The Hollywood Stock Exchange (HSX) has existed since 1998. This website allows people to purchase and sell virtual shares of movies and actors.
How Does it Work?
Whenever you subscribe for HSX, you are given 2,000,000 virtual dollars to begin with. Then you’re able to use this money to purchase stocks ดูหนังHD of upcoming movies. Just like in the actual stock market, each movie has its IPO (initial public offering). If an inventory posseses an IPO of $35, then meaning that it is estimated to gross $35 million at the box office. If you were to think so it will earn more money than this, then you can purchase the stock.
Usually the IPO for an inventory will occur far before its release date. Sometimes an effective movie’s sequel is likely to be included with the stock exchange many years before it really gets made. As much as the release of the movie, the stock will move up or down depending on the demand for the stock. Depending how the stock performs at the box office, the stock will eventually settle, and the worthiness is likely to be deposited back the user’s account.
So if we had bought 100 shares of the $35 IPO, and it finished up making $50 million at the box office, you’d get a $15 profit per share. If you were to think a video will perform poorly at the box office, you may also sell the stock short and profit when it goes down.
Individuals who bet big on Avatar before it was released were able to make a great deal of profit. Major Hollywood production companies have increasingly considered HSX to obtain an accurate estimate of how much cash they could expect to produce with a certain movie. It has even shown to be extremely accurate at choosing Oscar winners on the years.
How Can You Make Money with HSX?
People have been able to make money with HSX on the years. A number of the top accounts have been obsessed about eBay and other auction sites for 1000s of dollars. However, there is a new development that has caused almost everyone to show their heads and take notice of HSX.
Beginning April 20th, 2010, HSX can become a real-money official derivative exchange under the regulation of the US Commodity Futures Trading Commission. What this means is that they will be slowly moving far from the virtual-money model and can become a genuine market.