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.
Star Wars: Rogue One director Gareth Edwards tells the fascinating backstory behind Darth Vader’s brutal stroll down the hallway in Rogue One. (Wired) And if you missed it yesterday, check out the Star Wars: Rogue One ending flow into A New Hope beginning.
Johannes writes, “Finally! My award-winning nerd culture documentary TRACEROUTE (previously) can be downloaded on Vimeo On Demand. It was quite a challenge to create it, and huge thanks to all the folks who supported me… including, of course, the Boing Boing crew. I hope you consider buying or renting it. And in case you want […]
What could be more fun than a slingshot that shoots tiny airplanes? A slingshot that shoots tiny glowing airplanes of course! These toy planes are outfitted with ultra-bright LEDs, so you can fly all night without losing them in the trees.Whether you are a regular-sized child, or an overgrown adult one, these light-up flyers offer […]
You know the drill. You go to the dentist and they ask you how often you floss. You lie through your teeth and say, “every day!” (Bonus points if you have some cilantro or chives stuck in your gums from lunch). You don’t want to keep up the charade any longer, but rubbing that tiny strand […]
The Raspberry Pi Foundation has done outstanding work packing a fully capable desktop computer into a package the size of a deck cards—especially one that only costs $35. But if you already have a working laptop, why should you care? Oh, how much you have to learn. Besides operating well as a compact digital media hub, […]