AMC Entertainment focuses on concert films following the success of the “Eras Tour”; “Our phone rang immediately,” says the CEO

The theater chain AMC will make a nice profit from the distribution Taylor Swift: The Eras Tour and from box office revenue, which totaled more than $232 million worldwide, CEO Adam Aron said Wednesday. He declined to provide numbers until the end of the year because both Swift and Renaissance: A Beyoncé Moviewhich begins on December 1 falls in the current fourth quarter.

But he assured Wall Streeters on a conference call after strong quarterly results that the company will definitely bet on concert films next year, through 2025 and beyond. “The phone has been ringing since we announced it.” The Eras Tour let go, he said. “A significant number of the best artists in the world would love to do something with AMC.”

Periods opened on October 13 and only plays on weekends, four so far. “There will be a Week 5, a Week 6, a Week 7, a Week 8,” Aron said.

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“He doesn’t expect it Renaissance will be just as big in theaters as Periods “But we expect it to be significant and significant. And both together will generate a good share of sales this year.”

Aron thanked the other exhibitors for their help in creating it epocha success. “It was good for AMC because we did it, but it was good for our entire industry in terms of additional revenue. No one expected it when the release schedule thinned out this fall, as the actors’ strike caused the studio to push back release dates.

Aron said he still dreams of bringing sports to the big screen. “If you think a football game will look good on a 55-inch TV in your living room, imagine how good it will look on a 55-foot screen in an AMC theater.”

“I think you will see how we practice. It has been a years-long effort to obtain the rights, but we are actively pursuing it.”

AMC previously reported a profit of $12.3 million in the September quarter — versus a loss of $227 million a year earlier — on a 45% increase in revenue to $1.4 billion. Barbie And Oppenheimer The highlights were the films released at the end of July.