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Lights, Camera, Payments: The Business of Film Finance
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In this episode, Lori Schwartz, Global Head of Treasury Services at J.P. Morgan Payments, is joined by Brooke Tilton-Foley, Vice President of Treasury Operations at Paramount, to discuss the unique financial challenges of the movie production industry. They dive into the intricacies of managing global payments, liquidity, and vendor relations across dynamic film locations. Brooke shares insights into how Paramount’s treasury team ensures smooth financial operations, from using petty cash for on-site expenses to leveraging J.P. Morgan Payments technology for seamless global transactions. They also discuss future trends in electronic payments, the importance of strong banking partnerships and Brooke’s approach to mentorship and diversity within the finance industry.
Disclaimer: The views and opinions expressed herein are those of the author and do not necessarily reflect the views of J.P. Morgan, its affiliates, or its employees. The information set forth herein has been obtained or derived from sources believed to be reliable. Neither the author nor J.P. Morgan makes any representations or warranties as to the information’s accuracy or completeness. The information contained herein has been provided solely for informational purposes and does not constitute an offer, solicitation, advice or recommendation, to make any investment decisions or purchase any financial instruments, and may not be construed as such.
Sources:
“Founded in 1912, Paramount Pictures has produced some of the most iconic films of the 20th and 21st centuries, including The Godfather, Titanic and Mean Girls.”1
(Bob Roath Head of Production Finance. Interview by J.P. Morgan Payments, December 19, 2023)
-“In 2023 alone, its films generated $2 billion at the global box office and delivered five No. 1 debuts at the domestic box office.”2
Paramount Global. (2023, May 4). Paramount Reports First Quarter 2023 Earnings Results.
Additional Resources:
Brooke Tilton-Foley’s LinkedIn
Paramount Pictures streamlines global payments with J.P. Morgan Payments
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