[Update] Box Office Returns - Weekend 6/12/09-6/14/09

Thanks goes to an acute, vocal, observer on Intrade's forum for bringing this to my attention. Apparently, there is a big new player in the entertainment markets. According to "MoneyMetalBets" he has up to $13,000 in Margin just in bids for Transformers right now.

There have been some users who made lines in previous Box Office Contracts but nothing of this magnitude. The only user I know of who could do this is Jesse Livermore over at WiserThantheCrowd but he doesn't like to mess with Entertainment contracts usually.

We should get Weekend Actuals for the movies this weekend in a couple of hours. Stay tuned for weekend analysis and a preview for next week.

[Update: 5:01PM]

Actuals are in.

"Pelham 1,2,3" made $23,373,102, which is even lower then what I thought the movie could make but it was very in line with what other Denzel Washington movies have made. John Travolta wasn't able to give it the bounce that I had anticipated earlier but this is a good thing considering I had decided to go short.

"Imagine That" made $5,503,519. Another bomb for Eddie Murphy, he has to be very careful what type of movie he makes next.

This week we will have "The Proposal", a chick flick which looks to be out "Year One." Here is where current tracking has these movies headed. RS has been pretty off in the past couple weeks. So don't take this information as written in stone. If tracking was right then predicting movies wouldn't be so damn hard.

RS
The Proposal: Between 26-29
Year One: Between 16-19

MTC
The Proposal: 30
Year One: 21

I don't have access to tracking directly so this might not even be true but I know that the source that releases them on the web has been correctly reporting one tracking service. It stands to reason that he would be honest about the other one.