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Contract Details

Filming for The Hobbit to be moved off shore

Filming for The Hobbit to be moved off shore

HOBBIT.DEPART
Contract Info 
  • Symbol: HOBBIT.DEPART
  • Last Trade Price: $0.0000
  • Last Trade Time:
    27 Oct 10 12:00am
  • Today’s Volume: 3,131
  • Average Daily Volume: 0.0
  • Today’s Change:
    NC (0.00%) 
  • Start Date: 22 Oct 10
  • Close Date: 1 Jan 11
  • Status: Closed

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Long Description

This contract pays $1 if, by 31 December 2010, an announcement is made or there is an authoritative media report announcing (not speculating) that a substantial proportion of the scenes for the movies "The Hobbit" which were to have been filmed in New Zealand are to be filmed in another country. Otherwise this contract pays $0.

Judging Criteria 

1. This contract pays out based on the timing of the announcement, not when any filming was to have been or will be carried out.

2. It refers only to the filming (or recording by other means) of scenes involving human actors and not pre- or post-production work or scenes involving only scenery and/or computer graphics.

3. The contract will close immediately if a formal written statement is issued by Warner Bros, or if a recognised company spokesman makes a formal verbal statement, with the intention of announcing a formal and final decision by the company to the effect that all or a substantial proportion of the scenes for the movies "The Hobbit" which were to have been filmed in New Zealand are to be filmed in another country

4. "Substantial proportion" means at least 25%.

5. In the event a formal statement is not made by Warner Bros on this topic, the contract will close immediately if a formal statement is made by an authoritative figure (such as Sir Peter Jackson or John Key) to the effect that Warner Bros has nevertheless made a formal and final decision that all or a substantial proportion of the scenes for the movies "The Hobbit" which were to have been filmed in New Zealand are to be filmed in another country.

6. Evidence of the event described in paragraph 5 above would be a report in the New Zealand Herald and/or Dominion-Post quoting the authoritative figure as saying that Warner Bros has nevertheless made a formal and final decision that all or a substantial proportion of the scenes for the movies "The Hobbit" which were to have been filmed in New Zealand are to be filmed in another country.

7. If following a report such as that described in paragraph 6 above there remains doubt as to whether or not Warner Bros has made a formal and final decision that all or a substantial proportion of the scenes for the movies "The Hobbit" which were to have been filmed in New Zealand are to be filmed in another country, iPredict reserves the right to make approaches to an authoritative figure, such as the Corporate Communications Department of Warner Bros. and/or the Office of the Prime Minister or of the Minister of Economic Development of New Zealand to seek clarification.

8. If none of the events described above occur on or before 31 December 2010, the contract will close at $0.

9. iPredict will undertake best efforts to close this contract consistent with the terms of the contract on the most reasonable interpretation of the available information. iPredict's decision on closing date and closing price is final.

This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.