Together with
The Future. AMC Theatres recently blew Wall Street predictions out of the water, fueled primarily by Taylor Swift and Beyoncé, whose concert movies brought in record-breaking audiences. The success marks a significant pivot for theaters and may pave the way for more musical artists who want to take to the big screen.
AMC meets Do-Re-Mi
The music industry is coming for Hollywood.
- AMC Theatres beat Wall Street expectations with fourth-quarter revenue of $1.1 billion, up 11.5% from $990.9 million.
- The chain said that its adjusted EBITDA almost tripled, and nearly all of it was directly because of showing Taylor Swift: The Eras Tour and Renaissance: A Film by Beyoncé in the U.S. and internationally.
The rise of the concert movie
AMC Theatres’ pivot towards concert movies has not only mitigated current industry challenges (an overall down box office) but also positioned it for future growth.
This strategy offers valuable insights for the wider entertainment industry on diversification and underscores broader industry potential for integrating live entertainment with traditional cinema experiences. 2025 may be the year of rom-coms and concert movies.
TOGETHER WITH CANVA
No design skills needed! 🪄✨
Canva Pro is the design software that makes design simple, convenient, and reliable. Create what you need in no time! Jam-packed with time-saving tools that make anyone look like a professional designer.