4 ms·
There was some talk a few years ago about trading futures on movie box-office returns, meaning betting if a future movie will be successful at box-office or not
by 21 10y ago
There was some talk a few years ago about trading futures on movie box-office returns, meaning betting if a future movie will be successful at box-office or not. This supposedly would have allowed movie studios to hedge in case of a potential dud.
But it was forbidden for some reason.
This might be related to that.
- tedunangst 10y agoHollywood accounting is notoriously cooked, such that even blockbusters "lose" money. A futures market would be a disaster. Maybe if restricted to actual ticket sales, but that still seems very easy to manipulate. What constitutes an "actual" ticket?
- speeder 10y agoThere is a movie I believe, about scammers trying to use futures market to have illegal profits by betting on failure of their theatrical piece, and then making a piece thqt praises Hitler, hoping it would bomb really hard.
- arethuza 10y agoThat'll be "The Producers": https://en.wikipedia.org/wiki/The_Producers_(1968_film) https://en.wikipedia.org/wiki/The_Producers_(1968_film)