So you put down a $1k and discover six months later after it comes out that it's pretty popular....in fact, it's making tons of money. Your $1k....is now $2.5k. You more than doubled your money.
Well....some folks are working on a movie futures exchange. So far, not a single trade has occurred. Some senators and congressmen are seriously against it because they think it's corruption and greed written all over it. The other problem is that the studios tend to hide the success or failure of a movie....which makes a true box-office receipt questionable.
But onward we go with the development of this idea.
You have to admit....three or four times a year.....a movie comes out and it's really bigger than anyone thought it would be. Macon County Line was one of those movies that made a ton of money in 1974/1975. No one would have guessed that. Drive-in's were carrying it week after week....and people came back to watch it several times over the summer.
I have skepticism over the entire futures market. Doesn't matter if we are talking hogs, cotton, grapes, or peanuts. Anything can occur....and suddenly your $5k is worth $10k, or it's worth $2k. You tend to win big or lose big. That's not the kind of deal that you'd invest on.
So there's likely a couple of guys out there thinking of a neat movie title....."Flames over Boloxi", which involves a wrestler, a female nuclear physicist who strips on the side, a midget named Karl who write love poems, a retired NASCAR racer turned minister, and a Icelandic domineering gal named Val who continually winks at everyone (it's a physical disorder, not a love attraction). It's a guaranteed winner, and I'd have to lay down $3k on the movie futures market with this script.