AMC Theatre’s revenue increase “literally all” from Taylor Swift and Beyoncé concert films
Taylor Swift and Beyoncé‘s concert films, the company’s CEO has revealed.In the fourth quarter of last year, the cinema chain saw revenue jump 11% to $1.1 billion, beating Wall Street’s forecasts.Now, AMC Theatres CEO Adam Aron has admitted that those profits are entirely down to screenings of Taylor Swift: The Eras Tour and Renaissance: A Film by Beyoncé.“What is particularly noteworthy is how much AMC benefited from our trailblazing industry leading efforts with our highly successful distribution of two concert movies Taylor Swift | The Eras Tour and Renaissance: A Film By Beyoncé,” said Aron in a statement (via Deadline). “Literally, all of that increase in AMC’s Revenue and EBITDA is attributable to our having shown these two movies in our theatres in the U.S.