Cantor Fitzgerald abandoning box-office futures despite regulatory approval.
Liberal politicians (sucking up to the Hollywood lobby) have managed to destroy one promising financial innovation applied to the movie business.
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Tag Archives: Motion Picture Association Of America
CFTC: 3-2 in favor of approval of movie contracts -SO FAR.
Hollywood clashed with Wall Street on Wednesday at a government hearing about the potential sale of futures contracts linked to box office receipts of major motion pictures.
The CFTC plans to hold a public hearing next week to examine the growing controversy surrounding a plan by two firms to offer futures contracts tied to box-office receipts.
Every investment in film is gambling.
A Case for Movie Futures –- by Buzz Potamkin, former studio executive and producer, in the biz for 40+ years, now a consultant
Felix Salmons hastily written NYT Op-Ed about the Cantor Exchange and MDEX
Watch the US House video instead. You will have more facts and more arguments.
Max Keiser: Cantor Exchange and Media Derivatives Exchange would be an insiders/traderss paradise.
Max Keiser –- 12:00 into (17,000 views already):
I disagree with Max that a prediction market quote can change perceptions that much.
What the Cantor Exchange (HSX) and the Media Derivatives Exchange (MDEX) really said to the US Congress about movie futures (a.k.a. box-office derivatives) – [VIDEO]
House Committee Agriculture @ US House Of Representatives:
Download this post to watch the video if your feed reader does not show it to you.
–-> Prof Schuyler Moore mentions InTrade 1:35 into.
Cantor Exchange and Trend Exchange defend the usefulness of movie hedging.
Lions Gate vice chairman Michael Burns said the markets “would allow a diverse group of motion picture industry participants, including studios, film distributors, theater owners, investors and other financial intermediaries within the motion picture industry to manage their risk and exposure to new film releases.”-
“We believe a market in domestic box office receipts would substantially widen the number and breadth of financing sources available to the motion picture industry by lowering the risk inherent in such financing,” Burns wrote.
Robin Hanson is in favor of movie business futures.
ADDENDUM:
– Jason Ruspini sends us the link of the Senate bill.