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Make Money From Knowing The Sleeper Box-Office Hits And Duds!
| Good [+1]Toggle ReplyLink» Gamos replied on Mon Jun 14, 2010 @ 7:12pm |
 Coolness: 93550 | I'm not kidding. So, you know how all of us knew borat was going to be a hit? Apparently money executives did not, so it took a while for Sasha Cohen to find a studio to back his film. But what could you do about it? Nothing. Until now. Now you can profit from knowing such things!!!!
WASHINGTON (AP) -- Federal regulators on Monday allowed a new online exchange to proceed to trade future box-office receipts for movies. A divided Commodity Futures Trading Commission approved by the mandated deadline the proposed futures contracts for the new Trend Exchange. That means the movie futures trading can proceed. The vote was 3-2. Major Hollywood studios strongly oppose the idea. They say rival studios could sabotage films by betting against them. Two CFTC commissioners, Democrat Bart Chilton and Republican Jill Sommers, voted against approving the contracts for the Trend Exchange. "Popcorn prediction markets would serve no national public interest" and don't meet the law's requirements on how commodities are defined, Chilton said in a statement. Chilton said he also was troubled by whether the new futures trading would provide a legitimate way for the movie industry to hedge against risk, since the agency's approval limits the use of the new contracts by movie studios. Allowing future box-office receipts to be traded like crude oil or pork bellies would give people who finance movies a way to make money even when a film doesn't. It also could be used for speculation. Trading would be based on the amount of money a movie takes in during its opening weekend. The exchange would set the initial odds for contracts, but those odds would change based on bidding of investors. An investor who buys a contract with longer odds takes on greater risk and the potential to earn more money. For example, an investor thinks a movie will make at least $75 million in its first weekend. The exchange finds an investor who thinks the movie will fall short of that mark and the two investors enter the contract together. When the movie receipts come in, the one who is correct gets a percentage on top of his investment based on the odds received. The other loses his investment. Lol...this is going to be such an easy way to make money. [ www.cantorexchange.com ] So, what does ravewave think about Takers? |
| I'm feeling a overhang right now.. | |
| Good [+1]Toggle ReplyLink» basdini replied on Mon Jun 14, 2010 @ 7:15pm |
 Coolness: 145255 | this is such a bad idea
derivatives for movies? really? is there anything these assholes won't bet on... |
| I'm feeling surly right now.. | |
| Good [+1]Toggle ReplyLink» Gamos replied on Mon Jun 14, 2010 @ 8:40pm |
| Coolness: 93550 | Originally Posted By BASDINI
this is such a bad idea derivatives for movies? really? is there anything these assholes won't bet on... theyre not betting. Theyre hedging and investing. Theres a difference, dontcha know? |
| I'm feeling a overhang right now.. | |
Make Money From Knowing The Sleeper Box-Office Hits And Duds!
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