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Taylor Swift and Beyonce concert films responsible for 'literally all' of AMC Theatres increase in revenue last quarter, CEO reveals
Many were surprised when AMC Theatres signed exclusive deals with Taylor Swift and Beyonce to distribute their concert films, but they're reaping the rewards.
The theater chain - which also revealed new Nicole Kidman ads will start playing before movies this Friday - posted an impressive 11% jump in revenue to $1.1 billion in the fourth quarter with their EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) tripling to $45 million while narrowing their losses. The theater chain - which also revealed new Nicole Kidman ads will start playing before movies this Friday - posted an impressive 11% jump in revenue to $1.1 billion in the fourth quarter with their EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) tripling to $45 million while narrowing their losses 'To that end, our praise for Taylor Swift and Beyoncé Knowles Carter has no limit, and we offer our boundless thanks to these two world class artists for entrusting AMC to collaborate with them as to the theatrical exhibition of their two masterpiece creations,' he added.
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