💬 Quoted… “[O]ur praise for Taylor Swift and Beyoncé Knowles Carter has no limit, and we offer our boundless thanks to these two world class artists for entrusting AMC to collaborate with them.”

• To the surprise of absolutely no one, it appears that hitching your financial bandwagon to Taylor Swift and Beyoncé is a good business move. AMC Theatres reported earnings this week that beat analysts’ expectations, with a 12% quarterly increase in revenue and a nearly 3x bump in operating profits – “literally all” of which is attributable to AMC’s concert-film distribution deals with Taylor Swift and Beyoncé, CEO Adam Aron said. Swift’s concert film grossed a record $262 million worldwide, while Queen Bey’s grossed $44 million.

💰 Stat of the Day: Over the next two decades, a massive wealth transfer from older generations will make millennials the “richest generation in history,” with an estimated $90 trillion worth of property- and equity-rich assets moving between generations over that period, according to a new report from global real estate consultancy Knight Frank.

🤔 Did You Know?... According to Lady Gaga, it took her just ten minutes apiece to write the hit songs “Born This Way,” “Just Dance,” and “Poker Face.”

📰 Worth a Read: He Got Bored. Built the Red Bull Empire. Then Cracked Formula One, the World’s Fastest Sport → (WSJ)