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Forbes Topline

Box Office Redemption: Beyonce And Taylor Swift Reviving Fortunes Of Movie Theaters In 2023 | Forbes

Forbes Topline

Forbes

Business News, News, Entrepreneurship, Business

4.86 Ratings

🗓️ 25 October 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Mark Hughes, a screenwriter and Forbes contributor, joins "Forbes Talks" with Rosemarie Miller, to discuss Beyonce and Taylor Swift's upcoming concert films and how they'll impact the box office, movie theaters, and culture. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi everyone I'm Rose Marie Miller here with Mark Hughes a screenwriter and

0:07.3

contributor here at Forbes here to tell us about how Beyoncé and Taylor Swift

0:11.8

could possibly rescue the 2023 box office.

0:15.5

Thank you so much for joining me today, Mark.

0:17.8

My pleasure to be here.

0:20.2

Thank you, Rosemary.

0:21.6

Absolutely.

0:22.6

So Mark, what benefits could Beyoncé and Taylor Swift's concert films bring to both the

0:28.2

music industry and the film industry?

0:31.3

I think there's a lot of potential benefit here because we're at a sort of

0:37.1

inflection point for theaters and music where audiences are very tired of a lot of the same thing at the theater so we've seen a lot of high-profile

0:47.5

productions and popular franchises kind of fall flat this year and people are also very fed up with inflated ticket

0:55.4

pricing at concerts and that's become a really big issue so I think there's a

1:00.6

chance here for theaters to make up some of their lost revenue and bring

1:05.2

in a whole new audience.

1:07.3

And concert films have had that potential, but I think we need people and the kind of star wattage that Beyoncé and Taylor Swift bring into this equation.

1:19.4

This is a whole different level of concert film and potential here. We're talking

1:25.2

about hundreds of millions of dollars. I think each of these films will do

1:29.9

hundreds of millions of dollars at the box office.

1:33.4

And you also, you mentioned in your articles that these should be treated as major

1:40.3

event releases.

1:41.8

What do you mean by that?

...

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