Taylor Swift Effect Boosts Stocks Both Sides of the Atlantic
- Cinema operator AMC and ticketing firm CTS Eventim climb
- Swift concert film spurs record $100 million in advance sales
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The seemingly boundless popularity of Taylor Swift is boosting stock prices on both sides of the Atlantic.
Shares of CTS Eventim AG surged on Thursday after the German live-events company said earnings would be driven higher by strong advance ticket sales for Swift’s The Eras tour. A few hours later, AMC Entertainment Holdings Inc. said it sold more than $100 million in advance tickets for the movie of the concert, sending the shares up as much as 5.7% on Friday.