The Hollywood Stock Exchange (HSX) has been around since 1998. This site allows people to buy and sell virtual shares of movies and actors.
How Does it Work?
Whenever you subscribe for HSX, you’re given 2,000,000 virtual dollars to begin with. You can then use this money to buy stocks ดูหนังHD of upcoming movies. The same as in the actual stock market, each movie has its IPO (initial public offering). If a share comes with an IPO of $35, then meaning that it is estimated to gross $35 million at the box office. If you believe so it will earn more money than this, then you can purchase the stock.
Usually the IPO for a share will occur far before its release date. Sometimes an effective movie’s sequel will undoubtedly be put into the stock exchange a long time before it actually gets made. Up to the release of the movie, the stock will move up or down with respect to the demand for the stock. Depending how the stock performs at the box office, the stock could eventually settle, and the worth will undoubtedly be deposited back in the user’s account.
So if we had bought 100 shares of this $35 IPO, and it finished up making $50 million at the box office, you would be given a $15 profit per share. If you believe a movie will perform poorly at the box office, you may also sell the stock short and profit when it goes down.
People who bet big on Avatar before it was released could actually make quite a bit of profit. Major Hollywood production companies have increasingly turned to HSX to have an accurate estimate of how much money they can expect to make with a specific movie. It has even which may be extremely accurate at choosing Oscar winners over the years.
How Can You Make Money with HSX?
People have always been in a position to make money with HSX over the years. Some of the top accounts have been obsessed about eBay and other auction sites for 1000s of dollars. However, there is a new development which has caused everyone to turn their heads and take notice of HSX.
Beginning April 20th, 2010, HSX will become a real-money official derivative exchange underneath the regulation of the US Commodity Futures Trading Commission. What this means is that they can be slowly moving far from the virtual-money model and will become a real market.