AMC CEO sends Taylor Swift 'eternal gratitude' as Eras Tour concert film makes history

By James Rogers

'AMC sends our congratulations and eternal gratitude to Taylor Swift for being so remarkable,' said AMC CEO Adam Aron

AMC Entertainment Holdings Inc. CEO Adam Aron has expressed the movie-theater chain's "eternal gratitude" to Taylor Swift as the singer-songwriter's concert film breaks another record.

Variety reported Sunday that "Taylor Swift: The Eras Tour" has earned more than $261.6 million globally, making it the highest-grossing concert and documentary film in history, surpassing "Michael Jackson's This Is It."

"Now at $261.6 million globally, AMC's first ever released film, TAYLOR SWIFT | THE ERAS TOUR just became the highest grossing concert film & highest grossing documentary film of all time," Aron tweeted Sunday. "AMC sends our congratulations and eternal gratitude to Taylor Swift for being so remarkable."

Related: AMC still riding a 'Taylor Swift: The Eras Tour' wave

AMC shares (AMC), which recently hit record lows, have edged lower this week. The movie-theater chain and original meme-stock darling's stock is down 85% in the past 52 weeks, compared with the S&P 500's SPX gain of 20.9%.

In addition to showing "Taylor Swift: The Eras Tour" in its theaters, AMC is also the theatrical distributor for the movie. AMC Theatres Distribution, along with subdistribution partners Variance Films, Trafalgar Releasing, Cinepolis and Cineplex Inc. (CPXGF) (CA:CGX), clinched deals with movie-theater operators representing more than 8,500 venues globally to show the film, according to AMC.

"Taylor Swift: The Eras Tour" was breaking records even before its scheduled release on Oct. 13, prompting more showings to be added. On Oct. 11, Swift tweeted that early access showings would be held on Oct. 12, citing "unprecedented demand" for the movie.

Related: AMC shares rise as 'Taylor Swift: The Eras Tour' sets another record

The movie shattered the record for the biggest global opening weekend for a concert film, racking up $128 million in box-office returns, according to Comscore. Imax Corp. (IMAX) announced that "Taylor Swift: The Eras Tour" had a $13 million global box-office debut, making it the largest Imax opening of a concert or a documentary film by a musical artist.

-James Rogers

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01-10-24 0755ET

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