CELEBRITY
All of AMC’s revenue growth came from Taylor Swift and Beyoncé films, theater chain says
AMC said on Wednesday that virtually all of its increased revenue and EBITDA can be attributed to its distribution of concert films from Taylor Swift and Beyoncé.
The movie chain is now fielding calls from other performers looking to put their performances on the silver screen.
AMC is one of several companies citing the two pop divas as a driver of earnings last year.
Move over, Nicole Kidman. AMC has some new patron saints.
In the final three months of 2023, AMC saw revenue increase 12%, and operating profit by one measure nearly triple, compared with the same period a year before. “Literally all” that growth was tied to concert films from Taylor Swift and Beyoncé, AMC CEO Adam Aron told analysts Wednesday.
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