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Futures trading on movie ticket sales?
Posted by man117 on 4/17/10 at 12:37 am00
What will these guys think of next?
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.
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.
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re: Futures trading on movie ticket sales?Posted by sneakytiger 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?
re: Futures trading on movie ticket sales?Posted by kfizzle85 on 4/17/10 at 10:32 pm to sneakytiger
Starts with a G, ends with a Sachs.
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.
re: Futures trading on movie ticket sales?Posted by LSURussian 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
re: Futures trading on movie ticket sales?Posted by ProjectP2294 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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