Greg Marcus has been in the movie business for years but he never expected to be urging moviegoers to take out their phones during a film 91Ƶ let alone to be crafting friendship bracelets
But there the chief executive and chair of the Marcus Corporation is in headquartered in Milwaukee, Wisconsin, stringing beads together while humming 91ƵShake It Off.91Ƶ
Movie theaters are readying for an onslaught like they91Ƶve never seen before, beginning Friday when 91ƵTaylor Swift: The Eras Tour91Ƶ debuts. The concert film, compiled from several is expected to launch with $100 million, or possibly more. Advance ticket sales worldwide have already surpassed $100 million.
Dancing will be encouraged.
91ƵThis is different,91Ƶ says Marcus. 91ƵTake your phone out. Take selfies. Dance, sing, get up, have a good time. We want to create an atmosphere.91Ƶ
Concert films, of course, aren91Ƶt anything new. Just last month, returned to theaters for a decades-later encore. But 91ƵThe Eras Tour91Ƶ heralds something new and potentially game-changing in the movie industry.
Two of the biggest stars on the planet 91Ƶ Swift and 91Ƶ are heading into cinemas in first-of-their-kind deals made directly with AMC Theaters that circumvent Hollywood studios and which, for now, leave streamers waiting on the sidelines.
But how did the once declared-for-dead multiplex become the go-to place this fall a pair of stars
When studios began diverting some of their titles to streaming platforms, movie theaters began thinking harder about how they could fill their screens 91Ƶ a question exacerbated this autumn by an that91Ƶs led to the
Movie theaters are increasingly not just a marquee of movie showtimes but a big-screen stage for a variety of visual media. BTS earlier this year , with higher ticket prices and limited showtimes. The Metropolitan Opera has for years done
Few acts can do what Swift and Beyoncé can. Their expected success is unlikely to be replicated. But 91ƵThe Eras Tour91Ƶ could be the start of an expansion of what, exactly, a movie theater can be. Think , only much cheaper and in most towns.
91ƵYou could say we91Ƶre in the movie business, but really we91Ƶre in the getting-together-with-other-people business,91Ƶ says Marcus. 91ƵThe more we do of it, the more the customers will think about it and the more talent will go: This is something I could do.91Ƶ
Swift91Ƶs camp was motivated to get the film out even as her stadium tour continues internationally. The tour, which is projected by Pollstar to gross some $1.4 billion, , saw sky-high resale mark-ups and left many fans priced out.
The movie, directed by Sam Wrench, would be a way for millions more to experience . Adult tickets are being sold for $19.89,91Ƶ a reference to her birth year and 2014 album, a re-recording of which is due out Oct. 27. That91Ƶs higher than the average movie ticket but several thousand less than many tickets to see Swift live.
It91Ƶs arriving uncommonly fast, too, just a little over two months since the SoFi shows. Speed was one reason Swift91Ƶs father, Scott Swift, is said to have sought out a direct deal with AMC. Swift produced the film, herself, and, with 274 million followers on Instagram, didn91Ƶt need a studio to promote it.
The has only further brightened the spotlight on the movie. According to ad tracking firm iSpot, TV ads for the film ran only a few dozen times as of Oct. 6, including several spots during NFL broadcasts. (A Marvel movie, by comparison, might run several thousand TV commercials.)
Ticket sales will be split 43% with theaters and 57% shared by Swift and AMC 91Ƶ with the lion91Ƶs share of that going to Swift. The film will play exclusively in theaters for at least 13 weeks 91Ƶ longer than many Hollywood releases do now. AMC CEO Adam Aron has called the deal 91Ƶa coup for AMC91Ƶ on social media.
Both AMC and representatives for Swift declined to discuss the film91Ƶs release.
After a premiere in Los Angeles on Wednesday, there won91Ƶt be any advance screenings until the movie begins playing at 6 p.m. local time Friday. Most wide-release movies open with Thursday showings and Friday daytime screenings. It91Ƶs another wrinkle in a nontraditional release that91Ƶs challenging Hollywood norms.
91ƵInnovation comes out of challenging times in this business. We91Ƶre seeing a lot of changes, some subtle, some not so subtle,91Ƶ says Paul Dergarabedian, senior media analyst for data firm Comscore. 91ƵIt seems like, right now, there are no rules when it comes to being successful.91Ƶ
Dergarabedian believes the two concert films should help lift the North American box office to more than $9 billion in 2023, up from the $7.4 billion of last year and edging closer to the $11.4 billion of 2019.
91ƵIt really opens up the idea that other types of content can play really well in a movie theater,91Ƶ he says.
Some of those changes have been facilitated by the abolishment of long-held antitrust restrictions governing movie distribution. After more than 70 years of regulating divisions between exhibition and distribution, were terminated in 2020 with a two-year sunset period that ran until last year.
91ƵInnovation had effectively been stunted,91Ƶ says Makan Delrahim, the former antitrust chief at the Justice Department who proposed ending the consent decrees.
Delrahim believes 91ƵTaylor Swift: The Eras Tour91Ƶ 91Ƶ as a movie distributed by a theater chain, with nontraditional ticket prices 91Ƶ could 91Ƶfuel new business models to save the exhibitors.91Ƶ
91ƵThere will be more appetite to experiment different models for theatrical distribution,91Ƶ Delrahim says. 91ƵThe industry needs it and, frankly, so do consumers.91Ƶ
Meanwhile, 91ƵTaylor Swift: The Eras Tour91Ƶ is poised to become the biggest concert film ever in about two days of release. Not accounting for inflation, 201191Ƶs 91ƵJustin Bieber: Never Say Never91Ƶ holds that mark with $73.1 million across its entire run. Accounting for inflation, it will be harder for 91ƵThe Eras Tour91Ƶ to catch 91ƵWoodstock,91Ƶ which grossed $50 million in 1970, a total that translates to nearly $400 million today.
In Marcus91Ƶ theaters, like many other chains, there will be friendship bracelet stations. Sound systems have been modified for more of a concert feel. And while Marcus grants it will be strange to see an AMC logo before a film playing in his theaters, he doesn91Ƶt particularly mind.
91ƵI91Ƶm just happy it91Ƶs there,91Ƶ he says.
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Jake Coyle, The Associated Press