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Taylor Swift, Beyoncé Concert Films “Literally” Drove AMC’s Q4, CEO Says – Revenue Growth All “Attributable To Our Having Shown These Two Movies In Our Theatres”
AMC f posted strong fourth quarter numbers buoyed by Taylor Swift and Beyoncé Concert films.
“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 CEO Adam Aron. 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 said measure the chain has taken to navigate a temporary setback and reestablish our longer-term recovery trajector include tightened operating hours, mitigated costs, right-sized our theatre portfolio,innovating in merchandise and food and beverage sales, as well as established a new revenue stream with concert film.
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