Beyoncé may follow Taylor Swift’s footsteps — right to the movie theater.
Variety reported Saturday that the makers of a concert film of Beyoncé’s “Renaissance World Tour” are in advanced talked to distribute the film directly through AMC Entertainment Holdings Inc.
AMC,
theaters.
In August, AMC announced it would release the concert film “Taylor Swift: The Eras Tour” on Oct. 13, and act as its global distributor.
According to Variety, the Beyoncé project is considering a Dec. 1 wide-release date. The project has reportedly been in the works for years, and Beyoncé’s agency, CAA, recently held preliminary talks with major studios and streaming services, Variety said.
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The project would reportedly blend concert footage, parts of Beyoncé’s long-rumored “Renaissance” visual album and behind-the-scenes footage.
Variety reported Beyoncé’s financial terms for the movie, while not yet finalized, would be similar to Swift’s deal, in which she will get about half of the film’s box-office receipts. Box-office analysts have estimated Swift’s film could earn more than $100 million in its opening weekend, according to Deadline.
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Beyoncé’s “Renaissance World Tour” is expected to generate about $560 million in revenue, while Swift’s Eras Tour — which will extend into 2024 — could be the first to gross more than $1 billion in revenue, according to the Wall Street Journal.
Earlier this year, Beyoncé became the most honored artist in the history of the Grammy Awards, winning her 32nd award.
AMC’s shares spiked immediately after announcing the Eras movie, but the stock has since resumed its deep slump, down 40% over the past month and down about 80% over the past three months. The onetime meme-stock darling is off 87% over the past 12 months.