Betting on the Weekend Performance of Motion Picture Releases
Have you seen The Producers? Either the 1968 film version with Gene Wilder, the Broadway run, or the Broadway-inspired 2005 film version? The story is about how two producers who realize they could make more money on a flop than a hit. Wall Street may soon profit on the performance of a film’s opening weekend box office results, both flops and hits.
As we are still navigating through the advanced financial instruments that assisted our current recession, Wall Street may soon allow legal financial exchanges that bet on the future performance of major motion picture releases. According to a recent CNN article two new exchanges may have a good chance that providing a new way to make some cash on Hollywood.
Cantor Exchange and Trend Exchange are two new exchanges that recently won approval from the Commodities Futures Trading Commission,