Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The boon for movie theater chains may continue in December, when “Renaissance: A Film by Beyonce” is set for release. Shares of AMC reached a record high of $339 in June 2021 and fell to $7.05 on September 11. The company said in a news release that ticket sales for the Eras Tour film were “setting domestic presale records.”įor AMC, the rebound has come after sharp declines over two years. Shares of Cinemark Holdings ( CNK), a theater chain company with about 500 locations, gained over 5% on Friday. Of those theaters, 4,000 will be in the United States.ĪMC isn’t the only company reaping the rewards from Swift’s massive fanbase. “Taylor Swift: The Eras Tour” also broke an AMC record for advance first-day ticket sales at $26 million.ĪMC Theaters Distribution, along with sub-distribution partners Variance Films, Trafalgar Releasing, Cinepolis and Cineplex, have reached deals with operators to show the film in over 8,500 theaters across 100 countries. There was little doubt about the success of the three-hour film, as the concert tour is expected to surpass $2 billion in North American ticket sales. “Taylor Swift: The Eras Tour,” already the most profitable concert film in history, opens on Friday, October 13. Swift generated early buzz for the film on August 31, when she announced it to her nearly 275 million followers on Instagram.

The company said in a statement Thursday that audience demand for the film “has been incredible from the moment it was first announced.” AMC noted that US audience demand has been particularly strong among viewers choosing to watch the film in large-screen formats such as IMAX.

Shares of AMC ( AMC) surged 11.5% in Friday afternoon trading after the movie theater chain announced that “Taylor Swift: The Eras Tour” concert film had grossed over $100 million in advance ticket sales. Jeffreys claims that other words for money in African languages have similar origins (Swahili pesa from Hindi pice, Zulu upeni a three-penny piece, from Hindi and Sanskrit pana), and that Zulu mali (money) is from Arabic malah (wealth, money), all resulting from early trading contact.AMC Entertainment is feeling the effects of Taylor Swift’s massive fan following. Jeffreys refers to Portuguese Angola, where the universal currency, a brass rod worth about 3d., was known as ntaku, but decides upon the Hindu taka (a stamped silver coin) as the origin of itiki in the Nguni languages of the east coast (whence it came into South African English usage). Both Xhosa and Zulu use itiki for the coin, described by lexicographers as being borrowed from South African English, but it is possible that itiki was in fact a rendering in the Nguni languages of a Dutch or English word, such as Dutch stukje ‘little bit’, or English ticket (see quotation 1912), or even threepence ( i-tiki-peni becoming u-no-tiki and then itiki, according to some, and recorded by Pettman). Note: Boshoff and Nienaber suggest British English dialect ticky ‘small’ as a possible origin ( Afrikaanse Etimologieë, 1967). The Malay tiga ‘three’ is also unlikely, as by the 19th century, when the coin was introduced, the influence of Malay was no longer strong.

Jeffreys, in ‘Tickey: Origin of the Word’ ( Africana Notes & News, Vol.10), points out that pataca was derived from Arabic bataka dollar, piece of eight (a coin of high value), while the French pataque referred to coins in circulation in Turkey, Egypt, Algeria, and Brazil. Note: Pettman’s theory that the word comes from Portuguese pataca a colonial coin, or French patac ‘small coin’ (via the French Huguenots) is neither phonetically nor semantically likely. Forms: ticcy, tickie Show more Also ticcy, tickie, ticky, tiekie, tikie, tikkie.

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