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 BԪַ 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 BԪַShake It Off.BԪַ
Movie theaters are readying for an onslaught like theyBԪַve never seen before, beginning Friday when BԪַTaylor Swift: The Eras TourBԪַ 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.
BԪַThis is different,BԪַ says Marcus. BԪַTake your phone out. Take selfies. Dance, sing, get up, have a good time. We want to create an atmosphere.BԪַ
Concert films, of course, arenBԪַt anything new. Just last month, returned to theaters for a decades-later encore. But BԪַThe Eras TourBԪַ heralds something new and potentially game-changing in the movie industry.
Two of the biggest stars on the planet BԪַ Swift and BԪַ 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 BԪַ a question exacerbated this autumn by an thatBԪַs 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 BԪַThe Eras TourBԪַ could be the start of an expansion of what, exactly, a movie theater can be. Think , only much cheaper and in most towns.
BԪַYou could say weBԪַre in the movie business, but really weBԪַre in the getting-together-with-other-people business,BԪַ says Marcus. BԪַThe 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.BԪַ
SwiftBԪַs 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,BԪַ a reference to her birth year and 2014 album, a re-recording of which is due out Oct. 27. ThatBԪַs higher than the average movie ticket but several thousand less than many tickets to see Swift live.
ItBԪַs arriving uncommonly fast, too, just a little over two months since the SoFi shows. Speed was one reason SwiftBԪַs 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, didnBԪַt 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 BԪַ with the lionBԪַs share of that going to Swift. The film will play exclusively in theaters for at least 13 weeks BԪַ longer than many Hollywood releases do now. AMC CEO Adam Aron has called the deal BԪַa coup for AMCBԪַ on social media.
Both AMC and representatives for Swift declined to discuss the filmBԪַs release.
After a premiere in Los Angeles on Wednesday, there wonBԪַt 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. ItBԪַs another wrinkle in a nontraditional release thatBԪַs challenging Hollywood norms.
BԪַInnovation comes out of challenging times in this business. WeBԪַre seeing a lot of changes, some subtle, some not so subtle,BԪַ says Paul Dergarabedian, senior media analyst for data firm Comscore. BԪַIt seems like, right now, there are no rules when it comes to being successful.BԪַ
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.
BԪַIt really opens up the idea that other types of content can play really well in a movie theater,BԪַ 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.
BԪַInnovation had effectively been stunted,BԪַ says Makan Delrahim, the former antitrust chief at the Justice Department who proposed ending the consent decrees.
Delrahim believes BԪַTaylor Swift: The Eras TourBԪַ BԪַ as a movie distributed by a theater chain, with nontraditional ticket prices BԪַ could BԪַfuel new business models to save the exhibitors.BԪַ
BԪַThere will be more appetite to experiment different models for theatrical distribution,BԪַ Delrahim says. BԪַThe industry needs it and, frankly, so do consumers.BԪַ
Meanwhile, BԪַTaylor Swift: The Eras TourBԪַ is poised to become the biggest concert film ever in about two days of release. Not accounting for inflation, 2011BԪַs BԪַJustin Bieber: Never Say NeverBԪַ holds that mark with $73.1 million across its entire run. Accounting for inflation, it will be harder for BԪַThe Eras TourBԪַ to catch BԪַWoodstock,BԪַ which grossed $50 million in 1970, a total that translates to nearly $400 million today.
In MarcusBԪַ 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 doesnBԪַt particularly mind.
BԪַIBԪַm just happy itBԪַs there,BԪַ he says.
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Jake Coyle, The Associated Press