AMC Entertainment Holdings stock (NYSE: AMC) jumped in the early trading hours Monday following the announcement of the global distribution of Beyoncé’s highly-anticipated concert film, “Renaissance World Tour,” through its AMC Theatres chain.
The Beyoncé extravaganza is set to grace theaters in the United States, Canada, and Mexico on Friday, December 1, 2023. AMC Theatres, the American movie giant, is also hinting at upcoming announcements regarding additional global screenings, keeping fans eagerly on the edge of their seats.
The price of tickets for standard showtimes in the U.S. will begin at an affordable $22 plus tax, making it an accessible entertainment option for audiences nationwide. In addition, “Renaissance” will also grace the screens of other premium large format theaters.
This move comes at a crucial time for the entertainment industry, with movie theaters worldwide seeking fresh content amid disruptions caused by Hollywood labor disputes, as reported by Reuters.
Beyoncé’s “Renaissance World Tour” concert film promises to be a sensational journey, akin to the recent release of Taylor Swift’s “Eras Tour” concert film. This cinematic masterpiece will provide an intimate look into Beyoncé’s scorching summer tour, spanning an impressive 57 shows across 40 cities in North America and captivating 14 European destinations.
Moreover, Cinemark Holdings, Inc. (NYSE: CNK) has also thrown its hat into the ring, announcing that Beyoncé’s concert film will grace the big screens of all its U.S. theaters, with preshow festivities commencing on November 30.
Cinemark has made tickets available for purchase now, and fans can grab their seats for as low as $22 through Cinemark’s app and website. Additional showtimes are also in the pipeline.
AMC Entertainment Holdings stock (NYSE: AMC) is up over 4% at $8.32 at the time of publication.
Jennifer Tacker is a staff writer at ABBO News. She holds a B.A. from the University of Waterloo and a B.Ed from Western University. Jennifer has been active in the stock market and crypto sector for a decade. She specializes in technical analysis and trading strategies.
