Trading is halted on the day the movie is widely released

Trading is halted on the day the movie is widely released. The halt price thus is the latest
available expectation of the movie's success prior to its release. CLDMT's halt price was H$44.68.
Immediately after the opening weekend, MovieStock prices are adjusted based on actual box office
grosses. Here, a set of standard multipliers come into play.3 CLDMT's holiday weekend box office
was over $19 million, and its multiplier was 2.4, leading to an 'adjust' price of H$46.55. Once the
price is adjusted, trading resumes. MovieStocks for widely released movies are delisted four
weekends into their theatrical run, at which time their delist price is calculated and stockholders
receive their payout. When CLDMT delisted on January 20, 2004, the movie had collected $65.97
million in box office revenues; its delist price therefore was H$65.97. The movie eventually earned
over $95 million in its run in U.S. theaters.

HSX MovieStock prices reflect expectations of box office revenues generated in the first four weeks of a movie’s release. For example, a price of H$45 corresponds with cumulative grosses of $45 million at the end of the fourth week. Each trader, provided he or she has sufficient funds,
can own a maximum of 50,000 shares of an individual MovieStock, and buy, sell, short or cover securities at any given moment. Trading starts when the MovieStock has its official IPO on the HSX market, which usually happens months, sometimes years, prior to the movie's theatrical release.
CLDMT began trading in March 1998, well over four years prior to its theatrical opening. Initially, traders may have little information to base their betting decisions on. When CLDMT debuted on the market, they may have known only that United Artists had bought the screen rights to the debut
novel by Charles Frazier, the book was a love story set in the Civil War, and Tom Cruise was one of the actors considered for the male leading role. More information will reach traders in subsequent
months. Trading usually peaks in the days before and after the movie's release. For instance, the day
before its opening on December 25, 2003, over 14 million shares of CLDMT were traded.

the simulated market appears reasonably efficient and accurate in its predictions,

the simulated market appears reasonably efficient and accurate in its predictions, which
makes it a suitable setting for this study. For instance, Pennock, Lawrence, Giles and Nielsen (2001a;
2001b), who comprehensively analyzed HSX's efficiency and forecast accuracy immediately before a
movie’s release, find that arbitrage closure on HSX is quantitatively weaker, but qualitatively similar,
relative to a real-money market. They also show that HSX forecasts perform competitively in direct
comparisons with expert judges. Elberse and Eliashberg (2003), Spann and Skiera (2003), and, for a
larger pre-release period, Elberse and Anand (2005) provide further evidence that HSX traders
collectively produce relatively good forecasts of actual box office returns (also see Hanson 1999,
Gruca 2000, and Wolfers and Zitzewitz 2004).

The Hollywood Stock Exchange

The Hollywood Stock Exchange
The primary data source is the Hollywood Stock Exchange (HSX, www.hsx.com), an online market
simulation focused on the movie industry. As of January 2005, it had over 500,000 registered users
(“traders”), a frequent trader group of about 80,000 accounts, and approximately 19,500 daily unique
logins. New users receive 2 million 'Hollywood dollars' (denoted as "H$2 million") and can increase
the value of their portfolio by, among other things, strategically trading “MovieStocks” and
“StarBonds”. The trading population is fairly heterogeneous, but the most active traders tend to be
heavy consumers and early adopters of entertainment products, especially films.
HSX is not a real stock market: it revolves around fake money, all traders start with the same
capital when they first join, the pricing of “stocks” is governed by a “market maker” based on
computer algorithms (as opposed to pure supply and demand dynamics), and “stocks” have a finite
horizon in that trading comes to an end when the movie has played in theaters for some time.

Tiwri Kanika, a girl of 15 years, the city of Lagos

Tiwri  Kanika, a girl of 15 years, the city of Lagos,
has the opportunity to live, when he was  chosen to play the younger sister of Bollywood star Hrithik Roshan upcoming movie Agneepath.  Kanika who was studying in class 11 Sharda Vidya Mandir, Bhopal selected after the test and 6,500 girls.

Agneepath, a remake of the 1990 film starring Amitabh Bachchan has the same name, on 26 published in January.

"I want to cultural activities can participate in the school. Participated in the not too happy. My toilet Teachers Ravindra Mathur said in the hearing, the Dharma production, I was looking for the girl's younger sister Hrithik Roshan participate in part," said Kanika.

Bollywood hunk John Abraham and avid cyclist, the brand ambassador of Yamaha Motors, announced Scooty girls,

Bollywood  hunk John Abraham and avid cyclist, the brand  ambassador of Yamaha Motors, announced  Scooty girls,  one of the companies.
"I'm a fan of Yamaha in the last 7 years. My relationship with the brand is growing by the day. My last film, Desi Boyz, the teacher asked me to take another bike, and I refused, and it was my own Yamaha V-Max. First bike was a Yamaha RD 315 and everything started from there, "said John, as the first presentation," he pink "Yamaha.
Bollywood actor Ranbir Kapoor, the brand ambassador for the Nissan brand is represented in India, also stopped to visit the company's pavilion at the Expo.

B-Town more glamorous Auto Expo 11

B-Town more glamorous Auto Expo 11.

First day of Auto Expo on 11 some of the biggest names in the B-Town, including megastar Amitabh Bachchan, Ranbir Kapoor and John Abraham by glamor of Bollywood in the lounge car.
Other celebrities who flew into the capital to support their favorite brands were palpitations Ranbir Kapoor, Katrina Kaif and actor-director Farhan Akhtar.
Amitabh Bachchan, a car enthusiast, DC, was the Avanti in a car designer Dilip Chabaria reveals creation.
"I look forward to making this car. I and Dilip go a long way. We have mutual respect and interest in for the work of others. I think what he did is incredible talent, as he should be promoted," said.
Actress 69 years, praised the 25 lakh car for the first super sports car in the country.
"With this car we are now capable of the world, to show that India is less than in every other country. I hope DC will continue the good work and make us proud," said Bachchan.