Beyoncé and Taylor Swift may have changed the moviegoing paradigm: 'If I were Hollywood, I would be scared.'

Just when you thought large theatrical releases were on their way out, there are signs of a cinematic renaissance.

Much has been written about this year's "Barbenheimer" phenomena, which saw the simultaneous release of two major releases ("Barbie" and "Oppenheimer") to great popularity in July.

According to Chicago Tribune film critic Michael Phillips, the successful big-screen concert films released by Taylor Swift and Beyoncé are maybe even more surprising.

"Beyoncé and Taylor Swift both cut deals -- not with the studio, not with Warner Brothers, not with Paramount, not with anybody except AMC Theaters," he said. 

"The entire film industry as we know it was cut out of the deal, reducing profits for the artists featured in these films."

"If I were in Hollywood, I'd be concerned about that trend." I'm not sure how well it will work for anything other than a big-name concert film, but it worked for these two times in two months."

Meanwhile, Phillips points out that "Stop Making Sense," Jonathan Demme's 1984 concert film of the Talking Heads, was restored and re-released earlier this year to critical acclaim.

He predicted that other highly respected concert films, such as Martin Scorsese's 1978 documentary "The Last Waltz," about The Band, will be reissued as a result.

Phillips is this week's Looped In: Chicago podcast guest. 

He covers the latest film trends, such as Hollywood's emphasis on sequels, remakes, and reboots.

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