The Elvis Effect: How Music Cinema is Reshaping the Box Office
Nearly 60 years after stepping away from a movie star career, Elvis Presley is once again a box office draw. The success of Baz Luhrmann’s 2022 “Elvis” and Sofia Coppola’s 2023 “Priscilla” has paved the way for a new wave of music-themed cinematic experiences, with Luhrmann’s latest offering, “EPiC: Elvis Presley in Concert,” recently cracking the top 10 highest-grossing films.
The Rise of the Event Film
“EPiC: Elvis Presley in Concert” debuted in fifth place domestically, earning $8.5 million globally during its opening weekend and accumulating around $14 million to date. Shown in over 5,000 locations, the film – comprised entirely of never-before-seen footage discovered in Kansas – marks the third-biggest opening for a documentary of all time, surpassing “One Direction: This Is Us” and “Michael Jackson’s This Is It.”
This success isn’t isolated. The trend highlights a growing demand for “event cinema,” where audiences seek communal experiences centered around their favorite artists. As Baz Luhrmann noted, young people are craving opportunities to participate in groups and engage with music in a shared setting.
Taylor Swift’s Influence and Beyond
The popularity of music cinema has been significantly accelerated by Taylor Swift. Her concert film, “Taylor Swift: The Eras Tour,” grossed over $260 million worldwide, demonstrating the massive potential of this genre. Trafalgar Releasing, which distributed the film outside of the U.S. And Canada, has expanded its slate to meet the increasing demand, releasing 39 movies last year compared to 27 in 2019.
Other recent successes include “It’s Never Over, Jeff Buckley” ($1.5 million), “Pink Floyd: Live at Pompeii” ($6.4 million), and “Becoming Led Zeppelin” (over $14.6 million globally). Documentaries on streaming platforms are likewise driving increased listenership. for example, “Becoming Led Zeppelin” on Netflix led to a record-breaking peak in the band’s global streams, hitting 40.4 million.
The Synergy Between Cinema and Streaming
The impact extends beyond the box office. There’s a noticeable correlation between viewing music documentaries or concert films and increased listening habits. Audiences often revisit an artist’s catalog after experiencing their perform on the considerable screen. A slight uptick in Elvis Presley’s catalog listens was observed nationally and in the Los Angeles area following the release of “EPiC.”
What’s Next for Music Cinema?
The future of music cinema appears bright, with several high-profile projects in development. Biopics of The Beatles and Michael Jackson are on the horizon, and Luhrmann plans to adapt Elvis Presley’s life into a stage production, similar to his work with “Moulin Rouge! The Musical.” He also plans to screen “EPiC” at the Las Vegas Sphere.
Marc Allenby, CEO of Trafalgar Releasing, believes live music is “evergreen property” and that the demand for event cinema will continue as long as the music industry thrives. He emphasizes the role of cinemas as entertainment and cultural hubs, offering experiences that head beyond traditional moviegoing.
“EPiC” follows Presley as he returns to live music at his Las Vegas residency after his stint as an actor.
(Neon)
Frequently Asked Questions
- What is “event cinema”? Event cinema refers to theatrical releases that offer a communal experience, such as concert films, documentaries, and live broadcasts of performances.
- Is music cinema profitable? Yes, recent box office successes demonstrate the profitability of music-themed films, attracting both dedicated fans and casual moviegoers.
- How does streaming impact music cinema? Streaming platforms can drive increased interest in artists featured in documentaries or concert films, leading to higher listenership.
Pro Tip: Look for limited-time screenings and special events to maximize your music cinema experience. Many theaters offer enhanced audio and visual features for these releases.
What are your thoughts on the resurgence of music cinema? Share your favorite concert films and artists in the comments below!
