Beyonce's concert film to be distributed globally by AMC (updated)

Cinemark Holdings

02/10/2023 15:33

(Adds shares in paragraph 2 and 7)
       Oct 2 (Reuters) - A film based on U.S. pop star
Beyonce's hit "Renaissance World Tour" is set to be distributed
globally by a unit of AMC Entertainment  AMC.N , the company
said, as cinema chains look to fill content gaps stemming from
Hollywood strikes.
    AMC shares rose as much as 4.8% to $8.37 before paring gains
to $8.
    Beyonce's film is a theatrical production of the
singer-songwriter's global tour this summer, spanning 57
concerts across 40 cities in North America and 14 across Europe.
    The film follows a similar release by pop superstar Taylor
Swift, whose "Eras Tour" concert film will be distributed in
cinemas in North America starting Oct. 13.
    The concert films provide cinema chains such as AMC,
Cinemark  CNK.N  and Cineplex  CGX.TO , with high-profile titles
to help fill gaps caused by a prolonged strike by actors and
writers in Hollywood.
    "Renaissance: A Film By Beyonce" is set to play in the
United States, Canada, and Mexico beginning Friday, Dec. 1,
2023, AMC said, adding that additional global cities would be
announced at a later date.
    Shares of Cinemark  CNK.N  firmed 1% as the AMC rival
announced that it will play the concert film in its U.S.
theaters. Both cinema chains said their standard showtime
tickets in the U.S. will start at $22.
   Entertainment website Variety first reported Beyonce's talks
to release "Renaissance" through AMC.

 (Reporting by Jyoti Narayan in Bengaluru; Editing by Sharon
Singleton and Shweta Agarwal)
 ((Jyoti.Narayan@thomsonreuters.com;))