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.
This is not even remotely new, but with so many folks eagerly waiting for Ridley Scott’s film Alien: Convenant, which opens in May, it’s time to revisit this so you can laugh now and get freaked out later.
Writer and director William Peter Blatty, creator of The Exorcist, has died at age 89. Batty is best known for writing the story of poor, possessed Regan and her demonic resident Captain Howdy. He won an academy award for writing the screenplay for The Exorcist film in 1973. (Variety) Here is Blatty on The Tonight […]
Seeing more kickass women in films is a good thing, but Dominick Nero at Fandor noticed that their fighting style differs from men in one interesting way: their tendency to pinch their opponents in a scissor lock with their strong yet oh-so-supple thighs.
Computer hacking isn’t just something happening to the DNC. Major software companies need white-hat hackers to ensure the security of their products and users, and I came across a Computer Hacker Professional Certification Package that conveniently teaches those advanced IT techniques online.This course package will prepare you for various computer security certification exams with over 60 hours […]
One of the best ways to progress a career in project management is through earning recognized certifications. These certifications carry significant clout and don’t require expensive tuition or student loans. This Ultimate Project Management Certification Bundle is a great example of an affordable way to get ahead. It includes training for 9 certifications including PMP, […]
There’s nothing quite like the rush of playing against a real human opponent. But from a developer standpoint, creating fun multiplayer experiences is incredibly complex. Fortunately, the Unity3D game engine has made all aspects of game creation, including multiplayer functionality, as accessible as ever.This Unity Course Bundle introduces all of the necessary elements of creating […]