Box Office: Beyoncé’s ‘Renaissance’ Opens to $5.1 Million in Thursday Previews
01.12.2023 - 15:55
/ variety.com
Brent Lang Executive Editor Queen Bey got the weekend off to a hot start. “Renaissance,” a concert film written, directed and produced by Beyoncé, earned $5.1 million in previews on Thursday. The film is expected to earn between $17 million to $20 million in its opening weekend from approximately 2,539 domestic locations.
But “Renaissance” is a global event, with the concert movie debuting in 94 international territories — a collection of markets that includes the U.K., South Africa and Australia. Globally, the film is projected to bring in between $30 million to $40 million. It’s a solid result even if it can’t match the year’s other notable concert film, Taylor Swift’s “The Eras Tour,” which opened with $92 million domestically last October.
That movie has gone on to earn $250 million worldwide. Both artists opted not to partner with a major studio to release their film in theaters. Instead, they’ve joined forces with AMC Theatres, the world’s largest exhibition chain, to bring their sold-out concerts to an even wider audience.
It stands to be a very lucrative experiment for Beyoncé, who takes half of box office earnings, with exhibitors keeping the remaining ticket sales. For its troubles, AMC will earn a distribution fee, though not the kind of percentage that a standard studio would demand and receive. It could be a tight race for first place at the box office charts, as “Renaissance” will have to hold off “Hunger Games: The Ballad of Songbirds and Snakes” as it tries to grab the crown.
The Hunger Games prequel is in its third weekend of release. The other major new debut, Lionsgate’s “Silent Night,” is expected to open between $6 million to $8 million. John Woo, the action maestro behind “Face/Off” and “The
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