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.”
AMC shares AMC, -2.58%, 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, +0.66% CGX, -0.73%, clinched deals with movie-theater operators representing more than 8,500 venues globally to show the film, according to AMC.
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