Taylor Swift fans who are also cryptocurrency enthusiasts have a reason to celebrate. Tickets for the much-anticipated film, “Taylor Swift: The Eras Tour,” can now be purchased using popular cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and Shiba Inu (SHIB). The film, which chronicles Swift’s groundbreaking worldwide concert tour, is set to premiere globally today.
Before its official release, the movie has already garnered an impressive $100 million in presales. The concert tour, on which the film is based, is expected to contribute over $5 billion to North America’s economy.
This innovative crypto payment option is made possible through a collaboration between AMC, a leading theater chain, and BitPay, a crypto payment service provider. To buy tickets using cryptocurrencies, patrons can visit AMC’s website or mobile app and choose BitPay as their preferred payment method. Alongside the aforementioned cryptocurrencies, moviegoers can also use Bitcoin Cash, Litecoin, and XRP for their ticket purchases.
In a groundbreaking move, AMC bypassed traditional Hollywood studios and negotiated directly with Taylor Swift for the film’s distribution rights. This unique arrangement ensures that Swift will receive an unprecedented 57% of the movie’s ticket sale revenue.
The release of “Taylor Swift: The Eras Tour” is expected to rejuvenate the movie industry, which has faced challenges in attracting audiences, especially after the success of films like “Barbie” and “Oppenheimer” earlier this year.
The film’s unique distribution model, combined with the option of crypto payments, presents an intriguing scenario. Given the volatile nature of the crypto market, Swift’s earnings from the film could fluctuate based on cryptocurrency values.
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