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Message
Futures trading on movie ticket sales?
Posted on 4/17/10 at 12:37 am
Posted on 4/17/10 at 12:37 am
What will these guys think of next?
2
Posted on 4/17/10 at 6:16 am to man117
quote:
Los Angeles
Member since Jul 2009
8 posts
Posted on 4/17/10 at 12:47 pm to foshizzle
What 
I'm not from LA, I'm a recent ME grad from LSU out here in socal. I lurk here. I just think it's a bad idea, was wondering what some people thought about it.
I'm not from LA, I'm a recent ME grad from LSU out here in socal. I lurk here. I just think it's a bad idea, was wondering what some people thought about it.
Posted on 4/17/10 at 2:57 pm to man117
Come March Madness, we used to trade instead of doing brackets. It was pretty cool. The winning team ends up worth $64 and all other teams end up worthless. You could buy and sell all teams. I used to buy the 8 seeds and lower for a total of $1.
Posted on 4/17/10 at 4:47 pm to Tiger JJ
I just brought it up because the local media has been running stories about it. Some company is opening an exchange on it since it was approved by the SEC or something. I don't really know a lot about the stock market so I have never heard of anything like this.
Posted on 4/17/10 at 10:26 pm to man117
Here you go
I just don't see how it will work, there's no market for it. I'm sure a studio would love to hedge their risk of producing a flop, but who's the counterparty that takes the other side?
I just don't see how it will work, there's no market for it. I'm sure a studio would love to hedge their risk of producing a flop, but who's the counterparty that takes the other side?
Posted on 4/17/10 at 10:32 pm to sneakytiger
Starts with a G, ends with a Sachs.
Posted on 4/17/10 at 11:21 pm to kfizzle85
That's what is interesting to me. Right now studios prefer quantity over quality. It'll just get worse because now when they make a bad movie they may actually profit from it if they find a sucker to bet them on it.
Posted on 4/17/10 at 11:26 pm to man117
quote:Neither does anyone else.....
I don't really know a lot about the stock market
Posted on 4/18/10 at 2:17 pm to Tiger JJ
quote:
Come March Madness, we used to trade instead of doing brackets. It was pretty cool. The winning team ends up worth $64 and all other teams end up worthless. You could buy and sell all teams. I used to buy the 8 seeds and lower for a total of $1.
We did it for the NFL playoffs. Have an auction and then a secondary market. I bought the Ravens at auction for 6 bucks and turned around and sold 'em for twelve after they won in the WC round. We did it again for the NCAA tourney, but I missed that auction.
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