Mason Paul
A film inspired by Beyoncé’s hugely successful Renaissance World Tour is in advanced talks to be distributed directly to AMC Theaters, sources familiar with the project said. diverse.
Another source added that giant agency CAA held preliminary talks with major studios and streaming companies two weeks ago, urging players to prepare to bid on a project the icon has been developing for years – one that will include elements of her 2023 highest-grossing hit. Live performances and portions of the visual album The long-running “Renaissance” and documentary-style narrative of the record’s setting and tour buildup (an appearance by Blue Ivy Carter is definitely coming).
The insider added that the project is eyeing a wide release on December 1. Reports stated that by its conclusion, ticket sales for the Renaissance World Tour are expected to reach approximately $560 million.
An AMC Theaters spokesperson did not respond to multiple requests for comment. The CAA had no comment on the matter. Beyoncé’s spokesperson could not be reached for comment.
Beyoncé’s deal comes on the heels of one brokered by Taylor Swift: a live-action concert film based on her widely attended Eras Tour. Reports said the terms are incredibly favorable for Swift, who self-financed the project and will receive more than half of the fund receipts. An insider added that Beyonce will receive the same arrangement, and will receive more than 50% of global revenues. The industry is tracking Swift’s AMC trial to open north of $100 million in October.
AMC’s direct-to-artist deals effectively alienate the company’s longtime studio partners and could have serious ramifications for the future of the theatrical film industry.
As with anything Beyoncé-related, circumstances are subject to change and secrecy permeates every layer of her process. A source familiar with the visual album’s filming process said her work on the powerful package of music videos was completed nearly a year ago, in November 2022. Her army of Beyhive fans and global revelers were astonished that she had not released the visuals, the ones that accompany an award-winning album. Grammy is set to be released in July 2022.
Adding more curiosity and confusion to this deal is Netflix, which struck the singer with a multi-picture deal when it acquired her blockbuster Coachella concert hit “Homecoming” in 2019. It’s unclear what obligations it has to the streamer, but it’s safe to say No one tells Beyoncé what to do.
In August, above the line mentioned This particular film was shot in false secrecy by director Nadia Lee Cohen. On Friday, X (formerly Twitter) users were busy saying that AMC Theaters CEO Adam Aron followed Beyoncé on stage, leading to further speculation.
