Source: Hollywood Reporter
Last month I wrote about the possibility of Hollywood Futures and their negative affects they could have on the film industry. As a sort of win, the Cantors Futures exchange will not be continuing with their plans. An inpending ban on motion picture futures contracts has stopped the futures exchange from continuing on, despite recieving approval from the Commodity Futures Trading Commission (CFTC).
The ban for such types of futures trading is a part of the financial reform bill that cleared committee, President Obama says he will sign it into law.
There is no word on whether Trend Exchange will continue as well.
This is excellent news as we can continue wondering why Hollywood has pumped out absolute junk this year (so far), rather than concerning themselves solely on opening weekend box office results.