There are talks that Beyoncé is planning to release her concert movie Renaissance on the big screen through AMC Theaters, following in the footsteps of Taylor Swift, according to numerous reports.
The highly-anticipated Renaissance World Tour movie is expected to include live show footage, behind-the-scenes glimpses of the tour and album production, as well as long-awaited visual components. Both Variety and Deadline have reported that the film is set to premiere on December 1.
Beyoncé’s Renaissance World Tour has been a massive success since it kicked off in May. The tour has sold out venues across Europe and the U.S., and it’s projected to earn over $560 million at the box office. Fans have also noticed that shows in Beyoncé’s hometown of Houston appeared to be filmed.
This won’t be Beyoncé’s first foray into concert films. She previously directed the Homecoming concert film in 2018 and visual albums such as Lemonade (2016) and Black Is King (2020). Homecoming marked the beginning of her three-film deal with Netflix. While it’s unclear if the Renaissance movie will be part of that deal, there is speculation that it could eventually make its way onto the streaming platform.
Variety reports that Beyoncé is expected to secure a deal similar to Taylor Swift’s. By collaborating with theaters instead of movie studios, Beyoncé stands to earn more than 50 percent of the global box office revenue.
The release of Taylor Swift’s Eras Tour movie is set for October 13. Although Swift performs for over three hours during her live shows, the film has a runtime of two hours and 45 minutes.
Taylor Swift’s concert movie quickly broke AMC’s single-day U.S. presale records, grossing more than $26 million on its first day. In fact, the horror film The Exorcist: Believer was moved to October 6 to avoid overlapping with the pop star’s release. Swift’s movie is predicted to earn over $100 million on opening weekend, setting a new record for concert movies. However, Beyoncé’s Renaissance movie might just give Swift a run for her money.
Beyoncé’s Renaissance tour has already surpassed Madonna’s 2009 tour as the highest-grossing solo female tour, according to The New York Times. It’s estimated that Beyoncé’s tour has generated around $4.5 billion for the U.S. economy, similar to the economic impact of Swift’s tour. Beyoncé’s mother, Tina Knowles, recently celebrated both artists on Instagram, highlighting their ability to stimulate the economy and their success as young women.