Connect with us

CBS News

Can Taylor Swift’s Eras Tour concert film save movie theaters?

Avatar

Published

on


Taylor Swift’s star power has reached the big screen amid her unprecedented “Eras Tour” success, with a movie version of the concert opening in theaters this week across the U.S. and abroad.

“Taylor Swift: The Eras Tour” premiered Thursday, a day ahead of its scheduled release, due to unprecedented demand. Early ticket sales numbers from more than 8,500 theaters globally show it is already on track to become the highest-grossing concert film ever, beating out “Justin Bieber: Never Say Never,” which grossed more than $73 million at the domestic box office. It brought in $29.5 million domestically opening weekend, according to Comscore. 

The Swift movie has already raked in $100 million in advance ticket sales across the world, AMC theatres said.  It also shattered AMC’s U.S. record for the highest ticket-sales revenue in a single day in under 24 hours, AMC said. 

“Clearly we are going to be looking at an astronomical number,” Comscore senior media analyst Paul Dergarabedian told CBS MoneyWatch.

Swift relief for a dying industry

The concert film could help revive the movie-going experience at a crucial time for the industry as the rise of at-home streaming has thrashed ticket sales and called into question the viability of the movie theater format in the digital age.

Swift’s movie could dismantle the pandemic-era notion that at-home streaming would make the movie theater experience obsolete.

“Movie theaters were counted out when the pandemic hit and a lot of people thought streaming would take over and the movie theater experience would disappear,” Dergarabedian said. “The Swift concert film is so welcome by the movie theater industry on so many levels, because it creates a very positive image for them.”

Add popcorn and concession stand, merchandise and friendship bracelet sales to the mix and “it’s shaping up to be blockbuster weekend,” Dergarabedian added.


Swiftie Friendship Bracelets

04:49

The Swift film is also expected to drum up interest in upcoming movie releases that might not otherwise draw a lot of attention or generate buzz. Swift fans who go to theaters for “Eras” will lay eyes on posters for other films and view trailers from their seats just before they start singing in unison to Swift’s greatest hits.

“There is a halo effect on upcoming movies, so it’s also good for studios that have films coming out in weeks and months ahead,” Dergarabedian said. 

Repeat visitors?

Alicia Reese, a vice president and entertainment analyst for Wedbush Securities said she estimates the “Eras” film could gross anywhere from $100 million to $400 million in its opening weekend. 

“There are no comparisons. It’s unprecedented, so it’s really hard to estimate,” she told CBS MoneyWatch. “The reason for that is one, because she has such a massive built-in fan base, and two, because it’s hard to estimate the number of repeat visitors who bought presale tickets for opening weekend who are going to go back the next three to four weekends.”


As WGA strike ends, more actions appear imminent

02:04

Gap to fill as a result of Hollywood strikes

Music and movie industry executives will be keeping a close eye on the film’s performance, and depending on its success, will seek to replicate the format many times over.

A recent writer’s strike, and ongoing actor’s strike have halted production and could lead to a gap in new television and movie releases next summer. 

“Studios and theaters will look to alternative content to do that,” Reese said. 

That could include concert movies or recorded comedy shows, which typically debut on streaming platforms like HBO and Netflix. 

“But why not movie theaters? They are definitely a possibility,” Reese said.



Read the original article

Leave your vote

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

CBS News

Climate groups working to mobilize early voters and track new climate voters in battlefield states

Avatar

Published

on


Across Philadelphia, dozens of silver haired, climate-conscious canvassers are going door to door in the last weeks before Election Day, leaving green slips of paper with guides on how to register to vote this year. 

“It’s the most consequential one that I’ve been a part of,” climate canvasser Daniel Carlson told CBS News. “I’ve been voting for four decades.”

Carlson is part of Third Act, a climate activist group for people over 60. The group is trying to mobilize voters on climate change in an election that’s been dominated by worries about the economy, immigration and abortion access.

dsc04695.jpg
Philadelphia — Environmental Voter Project organizer speaks to first time canvassers, October  2024.

CBS News / Seiji Yamashita


CBS News polling has found climate change is “not a factor” for 32% of voters in the presidential race, but for millions, it’s their top issue, according to the Environmental Voter Project, another non-profit group; EVP works on identifying climate-minded voters and get them to the polls.

In particular, EVP focuses on low-propensity climate voters — those who did not vote in the last presidential election and are concerned about climate change. 

Nathaniel Sinnett, executive director of EVP, said, “In Pennsylvania, we’ve identified 245,000 of these voters,” Sinnett told CBS News, and he’s found equally high numbers in other key battleground states where EVP is active. In 2020, Joe Biden’s margin of victory over Donald Trump in Pennsylvania was 80,555.

EVP says it uses predictive modeling and data analytics to identify millions of climate-focused registered voters, and then it relies on voter files to target its efforts toward environmentalists who are registered to vote but who have not been voting. 

“We really like what we’re seeing in the early voting, nearly 130,000 first-time climate voters have already cast ballots in the 19 states where we work,” says Nathaniel Sinnett, executive director of the Environmental Voter Project, or EVP. Five of the states where EVP is tracking voters are battleground states — the group says it has identified hundreds of thousands of low-propensity climate voters in these battleground states:

  • Arizona: 229,311
  • Georgia: 491,369
  • Nevada: 108,694
  • North Carolina: 266,227
  • Pennsylvania: 245,206

Sinnett acknowledged these models and data don’t guarantee a climate vote is a vote for the Democratic ticket, but early voting and environmental voters have historically leaned liberal. 

EVP tracks the voters it’s identified and whether they’ve cast a ballot, and on a more granular level, the group is tallying the climate-focused voters they’ve found who did not vote in 2020 but cast a 2024 ballot during early voting this fall. Based on early voting returns, according to Sinnett, in some battleground states, climate voters are turning out at higher rates than the general electorate.

EVP has identified nearly 230,000 first-time climate voters in Arizona in 2024, and as of Oct. 25, EVP has seen 5,514 of those individuals cast early ballots. In 2020, Arizona was decided by fewer than 11,000 votes. The group is seeing similar returns in other battleground states and hopes its efforts will help nudge climate-friendly candidates to victory.

“Climate voters are not the largest voting bloc in the country,” said Sinnett. “But this fall, climate voters can have a real impact on the margins, and in an election where all seven swing states are statistically tied, a little movement in the margins will decide everything.”

dsc04684.jpg
Third Act’s Bill McKibben speaks to a crowd of volunteers at Arch Street Meeting House, October 2024.

CBS News / Seiji Yamashita


Third Act is another environmental group working on turning out climate-concerned voters, but its focus is on older Americans. It was founded by Bill McKibben, an environmentalist who has written more than a dozen books on the topic and has organized climate protests all over the world. Although climate politics is often associated with young voters, McKibben thinks his generation has a unique perspective, having seen the civil rights movement and the conservation movement of the ’60s, ’70s and ’80s. 

“In the course of our lifetimes, we’ve seen a lot of change, and much of it for the better. You know, when I was born, Kamala Harris and her husband couldn’t have been married in half the states.”

Like EVP, McKibben and his group have run into some reluctance by many climate-minded Americans to show up to the polls. 

“They care deeply about the climate, but maybe they’re just decided there’s nothing that can be done, or whatever it is. So, we’ve got to reach them and just say this isn’t everything,” McKibben told CBS News. “The purpose of an election is not salvation.”

Environmental salvation is likely on Carlson’s mind, though. The 60-year-old is a pastor by day, and he decided to make the trip from Schenectady, New York to Philadelphia to doorknock for the first time — he says he’s trying to do his part to help boost turnout in a consequential election. 

“The world that my generation will leave to the next generation is definitely compromised and damaged in some really considerable respects, but I want to do all that I can to be of as much help as I can to the generations that are to come.”

Helen Grady, 85, a former Philadelphia school teacher, was also motivated to start canvassing when she heard many college students were considering not voting.

“That really angers me, and it frustrates me when I hear somebody say, there’s no point to voting because both sides are broken,” she told CBS News. “I used to tell my high school students, ‘you don’t vote, you can’t complain.'”



Read the original article

Leave your vote

Continue Reading

CBS News

AI helps organization send poorest households impacted by Helene and Milton $1,000

Avatar

Published

on


AI is helping a philanthropic organization give $1,000 cash payments to Hurricanes Helene and Milton victims in North Carolina and Florida who need it most.

About 1,000 households in areas hit hardest by the hurricanes will start receiving emergency payments from nonprofit GiveDirectly this week. Unlike other forms of assistance, the cash funds are transferred rapidly and doled out with no strings attached. 

GiveDirectly said it started sending payments to households it identified as being both low-income and located in parts of the U.S. that were devastated by the storms. It does so using a Google-developed AI tool to identify particular areas with both high concentrations of poverty and storm damage. 

After identifying hardest-hit, low-income households, the nonprofit then alerts recipients at those addresses that they are eligible for the payments remotely through a smartphone app powered by Propel, an electronic benefits transfers app used to manage SNAP benefits. 

“We use satellite imagery that shows us flooding and roof damage and we overlay that with data on high-poverty areas,” Dustin Palmer, who runs GiveDirectly’s U.S. programs, told CBS MoneyWatch. “We look for intersection of damage and areas that have high poverty as a community.”

The first payments are being disbursed Friday and through the weekend, and will be deposited through the Propel app’s virtual debit card.

The approach is designed to get cash to people who need it the most, as fast as possible.


Dak Prescott’s foundation sends over $1.8 billion in supplies to Florida hurricane victims

00:40

GiveDirectly is raising funds for second round of aid

“$1,000 is a meaningful enough amount to help people get out of the house if they need to, and get supplies,” Palmer said. GiveDirectly is currently raising funds in order to administer another round of aid to hurricane victims. 

He did note the limitations of relying on a smartphone and app to make the payments, but said the benefits trump the drawbacks. 

“We are aware of limitations of that and we’re comfortable with the trade-off of having really high confidence that people are low-income and ready to receive the money right away. We are privileging that speed is of the essence in time of disaster,” Palmer said.  

When the company administers larger, longer lead programs, it also offers in-person enrollment options that don’t require a mobile device, he added. Propel serves roughly 5 million of the 41 million people enrolled in SNAP benefits, or about one in four SNAP recipients.

Case for guaranteed income

West said one-time cash payments can be a huge help to families recovering from a disaster, but the money can make a more profound difference if it’s given for a sustained time.

Research on guaranteed income programs shows recipients spend the money on their needs, said Stacia West, founding director at the University of Pennsylvania’s Center for Guaranteed Income Research. “There is no one who can budget better than a person in poverty,” she said.

In a study tracking spending across 9,000 participants in more than 30 guaranteed income programs in the U.S., the Center for Guaranteed Income Research has found that the majority of the money is spent on retail goods, food and groceries and transportation.

GiveDirectly also plans to launch disaster preparedness programs in the U.S. to allow households to fortify their homes in anticipation of a hurricane, or evacuate, for example. 

“With anticipatory action, we send money before a disaster. Giving people cash payments ahead of time lets people stock up on supplies to fortify their houses or move,” he explained. “It’s about being resilient to climate disasters.”

contributed to this report.



Read the original article

Leave your vote

Continue Reading

CBS News

Costco’s Kirkland Signature smoked salmon recalled over listeria concerns

Avatar

Published

on


Costco’s Kirkland Signature smoked salmon recalled over listeria concerns – CBS News


Watch CBS News



Salmon sold at Costco is the latest product to be recalled over listeria concerns. Acme Smoked Fish Corp., which supplies the fish to Costco, sent a notice to shoppers this week. It urged them to return Kirkland Signature smoked salmon bought between Oct. 9 and 13 for a full refund.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

Copyright © 2024 Breaking MN

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.