Posted 2/29/2024, 7:46:00 PM
AMC Credits Swift, Beyoncé Films for Boosting Q4 Revenue and Market Share
- AMC CEO credits Taylor Swift and Beyoncé concert films for all of AMC's Q4 revenue and EBITDA growth
- The films caused AMC's US market share to rise over 50% higher than usual
- The films accounted for 1/9th of total US box office in Q4
- Swift's "Eras Tour" film is the highest grossing concert film ever at $261M+ globally
- AMC seeks to distribute more concerts and explore alternate content like comedy and sports