Variety has reported that Beyoncé’s “Renaissance World Tour” concert film may be released directly through AMC Entertainment Holdings Inc. theaters. This follows the success of AMC’s release of Taylor Swift’s concert film, “The Eras Tour,” in October.
According to the report, the Beyoncé project is currently in advanced discussions for a wide-release on December 1. The project, which has been in the works for years, has recently had preliminary talks with major studios and streaming services through Beyoncé’s agency, CAA.
The film is set to incorporate concert footage, segments from Beyoncé’s long-rumored “Renaissance” visual album, and behind-the-scenes footage. While the financial terms are yet to be finalized, it is expected that Beyoncé’s deal will be similar to Swift’s, with her receiving approximately half of the film’s box-office earnings.
Analysts have estimated that Swift’s concert film could earn over $100 million during its opening weekend, suggesting a massive financial success. It is projected that Beyoncé’s “Renaissance World Tour” could generate around $560 million in revenue, while Swift’s Eras Tour may become the first to surpass $1 billion in revenue.
Earlier this year, Beyoncé made history at the Grammy Awards by becoming the most awarded artist, receiving her 32nd award.
Since the announcement of Taylor Swift’s film release, AMC’s shares experienced a spike in value. However, the stock has since declined significantly, currently down 40% over the past month and approximately 80% over the past three months. Despite this, analysts suggest that Swift’s film and Beyoncé’s potential theater release could have a positive impact on AMC.
It seems that Beyoncé is following in Taylor Swift’s footsteps by exploring a movie theater release for her concert film. Exciting times lie ahead for both artists and their fans.
