Taylor Swift: Eras Tour concert film continues to set the cash registers ringing. The pop star's film has earned more than $200 million at the box office. With a production budget of $15m, it is one of the most profitable films released this year.
While the film opened to $92.8 million, sales dropped a steep 67 per cent in the second week, but The Eras Tour has still proved to be a movie event unlike any other. A week ago, the film beat Martin Scorsese's Killers of The Flower Moon.
The Eras Tour concert film had the widest domestic release for a concert film (opening in more than 3,850 locations) and the highest opening weekend domestically for a concert film, surpassing Miley Cyrus’ “Best of Both Worlds Concert” from 2008.
The cultural phenomena has helped the icon to enter her billionaire era. The 33-year-old’s net worth is now roughly $1.1 billion, the Bloomberg News analysis found. To calculate the figure, which the publication called “conservative,” it estimated the value of her five homes, earnings from music sales, streaming deals, concert tickets and merchandise, as well as the value of her music catalogue.
She earned an estimated $190 million after taxes from the first leg of the Eras tour and another $35 million from the first two weeks of screenings of Taylor Swift: The Eras Tour movie. Altogether more than $500 million of Swift’s fortune is cash earned from music royalties and touring. Another $500 million is based on the rising value of her music catalogue.