Cross-Currency Solutions (FX)

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[00:00:00.00] A video crew sets up on a city street at a Paramount lot.

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[00:00:03.94] When I'm out on set, it's a special feeling. It's the energy of making a movie. It's the energy of a crew and cast and extras coming together to make a single product. It's communication. It's relationships. It's timely payments.

[00:00:21.11] [JAZZ MUSIC]

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[00:00:21.83] Text: J.P. Morgan Payments presents Currency of Change. Paramount Pictures. The entrance gate at Paramount Pictures studios.

[00:00:28.73] The evolution of the Paramount logo.

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[00:00:30.64] Paramount's maybe the most historic studio there is, over 110 years old.

[00:00:35.90] [JAZZ PIANO]

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[00:00:35.90] Ralph Bertelle, EVP, Co-head of Physical Production.

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[00:00:39.22] We manage between 10 to 15 feature films a year. You can be looking at thousands of crew, cast, and extras working at any given time. As a global studio, we are making payments in all types of currencies.

[00:00:55.16] [JAZZ PIANO]

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[00:00:56.00] 120 currencies.

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[00:00:57.34] We're not just paying in us dollars. Any singular payment can make or break our production. We pay for equipment, for things like costumes, set dressing, wardrobe, props. The biggest challenge that we face making payments around the world is having them happen quickly and accurately. To have to slow down and troubleshoot is time that we don't have. That's why we have JP Morgan Access.

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[00:01:22.46] Manage cash flow, report on performance, anticipate the future.

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[00:01:26.76] Payments can be loaded up and paid within a day, and the approvals can be handled across multiple countries. Our vendors expect us to be able to make payments in the most innovative ways. JP Morgan Payments makes payments seamless for us so that we can focus on what we do best.

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[00:01:45.18] Two men shake hands.

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[00:01:47.07] Trust is the most important asset we could possess. Without it, we wouldn't be able to make the quality movies that I believe we make.

[00:01:57.22] [FILM CLACKING]

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[00:01:57.76] Logos: The Godfather, The Truman Show, Clueless.

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[00:02:00.75] JP Morgan Payments have made our job in our studio and for our filmmakers, considerably more effective. It is a fast, reliable, and efficient platform to make payments globally.

[00:02:14.89] [JAZZ MUSIC]

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[00:02:14.89] A man paints in the sign shop.

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[00:02:19.03] Every moment, every picture, every set of dailies we watch to me is magical. When we are able to achieve that creative process for the audiences and ourselves to enjoy, it's pure magic.

[00:02:33.28] [JAZZ MUSIC]

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[00:02:33.49] Copyright 2024 JPMorgan Chase, FDIC. Visit jpmorgan.com/payments disclosure for disclosures and disclaimers