What's Going On With AMC Entertainment Stock?

What Happened: At the end of last week, AMC announced that "Taylor Swift: The Eras Tour" crossed the $100 million mark in worldwide advance ticket sales as of Oct. 4. The concert film is set to be released later this week. 

AMC also said its sub-distribution partners confirmed that more than 8,500 theaters across 100 countries are interested in showing the film. The theater chain is currently working to reach agreements with additional cinema operators around the world.

See Also: Amazon Is Winning Its Bet On NFL Rights: A Look At The Numbers, Taylor Swift Upside

Over the weekend, CEO Adam Aron suggested demand could continue to shine as "most people book the day before or day of their theatre visit." The AMC CEO also announced that moviegoers will receive a free mini poster of Swift while supplies last, which could help fuel further demand from fans.

AMC is already planning to continue showing theatrical concert experiences. Beyonce's Renaissance World Tour is set to be released on Dec. 1. 

AMC Price Action: AMC shares are up more than 20% over the last week. The stock closed Monday up 5.83% at $9.80 and was up another 0.41% after hours at last check, per Benzinga Pro.

Photo:  from Flickr.

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