Taylor Swift, Beyonce
Concert Movies Boost AMC Revenue
… Literally All Of It
AMC Entertainment is giving Taylor Swift and Beyoncé a standing ovation … the theater chain says their concert movies are behind “literally all” of its revenue to close 2023.
AMC just reported quarterly earnings to Wall Street, and the nationwide chain says Bey and Tay Tay helped boost their financials big time.
On the strength of “Taylor Swift: The Eras Tour” and “Renaissance: A Film By Beyoncé,” AMC raked in $1.1 billion in fourth-quarter revenue.
The massive figure is up from the $990.9 million in revenue AMC reported in the fourth quarter of 2022, a huge increase as far as AMC is concerned.
Taylor and Beyonce are getting their flowers, too — AMC’s CEO Adam Aron says “literally all” of the increased revenue is a result of the singers’ concert movies.
Remember, AMC signed deals last year with Taylor and Beyonce to exclusively distribute their concert films, and it turned out to be a brilliant business move for all involved.
Adam adds … “To that end, our praise for Taylor Swift and Beyoncé Knowles Carter has no limit.”
Without the box office boost from Swifties and the Beyhive, things would probabl
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