Two back-to-back concert film hits is sure to increase interest in concert film releases in future, and AMC Theatres could make them the center of its distribution arm. Of course, there’s no match for the live concert experience, but with a limited number of performances in a limited number of locations, and an average ticket price of $700, the live concert experience simply isn’t accessible for most people. This problem also applies to Broadway shows, which are usually preserved on film but are very rarely made available to watch outside of the theater, for fear of cannibalizing ticket prices. (The Disney+ release of “Hamilton” was a rare exception.)
The monster success of “Taylor Swift: The Eras Tour” at the theatrical box office doesn’t seem to have done any harm at the concert box office; by October, the tour had grossed more than $2 billion, with the $248.9 million from the film’s release acting as a bonus. “Renaissance: A Film by Beyoncé” was announced at the end of the live tour, so wouldn’t have had done any harm there either. Since the filmed performances can be shown in vastly more locations than either Taylor Swift or Beyoncé could physically perform in, these releases expand the event experience to a much larger audience of fans (plus spouses, friends, family members etc. that those fans have dragged along).