Summary Box: Hollywood hoping for a bomb in proposed betting for movies’ prospects
By APThursday, April 1, 2010
Summary Box: Proposed betting on ticket sales
THE PROPOSALS: Two exchanges where movie fans and investors alike could bet on expected box office receipts for upcoming releases.
THE OPPOSITION: The six major Hollywood studios denounce the concept as legalized gambling, even though it could help them reduce risks.
NEXT STEPS: The U.S. Commodity Futures Trading Commission is to rule this month.
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