Cantor Fitzgerald abandoning box-office futures despite regulatory approval.
CNBC: The End of the Box Office Futures Business
A Case for Movie Futures –- by Buzz Potamkin, former studio executive and producer, in the biz for 40+ years, now a consultant
Watch the US House video instead. You will have more facts and more arguments.
Max Keiser –- 12:00 into (17,000 views already):
I disagree with Max that a prediction market quote can change perceptions that much.
House Committee Agriculture @ US House Of Representatives:
Download this post to watch the video if your feed reader does not show it to you.
–-> Prof Schuyler Moore mentions InTrade 1:35 into.
Lions Gate vice chairman Michael Burns said the markets “would 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.”-
“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.
– “-Geithner also rejected the ban on creating a movie futures market, saying you don’-t want ‘-Washington bureaucrats’- stifling innovation.”-
– Jason Ruspini sends us the link of the Senate bill.