(Source: TheFilmStage.com) The Playlist brings us some news on the highly anticipated film, Gravity. The film will start shooting this summer and star Robert Downey Jr. and be directed by Alfonso Cuaron (Children of Men). Downey Jr. will start shooting but will have to leave halfway through to go shoot Sherlock Holmes 2 for director Guy Ritchie.Furthermore, we also learn that the film will be made up of CGI, or at least 60% of it will be. This could lead to a very interesting film in terms of visuals, especially with Cuaron behind the lens.
(Source: AP) Federal regulators on Monday allowed a new online exchange to proceed to trade future box-office receipts for movies.
A divided Commodity Futures Trading Commission approved the proposed futures contracts for the new Trend Exchange. That means the movie futures trading can proceed; it is expected to begin sometime in the third quarter.
Major Hollywood studios strongly oppose the idea. They say rival studios could sabotage films by betting against them.
In giving its approval, the CFTC said it found that box-office receipts fit the law’s definition of a commodity, that the Trend Exchange contracts aren’t “readily susceptible” to manipulation, and they provide a way of managing risk.