01:42:05 EDT Sat 18 May 2024
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Cineplex Inc
Symbol CGX
Shares Issued 63,376,721
Close 2023-10-16 C$ 8.85
Market Cap C$ 560,883,981
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Globe says Cineplex sees Swift movie break records

2023-10-16 09:42 ET - In the News

The Globe and Mails reports in its Monday, Oct. 16, edition that movie theatres turned into concert venues this weekend as Swifties brought their dance moves and friendship bracelets to multiplexes across the country. An Associated Press dispatch to The Globe reports that the unparalleled enthusiasm helped propel Taylor Swift: The Eras Tour to a massive, first-place debut between $95-million and $97-million in North America, AMC Theatres said Sunday (all figures U.S.). It is easily the biggest opening for a concert film of all time, and, not accounting for inflation, has made more than the $73-million Justin Bieber: Never Say Never earned in 2011. In today's dollars, that would be about $102-million. And if it comes in on the higher end of projections when totals are released Monday, it could be the biggest October opening ever. The one to beat is Joker, which launched to $96.2-million in 2019. A unique experiment in distribution, premium pricing, star power and loose movie theatre etiquette -- more dancing and shouting than a Star Wars premiere -- have made it an undeniable hit. Compiled from Ms. Swift's summer shows at Southern California's SoFi Stadium, the film opened in 3,855 North American locations.

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