AMC Shares Rise In Premarket As Beyoncé Announces Renaissance Tour Film

Forbes Business Breaking AMC Shares Rise In Premarket As Beyoncé Announces Renaissance Tour Film Robert Hart Forbes Staff I cover breaking news. Following Oct 2, 2023, 07:32am EDT | Press play to listen to this article! Got it! Share to Facebook Share to Twitter Share to Linkedin Topline Shares of AMC Entertainment jumped on Monday after pop superstar Beyoncé announced a new concert film based on her blockbuster Renaissance World Tour, hot on the heels of the company’s deal to show Taylor Swift’s hit Eras Tour as theaters work to fill sparse movie calendars after labor strikes brought Hollywood to a standstill. Beyoncé’s Renaissance Tour film will be shown in AMC and other cinemas from December.

WireImage for Parkwood Key Facts AMC Entertainment shares were up 1. 5% during premarket trading on Monday morning after the company said its AMC Theatres chain would distribute the star’s Renaissance concert film in the U. S.

Reports the cinema chain was in advanced talks with the singer to show the film were reported by Variety over the weekend. The movie, Renaissance: A Film By Beyoncé , will be released across the U. S.

, Canada and Mexico on Friday December 1 and will run for at least four weeks, AMC said. There will be showings on Thursdays, Fridays, Saturdays, and Sundays, AMC said, with standard tickets going on sale today starting at $22. The movie will also be shown at other chains including Cinemark and Regal.

News Peg Beyoncé unveiled a trailer for the Renaissance concert film on Monday. It teases behind the scenes footage from the production and shots of the singer with her family, including her daughter Blue Ivy Carter—who is a backup dancer on the tour—husband Jay-Z and twins Rumi and Sir. The film is ambitious in scope , according to Variety, and will include highlights from the tour and a documentary-style accounting of the tour’s conception and production, as well as the singer’s studio album that bears the same name.

AMC stock was also boosted on news the company would show Taylor Swift’s Eras Tour film, which will start showing in October. The gains from Swift in August were not enough to save the company from its worst monthly decline since going public in 2013. Big Number $4.

4 billion. That’s how much Beyoncé will have generated for the American economy by the end of the Renaissance tour, according to the New York Times . The figure, which the Times said is how much the 2008 Beijing Olympics generated for China’s economy, is a testament to the tour’s social and cultural impact and it has shattered performance records to become the highest-grossing tour by a woman in history.

With four Grammy wins for the Renaissance album this year, Beyoncé is also the most awarded artist in Grammy history. Further Reading Beyonce’s concert film to be distributed globally by AMC (Reuters) A Silvery, Shimmering Summer of Beyoncé (NYT) Taylor Swift could change the movie theater industry with her Eras Tour concert film — here’s how (CNBC) Follow me on Twitter or LinkedIn . Send me a secure tip .

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