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There is no bad blood here! Taylor Swift’s concert movie is doing big numbers

“Taylor Swift: Tour for the Ages” The film debuted at No. 1 at the box office over the weekend, earning an estimated $95 million to $97 million in domestic ticket sales, according to AMC.Your mother).

Industry estimates came in slightly lower, hovering at just over $93 million, which would still be the second-best domestic weekend for October — behind 2019’s “Joker.”

The concert film earned an additional $31 million to $33 million overseas, as expected by the theater chain, making it the best debut ever for any concert film.

Adding to the records, the film grossed $13 million worldwide for Imax (IMAX), resulting in the largest Imax opening ever for a film by a musical artist – a concert or a documentary.

“It’s a really kind of unconventional approach to going to the movies right now, and it’s something that I think we could see more of moving forward,” Sean Robbins, senior analyst at Box Office Pro, told Yahoo Finance Live on Monday.

Despite the strong showing, AMC and Cinemark (CNK) Shares fell in afternoon trading on Monday, falling about 1.5% and 3%, respectively. Imax shares have traded mostly flat.

Best domestic box office movies of 2023

The film’s release comes at a critical time for theaters The writers’ strike lasted for about five months It caused multiple disruptions to the release schedule. Most notably, Warner Bros. (WBD) The sequel to “Dune”. It has been postponed to March 2024 After originally scheduled for November 2023.

Other studios have also adapted their own shows with Hollywood actors They are still on the picket lines. The union SAG-AFTRA accused the Alliance of Motion Picture and Television Producers (AMPTP) of “bullying tactics” After the collapse of talks between the two sides about viewing rewards and regulations related to artificial intelligence.

“It’s a weekend that the theater owners have been very grateful for following some delays caused by the writers’ and actors’ strike over recent months,” Robbins said. “We’re talking about a roughly $100 million opening weekend here that was basically created out of nothing. And that’s not something that was on the industry’s radar until the end of the summer.”

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