Hollywood Movies Futures contract (seriously)
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Hollywood Movies Futures contract (seriously)
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Hollywood Movies Futures contract (seriously)

  #1 (permalink)
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Hollywood Movies Futures contract (seriously)

source: nytimes.com


Quoting 
In the real market, contracts on the Cantor exchange will trade at $1 for every $1 million a movie is expected to bring in — a figure determined by traders — at the domestic box office during its first few weeks in theaters. So if “Robin Hood” is expected to bring in $100 million in its opening weeks, a single contract could be bought for $100 by a trader who thinks Russell Crowe’s role in the movie will drive sales far above expectations. If that trader guesses right, and the movie sells $150 million in tickets, the trader makes $50.

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  #2 (permalink)
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  #3 (permalink)
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Hey Big Mike

I have a friend that does something similar to this but with the music industry.

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  #4 (permalink)
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Soooooo is it time to start writing off my movie tickets and popcorn as business expenses? If so - i'm ALL FOR IT!

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  #5 (permalink)
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I actually want to bet on an actor/actress directly but betting on a movie makes sense too.

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I like movies, progress of actors, I will have a look on this! Thanks for a tip. Is using this someone?

R.

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  #7 (permalink)
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"A new law has been enacted by Congress that bans trading of futures contracts based on motion picture box office receipts, which was the first contract that Cantor Exchange had anticipated making available to its participants. This legislation has caused us to postpone any trading of box office receipt contracts for an indefinite period of time." Source: Cantor Exchange - Home

Usually this means some group with political pull got this law passed. Does anyone know who stands to benefit from this? Is this just Wall Street nipping some potential competition in the bud or did someone in Hollywood have a reason to shut this down? Curious if anyone knows the motivations behind killing this idea.

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  #8 (permalink)
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GoldStandard View Post
"A new law has been enacted by Congress that bans trading of futures contracts based on motion picture box office receipts, which was the first contract that Cantor Exchange had anticipated making available to its participants. This legislation has caused us to postpone any trading of box office receipt contracts for an indefinite period of time." Source: Cantor Exchange - Home

Usually this means some group with political pull got this law passed. Does anyone know who stands to benefit from this? Is this just Wall Street nipping some potential competition in the bud or did someone in Hollywood have a reason to shut this down? Curious if anyone knows the motivations behind killing this idea.

I think it was a concern about regulation issues. To easy to manipulate the product.

There are sites where you can bet on when a famous person will die. What if you could trade contracts based on that? Would that be a good idea?

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #9 (permalink)
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Fun thread :-)

Most banks that do enter this business are providing funding to financiers.

Betting on the success of a film seems pretty predicable, in most cases you'd never create a market, people will either highly sell or highly buy the product. Without a market you've got nothing to trade, except popcorn futures maybe :-)

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