Get All Access for $5/mo

Taylor Swift and Beyoncé Walk the Red Carpet Together at Premiere of 'Eras World Tour' Film Swift's concert film debuted in Los Angeles on Wednesday.

By Emily Rella

Opinions expressed by Entrepreneur contributors are their own.

Beyoncé and Taylor Swift are soon to be in their box-office-dominating eras.

The two surprised audiences and fans around the world when they stepped out on the red carpet together for the Premiere of Swift's "Taylor Swift: The Eras Tour" film in Los Angeles, California.

"She's been a guiding light throughout my career and the fact that she showed up tonight was like an actual fairytale," Swift gushed about Beyoncé in an Instagram post that has since garnered over 5 million likes on the platform.

The women coming together is pivotal, as both are set to release massive concert films in the coming weeks that are expected to smash box office expectations. Presale numbers put Swift's film on its way to becoming the highest-grossing concert film to hit theaters (domestically).

Related: Taylor Swift's Movie Smashes Pre-Sale Ticket Records By 'More Than 10 Times' for 'Eras World Tour' Premiere

In September, "Eras" presale ticket revenue at AMC, Cinemark, and Regal cinemas located in the U.S., Cineplex in Canada, and Cinepolis in Mexico grossed about $65 million.

Earlier this month, Cinemark said in a release that demand for Swift's presale ticket sales was "10 times higher" than presale demand for any other film released in the theater chain's history.

"Eras," which opens Friday, is estimated to make anywhere between $96 million and $145 million on opening weekend.

Beyoncé Knowles-Carter and Taylor Swift attend the "Taylor Swift: The Eras Tour" Concert Movie World Premiere at AMC The Grove 14 (Getty Images)

Beyoncé is releasing her Renaissance World Tour film, "Renaissance: A Film by Beyoncé" on December 1. The film pulled in between $6 million and $7 million during its first day of presale tickets earlier this month, according to Deadline.

No other official presale numbers for "Renaissance" have been released by any major theater chains.

Related: Beyoncé's Silver Request to Fans Causes Major Economic Impact

This is not the two superstars' first foray into film, either — both had standout documentaries on Netflix.

Per Variety, Netflix reportedly paid Beyoncé a cool $20 million for her "Homecoming" documentary, which was an all-access look at the star's Coachella performance in 2018.

Though it's unclear how much the streaming giant paid for Swift's 2018 "Miss Americana" documentary, unconfirmed sources put the price tag around $25 million for the rights to the film.

Per Forbes, the two superstars have a combined estimated net worth of $1.28 billion, with Swift estimated to be worth $740 million and Beyonce, $540 million.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Productivity

6 Habits That Help Successful People Maximize Their Time

There aren't enough hours in the day, but these tips will make them feel slightly more productive.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.