Box office futures
In finance, box office futures is a type of futures contract in which investors speculate on upcoming movies based on their predicted performance.[1]
United States
In the United States the idea of a
In 2007, Arizona-based entrepreneur Robert Swagger formed Media Derivatives Inc. (MDEX) with the goal of creating an electronic futures exchange for contracts based on box office results. The idea behind MDEX was that it could be used by large film studios to recoup some of the money invested in failing movies by shorting its film on the exchange. Around the same time, Cantor Fitzgerald revived its plans for a real-life HSX and tried to get regulatory approval for it.[2]
Before any actual listings or exchanges could be made, a group of film studios, which was led by
Despite initially obtaining approval from the
See also
- Box Office Pro
- Option (filmmaking)
References
- ^ a b Itzkoff, Michael Cieply; Compiled By Dave (17 July 2010). "ARTS, BRIEFLY; Bid To Trade Box Office Futures Dies". The New York Times. p. 2. Retrieved 19 August 2010.
{{cite web}}
: CS1 maint: multiple names: authors list (link) - ^ a b c d Raviv, Shaun (15 November 2018). "Box Office Bomb: The Short Life of Popcorn Prediction Markets". The Ringer. Retrieved 6 December 2019.
- ^ a b Fritz, Ben (2 July 2010). "Watching a huge bet on box-office futures go sour". Los Angeles Times. Retrieved 6 December 2019.
- ^ Harris, Mark (23 July 2010). "How the Failure of the Hollywood Stock Exchange Exposed the Movie Industry's Worst Fear". New York. Retrieved 6 December 2019.
- ^ Boorstin, Julia (29 June 2010). "The End of the Box Office Futures Business". CNBC. Retrieved 6 December 2019.
- ISBN 978-1-5013-1440-7.
- ISSN 0261-3077. Retrieved 6 December 2019.
- ^ Block, Alex Ben (14 June 2010). "Boxoffice futures market gets green light". The Hollywood Reporter. Retrieved 6 December 2019.
- ISBN 978-1-4786-0822-6.
Further reading