Michael Giberson Felix Salmon had an op-ed in New York Times on Hollywood’s opposition to the trading of future’s contracts based on box office receipts. Salmon said: In the 1950s, onion growers were often shocked at the low prices they were getting. Casting around for a villain to blame, they alighted on derivatives traders, and …
Michael Giberson As just noted, the CFTC has approved Media Derivatives request to establish Trend Exchange, a box office futures exchange. At Midas Oracle, Chris Masse reacts to the news by drawing attention to remarks by CFTC commissioners suggesting that it may be difficult for Trend Exchange to gain the subsequent CFTC approvals needed for …
Michael Giberson Today the CFTC approved Media Derivatives Inc.’s request to create a futures exchange based on box office receipts. The exchange “is primarily focused on the development of a variety of products to benefit the entertainment industry with one if its initially proposed products being designed to help mitigate risk and enhance the successful …
Michael Giberson Tyler Cowen links to a story in the New York Times detailing the opposition of the Motion Picture Association of America to two proposed markets for forecasting movie ticket sales. Of the objections noted in the article, Cowen thinks the key issue for Hollywood is the possibility of a poor market showing making …
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