The Geek I/O Summer Movie Smackdown is upon us. "What is the Smackdown?" you ask? Well, it's were we come together and buy movies with fake money and we fight, drink, laugh and entertain each other. Each player start with 100 of this fake money, and we place bets (starting at $5) on 27 movies that are being released between May 1st and September 1st 2013.

The winner is decided (September 17th, 2013) on the value of their movies (how much each movie made US Gross divided by how much was paid)!

Who got which movies:

CJ: Epic, Pacific Rim, The Wolverine and Planes ($87)

Rachel: The Great Gatsby, Monsters University, The Smurfs 2, The To-Do List, The World's End, Closed Circuit ($98)

Jarred A: Star Trek Into Darkness, Grown Ups 2, 300: Rise of An Empire and Percy Jackson: Sea of Monsters ($88)

Jared B: The Hangover Part III, The Internship, Man of Steel and Despicable Me 2 ($87)

Dale: Fast & Furious 6, After Earth, The Lone Ranger, Turbo, The Mortal Instruments: City of Bones and Getaway ($100)

Jon: Iron Man 3, World War Z and Kick-Ass 2 ($100)

As the weeks go on, you can track our progress at www.geek-io.com/summersmackdown2013 and get weekly updates on the Geek I/O show.