CFTC Approves Box Office Receipt Contracts Submitted by Media Derivatives
Washington, DC – The Commodity Futures Trading Commission today found that the terms and conditions of the proposed Weekend Motion Picture Revenue futures and options contracts submitted by Media Derivatives, Inc. (MDEX) do not violate the Commodity Exchange Act or the Commission’s Regulations thereunder. The contracts (commonly referred to as “movie futures”) consist of a collared futures contract and a binary call option contract on Opening Weekend Motion Picture Revenues for the motion picture, Takers. The contracts are intended to allow participants in the motion picture industry to manage the financial risks associated with the production and distribution of motion pictures.
R. David Gary
Last Updated: June 14, 2010