What do soybeans, greenbacks, and “Hangover 2” have in common?
The first two are commodities currently traded in the futures market - and they many soon be joined by Hollywood movies. According to an article in the 3/24 NYT:
“The Commodity Futures Trading Commission has been reviewing applications from two companies that, if approved, would open markets to trade movie contracts. Buyers and sellers on the markets would place money on whether a movie will sail or sink at the box office.”
Proponents argue that it will allow Hollywood studios and producers to spread the financial risk of a film. There is strong opposition, though, against the proposed markets by the MPAA and several industry unions.
For more info: ”A Place to Bet Real Money on Movies,” NYT, 03/10/10
