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Both Cantor and Veriana say that their exchanges are intended to give Hollywood investors a way to mitigate their risks. If a distributor has second thoughts about a movie, the company could short it on the exchange.

Both Cantor and Veriana say that their exchanges are intended to give Hollywood investors a way to mitigate their risks. If a distributor has second thoughts about a movie, the company could short it on the exchange.

Both Cantor and Veriana say that their exchanges are intended to give Hollywood investors a way to mitigate their risks. If a distributor has second thoughts about a movie, the company could short it on the exchange.

"We have so many other voices out there, [loosening ownership limits] does not stifle the free exchange of ideas out there anymore," said Rick Peters, president of Bluewater Broadcasting, a small Montgomery, Ala.-based radio company

FCC officials are looking at what the agency can do to improve the health of the newspapers, TV and radio stations, which continue to lose customers and advertising revenue to online competitors.

"Debt and equity providers are largely disinterested in media and broadcast properties," said Brian Rich, managing partner at Catalyst Investors, a New York private-equity fund.

The CFTC has until June 28 to decide on the first product put forward by The Cantor Exchange, which would be available to small investors and would be tied to the performance of a movie until four weeks after its initial release.

Google said on Tuesday that it was considering shutting down Google.cn and closing its offices in China after a cyber attack on its corporate infrastructure resulted in intellectual property loss. Google also said it would stop censoring search results on Google.cn. For the first time, reports and images of the Tiananmen Square massacre and other events could be seen through Google searches in China.

Chinese American media rushing to provide their analysis in the context of U.S.-China relations. “Google, Don’t become a tool in the political fight between the U.S. and China” read the headline of an editorial published Friday in China Press. “Though Obama tried to adapt to China’s increasingly powerful role in the world with a new attitude and said the United States would not repress China’s development, the differences in ideology between the countries continue to prohibit the U.S.-China relationship from moving forward,” the editorial argued.

“If the Chinese government just let it go, Google could stop its financial losses in China, which would be beneficial to its share price. If the Chinese government is willing to compromise, Google will become the ‘hero’ that breaks China’s strict control over Internet information.” Chinese investors, Leung noted, believe the absence of Google will actually benefit the local Internet market; the stock prices of Chinese Internet companies rose right after the announcement was made.

omments (23)

Furthermore, complaints about releasing data are laughable, because the data is already released, and a virtual trading system has existed for a 13 years without any problems (HSX). Cantor owns HSX, and HSX often predicts movie results more accurately than studio estimates, so the idea that these trading systems are designed around a faulty understanding of the movie industry is laughable. If anything, this is one of the most tested trading systems in the history of this country to ever go live. I cannot think of any other trading system we have that had 13 years of data on before people started trading it for real money.

I have worked in both industries as a futures trader and film producer. The people who criticize this practice don’t understand it. Futures markets where designed to reduce risk, starting with the grain markets a long time ago. If you could lock in a good price for grain and didn’t know what the future would be, but you knew what your costs were, you could lock in a profit while speculators could take on that risk. It’s a great idea for the film biz. There will be fewer box office disasters and more films greenlit because of the influx of investor dollars. Those who don’t want it are nervous that their accounting practices will be scrutinized and they SHOULD be nervous. I say bring this thing on!!