April 19, 2010
There’s been much reporting but little analysis/commentary about movie box office futures in recent weeks. Here’s something that caught Jabcat’s eye. A piece titled Wall Street’s Revenge on Hollywood. It’s a guest post on Naked Capitalism written by Gonzalo Lira, American born, living in Chile. It offers a strong point of view, arguing that box office futures are Wall Street’s revenge for all the money lost investing in films when Hollywood came calling in the past.
The efforts of Cantor Exchange and MDEX (Trend Exchange/TrendEx) continue to offer box office futures and gain approval of their exchanges/products by the Commodity Futures Trading Commission (CFTC). As does Hollywood’s last minute push to defeat what seemed inevitable just a few short weeks ago. On Friday April 16, 2010, MDEX recieved regulatory approval as a designated contract market, but the fight continues as specific products based on box office revenues still need approval before they can be traded on TrendEx or Cantor Exchange.
In the meantime, analysis and commentary from keen observers who offer points of view different from those set forth by Cantor/MDEX/Hollywood in regulatory filings and official comments sent to the CFTC, are a welcome addition to the continuing debate about movie box office futures.
Visit Jabcat’s Box Office Futures Page for more.
