AMC Theatre’s revenue increase “literally all” from Taylor Swift and Beyoncé concert films

nme.com:

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.