Bond traders Cantor Fitzgerald want to create a marketplace for trading box-office "contracts" -- bonds based on the performance of giant goofy Hollywood blockbusters. Max Keiser, founder of the old Hollywood Stock Exchange, has this to say: "HSX futures will actually drive the price of stars and the industry DOWN, just like introducing futures contracts in Japan in 1989 top-ticked that market and it dropped from 40,000 to 8,000 and never recovered... Hollywood studios will be able to 'short' their rivals stocks and thus drive prices lower for everything across the board. This is NOT GOOD for Hollywood. What file sharing leaves behind will get blown apart by studios shorting each other's projects trying to drive 'perception.' Just like in Japan: Cartels and Keiretsu who supported each other for decades turned on each other when annonymous futures gave them an opportuntiy to short each other without 'losing face.'"
Cantor Fitzgerald has filed an application with regulators to launch an exchange that will allow users to hedge and speculate on the financial performance of movies.
Cantor says that subject to approval from the Commodity Futures Trading Commission (CFTC), its exchange's first traded product will be "Domestic Box Office Receipt" contracts.
The contracts - expected to be listed in the first quarter of 2009 - will offer film finance professionals and traders an opportunity to hedge and speculate on the ticket sales of major film titles.
The house that starred as Marty McFly’s home in the Back to the Future trilogy is at 9303 Roslyndale Ave in Arleta, California. While “Back to the Future Part III” was in production, a neighbor shot the home video above of the actors on set. (via Reddit)
One of Princess Leia’s slave bikinis she actually wore in Star Wars Episode VI: Return of the Jedi sold for $96,000 at auction yesterday. No news on who bought it. The costume came complete with the collar and several links in the chain Leia used to strangle Jabba the Hutt. A 16″ model of Leia’s […]
For more than a decade, the UK movie industry makes a big deal out of announcing that audiences at the latest blockbuster movies will be surveilled by bored teenagers who get to LARP Buffalo Bill with greasy night-vision goggles that they’ll use to catch camming pirates.
Watching Netflix, Hulu or other streaming services can unfortunately be difficult while traveling outside the US. Rather than bypass these restrictions with the help of a complex and slow VPN, choose a faster and simpler solution with Getflix. Instead of rerouting all your Internet traffic through a different server, this handy service only routes the […]
Shake, stir, and muddle your way to delicious homemade cocktails with this must-have bar set. Expect only the finest quality tools from MakersKit — enabling you to unleash your inner mixologist.Top 12 Favorite Things of 2014, Sunset MagazineQuart-size vintage-style Mason jar shakerRetro double jigger for accurate measurementsStrainer & spouts for a mixologist-style smooth pourHardwood muddler […]
The Lytro Illum dares to be different, boasting even more robust features than its first generation predecessor and a sleek design reminiscent of professional DSLRs. What’s so cool about it? Most cameras capture the position of light rays, producing a statoc 2D image.