Mega-agency CAA held preliminary talks with major studios and streamers two weeks ago, another source added, urging the players to be ready to bid on a project the icon has been developing for years — one that would include elements of her top-grossing 2023 live shows, parts of the long-gestating visual album “Renaissance” and a documentary-style account of making the record and building out the tour (Blue Ivy Carter cameos surely to come).
The project is eyeing a Dec. 1 wide release, added insiders. By its end, the Renaissance World Tour is expected to gross close to $560 million in ticket sales, reports said.
A spokesperson for AMC Theatres did not respond to multiple requests for comment. CAA had no comment on the matter. A spokesperson for Beyonce could not be reached for comment.
The Beyonce deal follows on the heels of one Taylor Swift brokered for: a straightforward concert film based on her widely-attended Eras Tour. The terms are incredibly favorable for Swift, reports have said, who self-financed the project and will take more than half of box receipts. Beyonce will receive the same arrangement, and stands to pocket more than 50% of the worldwide grosses, an insider added. The industry is tracking Swift’s AMC experiment to open north of $100 million in October.