AMC Theatres is getting into the live concert business. Put another way, fans will no longer have to pay hundreds of dollars for a ticket to see their favorite artists up close and personal. Instead, they can go to their local theater. Adam Aron, CEO of AMC Theatres, unveiled the launch of what it calls Arena One at AMC during the company’s May 5 earnings call. Aron said Arena One has a revenue share model where AMC retains a “significant” percentage of the admissions revenue and food and beverage sales in theaters, and Arena One will also get a “significant” share of the revenues. AMC will have the Arena One deal as exclusive to itself “for the foreseeable future.” The program is designed to offer a live concert experience at a more accessible price point than traditional concerts, especially when compared to the cost of attending a live show in person, including travel and accommodations.…