Have you seen The Producers? Either the 1968 film version with Gene Wilder, the Broadway run, or the Broadway-inspired 2005 film version? The story is about how two producers who realize they could make more money on a nfl throwback jerseys flop than a hit. Wall Street may soon profit on the performance of a film's opening weekend box office results, both flops and hits.
As we are still navigating through the advanced financial instruments that assisted our current recession, Wall Street may soon allow legal financial exchanges that bet on the future performance of major motion picture releases. According to a recent CNN article two new exchanges may have a good chance that providing a new way to make some cash on Hollywood.
Cantor Exchange and Trend Exchange are cheap nfl jerseys two new exchanges that recently won approval from the Commodities Futures Trading Commission, but faces opposition from Hollywood and the Senate Agricultural Committee, who is trying to introduce a ban on such exchanges.
Currently, Cantor Exchange is owned by Cantor Fitzgerald who runs HSX.com, which is a free, virtual novelty Hollywood Stock Exchange. This company has been test driving their exchange for many years now. The Cantor Exchange would allow traders to buy or sell contracts that predict a film's performance during the first 24 days of release for as little as $50. For each dollar in a given contract is the equivalent of $1 million in box office revenue, and contracts are determined by an initial first-day auction.
Trend Exchange will allow the sale of nfl jerseys contracts based on a film's performance during only the opening weekend and requires a minimum of $5,000.
According to the same article, "Proponents of the exchanges say that futures contracts can help Hollywood hedge its losses, essentially offering insurance that would allow risk to be defrayed to traders." Just like how financial companies and hedge funds invented many of the financial instruments and then bet against those very instruments, Hollywood could, if they wanted to, bet against their own films.
Being that most films lose money, it may be fairly easy to short a film's opening weekend or opening month performance.
Many websites that are dedicated to film are often fueled by hype and gossip regarding the actors, actresses, directors, and many other personnel involved in the industry. This news is often re-spun and aggregated creating large holes of information and gossip that is not always true. Essentially, trading motion picture futures may rely on the inaccurate information and news from these news-based websites.
If these two exchanges begin trading Hollywood futures contracts, the weekend will continue to be about what film made the most football jersey money during the weekend, and less about which film was the better. Monday mornings will be more about who scored profits on the performance of a film, rather than who was entertained by the stories these films told.
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