Taylor Swift's and Beyoncé's concert films helped boost AMC's revenue
Taylor Swift's and Beyoncé's concert films topped box office charts and helped bring the masses back to the big screen — so much so that they drove the majority of AMC Theatres' revenue increase last fall, the company said.
Taylor Swift's and Beyoncé's concert films topped box office charts and helped bring the masses back to the big screen — so much so that they drove the majority of AMC Theatres' revenue increase last fall, the company said.
Total revenue for AMC Theatres grew more than $1.1 billion in the fourth quarter of 2023, AMC Entertainment Holdings said in a news release, compared to around $990 million the year before.
Its adjusted earnings before interest, taxes, depreciation and amortization (a value referred to EBITDA) also nearly tripled to $42.5 million last quarter, as opposed to $14.5 million for the last quarter of 2022.
Rating: 5