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AMC CEO: Taylor Swift & Beyoncé Drove Quarterly Revenue Increase & New Nicole Ad


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RAMROD

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CEO Adam Aron said the company will have more concert movies "later in 2024 and/or 2025" and will feature new Nicole Kidman spots starting March 1.

AMC Theatres beat Wall Street expectations, reporting fourth-quarter revenue of $1.10 billion, up from $990.9 million in 2022 and a net loss of $182 million, compared to a net loss of $287.7 million in 2022. 

For the full year, the theater chain reported total revenue of $4.8 billion, up from $3.9 billion in 2022. Net loss improved to $396.6 million, up $577 million from a year earlier. 

AMC Theater CEO Adam Aron said that “literally all” of the increase in revenue in the fourth quarter was driven by Taylor Swift and Beyoncé. Total attendance in the fourth-quarter grew to 51.9 million, up 4.7 percent from a year ago.

“What is particularly noteworthy is how much AMC benefited from our trailblazing industry leading efforts with our highly successful distribution of two concert movies Taylor Swift: The Eras Tour and Renaissance: A Film By Beyoncé,” Aron wrote in the press release. “Despite a diminished box office overall, in the fourth quarter compared to the same quarter a year ago, AMC’s revenue grew by 11.5 percent and AMC’s adjusted EBITDA almost tripled. Literally, all of that increase in AMC’s Revenue and EBITDA is attributable to our having shown these two movies in our theatres in the U.S. and internationally.”

On the earnings call, AMC Theatres management said it is introducing a new version of its Nicole Kidman commercial.” 

“Before every movie starts, and starting March 1, we’re going to show three different, 30-second Nicole Kidman commercials before the movie starts on a rotating basis,” Aron said.

A spokesperson later clarified that the spots are not “new ads or sequels” but “never-before-seen-in-theatres versions of the original, iconic ad.” 

Aron said the company’s “phones have been ringing off the hook” with requests from musical artists and that the theater chain will have more concert movies “later in 2024 and/or 2025.” 

Aside from these two films, fourth-quarter domestic industry-wide box office was down 35 percent versus 2019, as the industry continues to deal with lingering impact from the dual strikes. Still, Aaron said he believes the strike impacts will starts to ease up this spring. 

https://www.hollywoodreporter.com/business/business-news/taylor-swift-beyonce-amc-theatres-revenue-increase-1235838674
 

What's the chance Bobby ringing the AMC CEO to release TCB later this year??  :sis:

(ノ◕ヮ◕)ノ✧*:・゚ be delulu until it becomes trululu (*´艸`*) ♡♡♡
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Lucas
7 minutes ago, Tinnitus15 said:

Taylor- 180 million 

Beyoncé- 33 million 

talent lost

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Roughhouse Dandy

Go Beyoncé 👏🏼👏🏼👏🏼

This is my Hannah Montana™️ lipgloss.
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Stef
29 minutes ago, RAMROD said:

Aron said the company’s “phones have been ringing off the hook” with requests from musical artists and that the theater chain will have more concert movies “later in 2024 and/or 2025.” 

One thing that I can 100% guarantee you is that Mr. Bobby Campbell’s phone has NOT been contacting any AMC theater chain! 

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TEANUS
2 minutes ago, Stef said:

One thing that I can 100% guarantee you is that Mr. Bobby Campbell’s phone has NOT been contacting any AMC theater chain! 

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Mr. Bobby Campbell’s phone ^^

British social ladies with upturned pinkies, glasses clinking // xoxoTEANUS
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PlastiscGuy
4 minutes ago, Stef said:

One thing that I can 100% guarantee you is that Mr. Bobby Campbell’s phone has NOT been contacting any AMC theater chain! 

The only thing Bobby's phone contacts are twinks from Grindr :huntyga:

PG.
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weed
45 minutes ago, Tinnitus15 said:

Taylor- 180 million 

Beyoncé- 33 million 

Wow

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Mister G
16 minutes ago, PlastiscGuy said:

The only thing Bobby's phone contacts are twinks from Grindr :huntyga:

:billie:

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Flippy

I wonder if by "never before seen 30 second" commercials w/ Nicole Kidman, they mean any of these 3 variations (2 of them show A Star Is Born (2018) actually :billie:)

 

TMBT 3.22.11 // TBTWB 1.17.13 // ArtRAVE 6.3.14 // C2CT 5.28.15 // TJWT 8.13.17 // Chromatica World Tour 9.8.22
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LateToCult
2 hours ago, RAMROD said:

What's the chance Bobby ringing the AMC CEO to release TCB later this year??  :sis:

Let that b*tch go already. :air:

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weed
2 hours ago, Flippy said:

I wonder if by "never before seen 30 second" commercials w/ Nicole Kidman, they mean any of these 3 variations (2 of them show A Star Is Born (2018) actually :billie:)

 

3rd one outsold the others :vegas: my fave. "We come to this place" AND "because here.. they are," the most iconic moments. I feel like I've seen the 2nd one the least.. "when I was a little girl" I was like ??

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