Saturday, April 17, 2010
Back to the Future(s)
We have perhaps reached a tipping point in Hollywood, film investing can now have absolutely nothing to do with stories, or even making films (yes, I know what the cynical among you are thinking). The U.S. Commodity Futures Trading Commission approved creation of "a market for trading futures contracts based on the predicted box-office revenue of Hollywood movies." That's right, a film futures market. On the bright side, if you fund a film you will probably be able to hedge your investment and bet against your own film's profitability. It worked great for sub-prime mortgages!
Read about it here.
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