Beyonce performs onstage during the Renaissance World Tour.
Kevin Mazur | Wireimage | Getty Images
Beyonce’s Renaissance World Tour may be coming to a theater near you.
Makers of a concert film based on the smash-hit concert are reportedly in advanced talks to directly distribute the movie through AMC Theaters, according to a Variety report. According to the Variety report, major talent agency CAA began preliminary talks two weeks ago with studios and streaming services. The film would include footage from Beyonce’s live concerts and background information on how the show was created. The film, which is based on Swift’s Eras Tour will be distributed globally by AMC. It is expected to be a big hit. First-day ticket sales for Swift’s movie got to $26 million and some estimate the film will top $100 million the weekend it opens.
According to Variety, Beyonce’s deal structure could follow a similar one as Swift’s, who will pocket over half of the box receipts from the movie. Beyonce’s contract terms could change, according to Variety. Both Beyonce & Swift are responsible for the increase in consumer spending this summer. This is despite inflationary pressures on wallets. The Grammy-award-winning artists have also been credited for boosting local economies worldwide while they toured around the globe.
Some industry analysts are banking on the presence of the music icons to have a similar effect on the film industry where movie theaters and ticket sales have been struggling, exacerbated by a historic strike by writers and actors in Hollywood that put a pause on some production.
Read the complete Variety report here.