47:07","date_gmt":"2023-10-28T11:47:07","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/amc-shares-rise-as-meme-stock-darling-eyes-another-big-taylor-swift-weekend\/"},"modified":"2023-10-28T07:47:10","modified_gmt":"2023-10-28T11:47:10","slug":"amc-shares-rise-as-meme-stock-darling-eyes-another-big-taylor-swift-weekend","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77764","title":{"rendered":"AMC shares rise as meme-stock darling eyes another big Taylor Swift weekend"},"content":{"rendered":"
\n

For AMC Entertainment Holdings Inc.,\u00a0\u201cTaylor Swift: The Eras Tour\u201d\u00a0is the gift that keeps on giving.<\/p>\n

Taylor Swift\u2019s record-breaking concert film, which opened Oct. 12, is in its third weekend at the box office and\u00a0has already brought in more than $178 million worldwide, according to IMDbPro\u2019s Box Office Mojo.<\/p>\n

\n

\u201cWeekend #3 for Taylor Swift The Eras Tour: Thursday through Sunday,\u201d tweeted AMC CEO Adam Aaron Wednesday. \u201cPlaying at all AMC & Odeon theatres in the U.S. & Europe. The highest grossing concert film of all time. CinemaScore A+, RT 99%\/98%. See the phenomenon that has captivated the world.\u201d<\/p>\n

Related: <\/strong>AMC still riding a \u2018Taylor Swift: The Eras Tour\u2019 wave<\/p>\n

Earlier this week Aaron tweeted that the movie enjoyed a successful second weekend in theaters. \u201cIt\u2019s such a privilege to report that Taylor Swift The Eras Tour won the weekend again!\u201d he wrote on Monday. \u201cThe first ever movie distributed by AMC, it had the biggest box office gross last weekend and this weekend! Grossed $179 million so far. All the credit goes to the extraordinary Taylor Swift!\u201d<\/p>\n

Set against this backdrop AMC
\n AMC,
\n -0.87%<\/bg-quote>
\n shares rose 1.9% Friday and are on pace to snap a two-day losing streak. <\/p>\n

In addition to showing \u201cTaylor Swift: The Eras Tour\u201d in its theaters, AMC\u00a0 is also the theatrical distributor for the movie. AMC Theatres Distribution and subdistribution partners Variance Films, Trafalgar Releasing, Cinepolis and Cineplex Inc. have clinched deals with movie-theater operators representing more than 8,500 theaters globally to show the film, according to AMC.<\/p>\n

EXCLUSIVE: <\/strong>AMC boosted by Taylor Swift and summer blockbusters, cinema foot-traffic data show<\/p>\n

\u201cTaylor Swift: The Eras Tour\u201d remained atop the domestic box office last weekend, ahead of Martin Scorsese\u2019s \u201cKillers of the Flower Moon,\u201d which brought in an estimated $23 million on its debut weekend, according to Comscore data released Sunday. The new Scorsese movie, which stars Leonardo DiCaprio, also enjoyed a strong opening weekend internationally, bringing in an estimated $21 million.<\/p>\n

Shares of movie theater chain and meme stock darling AMC have fallen 73.8% in 2023, compared with S&P 500 index\u2019s
\n SPX
\n gain of 7.2%.<\/p>\n<\/p><\/div>\n<\/div>\n

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

For AMC Entertainment Holdings Inc.,\u00a0\u201cTaylor Swift: The Eras Tour\u201d\u00a0is the gift that keeps on giving. Taylor Swift\u2019s record-breaking concert film, which opened Oct. 12, is in its third weekend at the box office and\u00a0has already brought in more than $178 million worldwide, according to IMDbPro\u2019s Box Office Mojo. \u201cWeekend #3 for Taylor Swift The Eras […]<\/p>\n","protected":false},"author":1,"featured_media":77765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-77764","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nAMC shares rise as meme-stock darling eyes another big Taylor Swift weekend | iFintechWorld<\/title>\n<meta name=\"description\" content=\"For AMC Entertainment Holdings Inc.,\u00a0\u201cTaylor Swift: The Eras Tour\u201d\u00a0is the gift that keeps on giving. 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