CFTC: 3-2 in favor of approval of movie contracts -SO FAR. Posted on May 20, 2010 by admin What was said at the CFTC hearing on movie futures.Hollywood Reporter.Business Week. More.CFTC. Related PostsThe 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.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]Every investment in film is gambling.
Where did you get those numbers? I read the hearing as 0-1 and 4 undecideds. Outside of Chilton, you can’t read too much into who asked which questions to whom.
Of course it may be a moot point unfortunately. I don’t know if the CFTC would spend the political capital to pry the Lincoln amendment from the bill. Or if they did, it may well be of the form “Look, we weren’t going to approve these contracts anyway, but we might approve one that applies to industry-wide receipts, so don’t tie our hands. We are the technical experts here..”
“Where did you get those numbers?” In the document I linked to.
I don’t agree with that interpretation. I wasn’t there, but it seemed the only Commissioner who clearly signaled an opinion was Chilton.
“3-2 in favor of approval of movie contracts”
That is what happened.