You can lie to the press, to your actors, to your wife … but this could send you to jail
News item: TheWrap 4/17: “As Film Futures Trading Clears One Hurdle, New Battle Flares.” “The move came the same day the Commodity Futures Trading Commission unanimously approved the creation of one of two proposed markets that backers say would allow movie studios and financiers to hedge the risk of their investments in motion pictures.”
News item: L.A. Times, Monday, 4/19 “Not Much of a ‘Kick’: The teen superhero film ends up in a tie with the 3-D ‘How to Train Your Dragon.’”
News item: TheWrap.com, 4/19 “Final Box Office: ‘Kick-Ass’ Overtakes ‘Dragon.’”
Let’s be honest here — have you ever seen so much tsuris over a lousy $100,000 at the box office? And I speak as a journalist covering the business, a former studio executive and a present-day producer. This has nothing to do with CFTC legalities; it simply has to do with studio execs lying.