Sometimes you read an article and realise that somewhere people invent money. I dont mean designing there own notes, i mean inventing markets that can make or lose millions. I saw this article in the New York Times and after reading it i am still aghast. Basically hedging movie contrats based on how successful a film would be.
http://www.nytimes.com/2010/04/08/business/media/08futures.html?src=mv&ref=business
The thing that jumps out is how easy it would be to manipulate,
While the industry’s opposing comments were not yet final on Wednesday afternoon, Mr. Pisano and others said they were expected to cite a host of potential problems. Those include the risk of market manipulation in the rumor-fueled film world, conflicts of interest among studio employees and myriad contractors who might bet with or against their own films, the possibility that box-office performance would be hurt by short-sellers, difficulty in getting or holding screens for films if trading activity indicated weakness and the need for costly internal monitoring to block insider trades.
Sweet Jesus - they could sink the next Citizen Kane before it even was made but get the next Clash of the Titans to be the highest movie going
Eventually it will all be 3D blandness
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