Beyoncé is in advanced talks to distribute a film based on her smash-hit Renaissance World Tour directly to AMC Theaters, sources with knowledge of the project said. Variation.
Another source added that mega-agency CAA held preliminary talks with major studios and broadcasters two weeks ago, urging actors to be ready to bid for a project the icon has been developing for years. 2023 live shows, excerpts from the long-gestating visual album “Renaissance,” and a documentary-style narrative of making the recording and touring (cameo appearances by Blue Ivy Carter are sure to follow).
It was stated that the project will be released in wide release on December 1. According to reports, the Renaissance World Tour is expected to gross close to $560 million in ticket sales by the end.
A spokesperson for AMC Theaters did not respond to multiple requests for comment. CAA had no comment on the matter. Beyonce’s spokesperson could not be reached for comment.
Beyonce’s deal comes on the heels of a deal brokered by Taylor Swift: a straightforward concert film based on her massive Eras Tour. According to reports, the terms are incredibly favorable for Swift, who is financing the project herself and will receive more than half of the box’s revenues. The insider added that Beyonce would receive the same arrangement and pocket more than 50% of the worldwide proceeds. The industry is following Swift’s AMC experiment, which is set to open north of $100 million in October.
This deal by AMC directly with artists effectively eliminates the company’s longtime partners in the studios and could have serious repercussions for the future of the motion picture business.
As with all things Beyonce, circumstances can change and secrecy permeates every layer of her process. A source familiar with the visual album shoot said work on a robust suite of music videos wrapped up almost a year ago in November 2022. Her army of fans, the Beyhive, and global entertainment enthusiasts were stunned by her failure to post the visuals. It accompanies a Grammy-winning album due out in July 2022.
Adding intrigue and a bit of confusion to this deal, Netflix signed the singer to a multi-picture deal in 2019 by purchasing her spectacular Coachella concert film “Homecoming.” It is not clear what obligations they have towards the publisher, but the situation is clear. Saying that no one told Beyoncé what to do.
Above the Line in August reported He said that this particular film was shot as a fake secret by director Nadia Lee Cohen. On Friday, eagle-eyed users on
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