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a gambling operation. and the idea is the only people on both sides of those bets, the only ones that can make any money, it brings nothing to the artist, nothing to anybody. and really the second part is no studio, i sat and ran every kind of corporation, is going to sit in the room when they have $100 million, $150 million investment four or five weeks and raise your hand and say, let s hedge our bet and sell the movie off. that would be the last day you would be in the company. anybody leaving the room when they re talking about marketing the film, had some questions, has to be chaperoned on the way to the men s room. do you agree with that, mr. swagger? i think it is a very animated point, but it is wrong. there is a fine definition between gambling and speculation. the gamble has been taken on by the person who created the risk and those are the studios, that mr. gruber acknowledged himself. speculators, it is one of the oldest arguments in the book. everybody has criticized n

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