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I just want a token that represents a claim on the movie rights.
by kevinventullo 3y ago
I just want a token that represents a claim on the movie rights.
- kylebenzle 3y agoInterestingly its specifically illegal to trade movie futures so a securitized token would not be allowed. 1. https://en.wikipedia.org/wiki/Onion_Futures_Act https://en.wikipedia.org/wiki/Onion_Futures_Act
- Scoundreller 3y agoWhat if it was based in the Bahamas?
- cmcaleer 3y agoThe onion stuff sounds bad but movie futures sound fine? Wouldn't it be good for studios to be able to hedge? I'm a little confused as to what the instrument is actually for, were it not for this law could I, like, short The Marvels?
- kylebenzle 3y agoIt would be horrible and too easy to manipulate, think a fighter taking a dive. Say the Marvels is coming out, Brie Larson knows everyone hates her and she's a bad actor so it will probably flop. Brie takes out a $10 million short on her own movie. Now she has an incentive to be horrible so she acts EXTRA bad and treats people even worse than usual to be sure it flops.
- kevinventullo 3y agoIs this any different than the incentives set up by conventional publicly listed companies? Like a CEO in principle could “take a dive” but their compensation discourages that.
- tylerhou 3y agoCEOs are also usually not allowed to take short positions in the company they head. Analogously, actors should not be allowed to short movie futures they act in.