All articles tagged with #concert movies
Bad Bunny, a global Latin music star, has decided not to prioritize a U.S. tour or concert films, focusing instead on his native Puerto Rico and international markets like Latin America, Japan, Australia, and Europe. He considers U.S. performances and concert recordings 'unnecessary' at this time, emphasizing creating memorable live experiences over filming or touring in the U.S.
Bad Bunny, a global Latin music star, has decided not to prioritize U.S. tours or concert films, focusing instead on his native Puerto Rico and other international markets, citing it as 'unnecessary' given his widespread popularity. He has plans for a world tour that skips the U.S. and Canada, and while there are discussions about recording his performances, he prefers to keep concert footage exclusive, emphasizing creating personal memories over commercial releases.
AMC Entertainment's CEO credited Taylor Swift and Beyoncé's concert movies for the company's fourth-quarter revenue growth, stating that "literally all" of the increase in revenue and adjusted EBITDA was due to showing their films in theaters. The two concert movies also boosted AMC's U.S. market share and contributed significantly to the industry-wide box office. The success has prompted AMC to consider distributing more content from world-class musical artists and exploring alternate content opportunities such as comedy and sports.
AMC Theatres reported a fourth-quarter revenue increase to $1.10 billion, attributing the growth to the success of concert movies featuring Taylor Swift and Beyoncé. Despite a diminished box office overall, the theater chain's revenue grew by 11.5%, with total attendance reaching 51.9 million. AMC is introducing a new Nicole Kidman commercial and plans to show more concert movies in 2024 and 2025. The company has taken measures to offset the impact of industry strikes, including reducing operating hours and cutting costs, while also reducing its debt and tightening its theater portfolio. CEO Adam Aron addressed retail shareholders' concerns and committed to reducing his target compensation by 25% for the next 12 months.