Taylor Swift is setting records beyond just selling number 1 albums, as her current tour, "The Eras Tour," which began in March 2023, is predicted to become the highest-grossing tour in history, despite already being the highest-grossing tour last year.
According to reports, Swift is projected to rake in an $5.7 billion in earnings, flaunting the immense financial success of her global tour.
To provide context for this substantial profit, the 14-time Grammy winner's net worth stood at approximately $570 million at the beginning of the tour and has now surged to an estimated $1.1 billion, illustrating how the tour has effectively doubled her wealth.
Even though Swift opted out of implementing dynamic pricing for her "The Eras Tour" tickets, it consistently generated major revenue for her and she intends to continue and capitalize on this trend.
The decision not to use dynamic pricing was reportedly deliberate and significantly impacted the tour's success, according to the CEO of concert promoter AEG Presents.
In an interview with Hits Daily Double, Jay Marciano revealed, "One is, she had an opportunity to dynamically price her tickets, and she didn't want to do that to her fans. She specifically said, 'No dynamic pricing.'"
"She was willing to make decisions that potentially cut into her income because she was taking a long-term view of her career."
He added, "That long-term view applied to every decision she made throughout the tour: over-deliver on the show, over-deliver on the production, don't overcharge on the merchandise. Every part of the tour was set up to position her for the next tour and the tour after that."
Fans applaud the "Fortnight" singer's decision, with @huspsa tweeting, "Taylor isn't just one of the greatest singers ever, but time and time again proves that she's one of the greatest business minds of all time too. And does ethical business like above."
@AnshumanSBaghel also said, "That awareness should come in every celebrity if they ever wanna be considered as legends."
"Love her for that ! she genuinely loves her fans and cares for them, some people of her status won't acknowledge their fans unless it's for a cash grab and it's sad," @YSLONIKA wrote.
This comes amid her 36 different versions of her latest album, "The Tortured Poets Department," with many calling Swift "greedy" and "desperate" so she could reportedly "earn more" and stay on top of the charts.
© 2024 MusicTimes.com All rights reserved. Do not reproduce without permission.