A Case for Movie Futures –- by Buzz Potamkin, former studio executive and producer, in the biz for 40+ years, now a consultant
I disagree with Max that a prediction market quote can change perceptions that much.
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–-> 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.
– Jason Ruspini sends us the link of the Senate bill.