Wednesday, March 31, 2010

Original Idea Fund Launches Today!

Big excitement in the world of Talented Earthquake Productions today - I am starting a mutual fund on the Hollywood Stock Exchange, and the IPO is today! The Original Idea Fund will invest in movies that are based on an original idea. No sequels, prequels, remakes, or sequels to remakes. Nothing based on a book, play, comic book, musical, news story, or theme park ride. No biopics. No documentaries. Just original ideas.

So no Pirates of the Caribbean, no Ocean's Eleven, no Twilight or Harry Potter. But I will be investing in movies made by people like Kathryn Bigelow, Woody Allen, and Quentin Tarantino. I might be investing in the next Avatar or The Hangover. I will also be investing in StarBonds of actors and actresses who star in these movies, although initially I am planning to limit those to one or two StarBonds per movie.

The Fund will IPO at H$20, as all mutual funds do on HSX, and will delist, or cash out, when it reaches H$100. Looking forward, there is a question that I haven't answered yet. Many mutual funds cash out, and then have another IPO. So there have been six iterations of the New York, New York fund, for example. But, given the nature of this fund, I don't think I could do a sequel!

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