Beyoncé is reportedly following Taylor Swift's footsteps and discussing the release of her movie, Renaissance, in theaters through AMC Theaters. Various sources confirm that the Renaissance World Tour movie is expected to feature live show footage, behind-the-scenes glimpses of the tour and album production, along with highly anticipated visual components. The movie is aiming for a December 1 release date, as per reports from Variety and Deadline.
The Renaissance World Tour by the singer of "Break My Soul" has been a huge success, with sold-out venues in Europe and the U.S. It is projected to bring in over $560 million in box office receipts. Fans have noticed that the shows in Beyoncé's hometown of Houston may have been recorded. Beyoncé has previously directed her own concert film called Homecoming in 2018, as well as visual albums for Lemonade in 2016 and Black Is King in 2020. Homecoming was the first of her three-film agreement with Netflix. It remains uncertain if the Renaissance movie will eventually be released on the streaming platform as part of this agreement.
It is reported by Variety that the Texan artist is anticipated to ink a contract similar to Swift's. As Beyoncé is releasing her project through the theater instead of a traditional movie studio, she stands to receive a larger payout, earning over 50 percent of the global box office revenue.
The movie version of Swift's Eras Tour is set to premiere on October 13. Despite Swift's live performances lasting for approximately three hours, the film's duration is stated as two hours and 45 minutes.
The Eras Tour movie shattered AMC's record for single-day U.S. presales, raking in over $26 million on its opening day. The Exorcist: Believer made the smart move of rescheduling to October 6 to avoid competing with the pop star. Swift's concert film has the potential to earn over $100 million during its opening weekend, establishing a new record for the genre. However, Beyoncé's Renaissance movie poses a formidable challenge and could give Swift a run for her money.
According to The New York Times, Queen Bey's tour surpassed Madonna's 2009 record for the highest-grossing solo female act and injected an impressive $4.5 billion into the U.S. economy. It is estimated that Swift generated a similar economic impact with her own tour, a fact that was celebrated by Beyoncé's mother, Tina Knowles, on Friday, September 29.
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"This is incredible! It's no easy task to boost the economy! @beyonce and @taylorswift," Knowles expressed on Instagram. "As young women, it's amazing to be able to say this! I'm proud of both of them!"