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Hollywood studios protest movie futures trading approval

18th June 2010 9:35 am GMT
An entertainment industry coalition of Hollywood studios has urged the U.S Congress to finalise a ban on futures trading on film revenues after the Commodity Futures Trading Commission (CFTC) this week approved the proposed futures contracts for the new Trend Exchange which allows for betting on motion picture box-office numbers.

Despite opposition from the Directors Guild of America (DGA), the Independent Film and Television Alliance (IFTA), the International Alliance of Theatrical Stage Employees (IATSE), the Motion [...]

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