Liberal politicians (sucking up to the Hollywood lobby) have managed to destroy one promising financial innovation applied to the movie business.

Cantor Fitzgerald abandoning box-office futures despite regulatory approval.

CNBC: The End of the Box Office Futures Business

The Wrap

CFTC: 3-2 in favor of approval of movie contracts -SO FAR.

What was said at the CFTC hearing on movie futures.

Hollywood Reporter.

Business Week. More.

CFTC.

Hollywood clashed with Wall Street on Wednesday at a government hearing about the potential sale of futures contracts linked to box office receipts of major motion pictures.

&#8220-financial engineering synthetic derivatives&#8221-

More.

The CFTC plans to hold a public hearing next week to examine the growing controversy surrounding a plan by two firms to offer futures contracts tied to box-office receipts.

The CFTC plans to hold a public hearing next week to examine the growing controversy surrounding a plan by two firms to offer futures contracts tied to box-office receipts.

Every investment in film is gambling.

A Case for Movie Futures &#8211- by Buzz Potamkin, former studio executive and producer, in the biz for 40+ years, now a consultant

Felix Salmons hastily written NYT Op-Ed about the Cantor Exchange and MDEX

You will learn nothing.

Watch the US House video instead. You will have more facts and more arguments.

UPDATE: Mike Giberson has a remark on Felix&#8217-s piece.

Max Keiser: Cantor Exchange and Media Derivatives Exchange would be an insiders/traderss paradise.

No Gravatar

Max Keiser &#8211- 12:00 into (17,000 views already):

I disagree with Max that a prediction market quote can change perceptions that much.

What the Cantor Exchange (HSX) and the Media Derivatives Exchange (MDEX) really said to the US Congress about movie futures (a.k.a. box-office derivatives) – [VIDEO]

House Committee Agriculture @ US House Of Representatives:

Download this post to watch the video if your feed reader does not show it to you.

&#8211-> Prof Schuyler Moore mentions InTrade 1:35 into.

Via Paul Bleier on FaceBook.

Previously.

Cantor Exchange and Trend Exchange defend the usefulness of movie hedging.

No Gravatar

Lions Gate vice chairman Michael Burns said the marketswould allow a diverse group of motion picture industry participants, including studios, film distributors, theater owners, investors and other financial intermediaries within the motion picture industry to manage their risk and exposure to new film releases.&#8221-

“We believe a market in domestic box office receipts would substantially widen the number and breadth of financing sources available to the motion picture industry by lowering the risk inherent in such financing,” Burns wrote.

Robin Hanson is in favor of movie business futures.

ADDENDUM:

– &#8220-Geithner also rejected the ban on creating a movie futures market, saying you don&#8217-t want &#8216-Washington bureaucrats&#8217- stifling innovation.&#8221-

– Jason Ruspini sends us the link of the Senate bill.

Why Hollywood Doesnt Want You Betting on Hollywood

No Gravatar

http://www.vanityfair.com/online/oscars/2010/04/why-hollywood-doesnt-want-you-betting-on-hollywood.html