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 … More Onions and motion picture box office receipts
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 … More Will the CFTC allow the newly approved box office futures exchange to actually offer box office futures contracts?
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 … More CFTC approves box office futures market
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 … More Prediction markets for movie box office: Manipulation! Insider Trading! Efficiency! and Twitter!
Michael Giberson In advance of the screening next week at SXSW, the Austin Chronicle presents a story about Haynesville and its director Gregory Kallenberg. Here’s a bit of it: The Rev. Reegis Richard was wandering through a field, hungrily eyeing a dilapidated former school and dreaming of the possibilities, when a Haynesville producer climbed over a … More More about the Haynesville documentary
Michael Giberson The documentary film Haynesville offers a view of the shale gas boom from the point of view of several landowners in northeastern Louisiana. One of the landowners is a sort of good-ol’-boy type who hung onto family land and added to it even as family members moved away. His 300 or so acres … More Many views on the Haynesville shale resource
Michael Giberson Just saw the movie Where the Wild Things Are. Fantastic. Wonderful. Amazing. Back when I was king, it was kind of like that. Only, I had more brothers and sisters when I was king, and they thought they were the king or queen, so it was complicated. And amazing. I’m not sure my … More “Where the wild things are”