While a decision on whether movie futures contracts based on boxoffice will begin trading still pending before the Commodities Futures Trading Commission, a bipartisan group of 40 congressmen have signed a letter to the House committee that oversees the federal commission "to express significant concern" and "offer our support for efforts to ensure that such futures markets do not become operational."
Among the members of Congress who signed the letter dated June 8 are Howard Berman (D-Calif.), Joe Barton (R-Texas), Brad Sherman (D-Calif.), Roy Blunt (R-Mo.), Mary Bono-Mack (R-Calif.), and Dan Maffei (D-n.Y.).
The letter is part of an effort by the MPAA and others opposed to movie futures trading to stop the plans by two companies that want to offer such contracts to institutional and private investors. Backers have said the futures market would be a way for movie companies and others to hedge their bets and protect their investments.
Among the members of Congress who signed the letter dated June 8 are Howard Berman (D-Calif.), Joe Barton (R-Texas), Brad Sherman (D-Calif.), Roy Blunt (R-Mo.), Mary Bono-Mack (R-Calif.), and Dan Maffei (D-n.Y.).
The letter is part of an effort by the MPAA and others opposed to movie futures trading to stop the plans by two companies that want to offer such contracts to institutional and private investors. Backers have said the futures market would be a way for movie companies and others to hedge their bets and protect their investments.
- 6/10/2010
- by By Alex Ben Block
- The Hollywood Reporter - Movie News
Beijing -- After last year's Olympics drew global attention to China's shining modernity, 2009 proved a year of firsts for Hollywood studios trying to break into -- and ring serious returns from -- the planet's fastest-growing movie market.
Boxoffice is booming, up an average of 25% during each of the past five years. The screen count is expected to reach 6,000 -- by comparison, there are about 40,000 in the U.S. -- by the end of next year. With 1.3 billion people, there's plenty of room for growth: The country's overall economy is set to expand 8% this year, its banks are granting film loans and the government is encouraging co-productions.
Hollywood prospectors began mining in January, when Sony Pictures Home Entertainment opened its first Blu-ray factory in China -- in Shanghai -- with the aim of releasing 100 titles by year's end to tempt the growing number of Chinese willing to spend up to $30 a disc,...
Boxoffice is booming, up an average of 25% during each of the past five years. The screen count is expected to reach 6,000 -- by comparison, there are about 40,000 in the U.S. -- by the end of next year. With 1.3 billion people, there's plenty of room for growth: The country's overall economy is set to expand 8% this year, its banks are granting film loans and the government is encouraging co-productions.
Hollywood prospectors began mining in January, when Sony Pictures Home Entertainment opened its first Blu-ray factory in China -- in Shanghai -- with the aim of releasing 100 titles by year's end to tempt the growing number of Chinese willing to spend up to $30 a disc,...
- 12/10/2009
- by By Jonathan Landreth
- The Hollywood Reporter - Movie News
The latest addition in the New Zealand Federation Against Copyright Theft's public education drive aims to spread the anti-piracy message at the cinema this school holiday season.Children watching the latest releases at their local cineplex over the coming weeks will receive the comic book, Escape from Terror Byte City, which was launched at Wellington's Reading Cinema by Motion Picture Association executive vice-president and chief policy officer Greg Frazier."Raising the level of awareness around piracy's effects - particularly among the young - is ...
- 9/29/2009
- BusinessofCinema
Michael O'Leary has been promoted to executive vp government relations at the MPAA, and Greg Frazier has been named executive vp and chief policy officer.
MPAA chairman and CEO Dan Glickman announced the two promotions Friday.
In his new role, O'Leary -- who previously served as senior vp for the association's federal advocacy department -- will work with Glickman to develop and implement the association's domestic government policy priorities. He also will oversee all federal and state legislative and regulatory strategies. He
"Michael has been integral to many of the MPAA's legislative and regulatory achievements over the past several years and in his new, expanded role he will continue to lead our U.S. government affairs team to success in its advocacy efforts," Glickman said. "In today's declining economic environment it is vital to have strong leadership such as Michael's as we advocate our industry's key role in the...
MPAA chairman and CEO Dan Glickman announced the two promotions Friday.
In his new role, O'Leary -- who previously served as senior vp for the association's federal advocacy department -- will work with Glickman to develop and implement the association's domestic government policy priorities. He also will oversee all federal and state legislative and regulatory strategies. He
"Michael has been integral to many of the MPAA's legislative and regulatory achievements over the past several years and in his new, expanded role he will continue to lead our U.S. government affairs team to success in its advocacy efforts," Glickman said. "In today's declining economic environment it is vital to have strong leadership such as Michael's as we advocate our industry's key role in the...
- 2/27/2009
- by By Gregg Kilday
- The Hollywood Reporter - Movie News
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