In the third quarter of 2023, tours by major artists and blockbusters will boost the US economy by $8.5 billion. So report Bloomberg economists Anna Wong and Eliza Winger.
The nearly 50 concerts that Beyoncé and Taylor Swift have scheduled on their Renaissance and Eras tours will add about $5.4 billion to America’s GDP. Economists predict that the rental of Greta Gerwig’s Barbies and Christopher Nolan’s Oppenheimer will bring about $3.1 billion to the US economy through ticket sales both in the US and abroad, as well as popcorn and other goodies. .
Between July and September 2023, Beyoncé and Taylor Swift and the new movies will increase the country’s GDP by 1.2 percentage points. However, according to Wong and Winger, this increase may be temporary. In the last three months of 2023, neither Beyoncé nor Swift are scheduled to take the stage. And economists describe “Barbie” and “Oppenheimer” as a cultural event that doesn’t happen that often.
Recently, “Barbie” lost its lead at the US box office for the first time. She starred in the movie “Blue Beetle.” We talk about it in more detail here.
