00:00It's Benzinga bringing Wall Street to Main Street.
00:03AMC Theatres partnered with Arena One to bring live concerts to theaters using real-time
00:08transmission technology, according to CNBC. AMC announced the partnership Tuesday during
00:14its quarterly earnings call and will launch it in June with artists including Bebe Rexha,
00:20Paris Hilton, and Maren Morris. More than 300 locations in 89 U.S. markets will host the
00:26concerts, with tickets priced between $40 and $75 depending on the artist and market.
00:32AMC has led theatrical music content by distributing Taylor Swift's Eris Tour and
00:38Beyonce's Renaissance Concert Movies. Its new partnership blends scheduled screenings with
00:43simulcast-style events and gives audiences a new reason to visit theaters. AMC said the move expands
00:51premium experiences as it works to drive attendance. The company reported $1.05 billion in first
00:58quarter revenue, up 21% year-over-year, and a net loss of $117 million while attendance and
01:05ticket prices increased. For all things money, visit Benzinga.com.
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