The Hollywood Stock Exchange (HSX) has been around since 1998. This website allows people to purchase and sell virtual shares of movies and actors.
How Does it Work?
Whenever you sign up for HSX, you are given 2,000,000 virtual dollars to begin with. You can then make use of this money to purchase stocks ดูหนังHD of upcoming movies. The same as in the actual stock market, each movie has its IPO (initial public offering). If an investment comes with an IPO of $35, then that means that it is estimated to gross $35 million at the box office. If you were to think that it will make more money than this, then you should buy the stock.
Usually the IPO for an investment will occur far before its release date. Sometimes an effective movie’s sequel will be added to the stock exchange many years before it really gets made. As much as the release of the movie, the stock will progress or down with regards to the demand for the stock. Depending on what the stock performs at the box office, the stock will eventually settle, and the value will be deposited in the user’s account.
So if we’d bought 100 shares of this $35 IPO, and it wound up making $50 million at the box office, you’d be given a $15 profit per share. If you were to think a film will perform poorly at the box office, you can 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 lot of profit. Major Hollywood production companies have increasingly turned to HSX to obtain an exact estimate of how much cash they can expect to create with a certain movie. It has even shown to be extremely accurate at choosing Oscar winners over the years.
How Can You Make Money with HSX?
People have always been able to make money with HSX over the years. Some of the top accounts have been sold on eBay and other auction sites for a large number of dollars. However, there’s a fresh development which 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 can be slowly moving from the virtual-money model and can become a genuine market.