ST Alpha - "So, I'm not very financially-knowledgeable, but can anybody tell me what's so "bad" about the Cantor market that has all of Hollywood up in arms?" (Reading a Post)

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So, I'm not very financially-knowledgeable, but can anybody tell me what's so "bad" about the Cantor market that has all of Hollywood up in arms?

Posted by celedhring Apr 20 '10, 16:34

I understand it's probably just a thinly veiled gambling operation since no real commodities are traded. But what are the "disastrous consequences" that I see bandied about every time I read about it? Bad press for a movie if its price is low? Insider trading? Honest question, since the ramifications of this kind of stuff often escape me.

Responses:

They're still bitter about the orange fiasco. -- nm - CovingtonCat Apr 20, 16:44
so far the only harmful effect i can tell is the negative perception that a low share price would have on a film's opening prospects - the 40 year old virgin Apr 20, 16:39
Insider trading is a main one. and a possibility of them making profit off a loss. - the liioulu with Apr 20, 16:39 1
- Link above -- nm - the liioulu with Apr 20, 16:59
People are making money off their product and they're not getting a cut. If they got a cut, they'd be happy. -- nm - Mop (222 lbs) Apr 20, 16:37 1
- They can invest in the HSX market. Maybe it was in the NYT but it said that it could be used as a way to minimize some losses. -- nm - the liioulu with Apr 20, 16:41
because they are doing all the work of making movies and new york is somehow making money that hollywood doesn't get a cut of -- nm - zeitgeist Apr 20, 16:37 1
- *high five* -- nm - Mop (222 lbs) Apr 20, 16:38
same reason they got Max kicked off Access Hollywood back in the day when he was talking about what traders thought of projects... - Remlik Apr 20, 16:37 1
- and I would have gotten away with it too, if it weren't for those meddling kids. -- nm - Max Apr 20, 17:54
The studios have their reasons. Their reasons are often not grounded in reality. -- nm - Beryllium Apr 20, 16:35

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So, I'm not very financially-knowledgeable, but can anybody tell me what's so "bad" about the Cantor market that has all of Hollywood up in arms?

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