The chairman-CEO of Media Derivatives on Tuesday hinted that a lawsuit against the Motion Picture Association of America could be in the wind, even as he promises to move forward with his plan to trade movie futures.
The comments came as a House-Senate Conference Committee nears a vote to decide whether to include a Senate ban on trading box office futures in Congress’ final package of financial reform.
The ban is not included in the House’s version of the bill.
Media Derivatives' Robert S. Swagger has been in Washington to lobby hard against its inclusion.
In a conference call on Tuesday, he called it “a huge uphill battle.”