Hollywood came to Palma at the end of last month for the annual Mallorca International Film Festival – now in its 6th year! With the theme of bridging cultures, it attracted a huge response from international filmmakers from around the world, with almost 100 movies being screened in and around Palma over the 10-day duration. Premier FX were once again very proud to be among the sponsors and to meet so many people who had made the journey for this growing and increasingly prestigious festival.
But you may be wondering why we would sponsor the festival in the first place. Well of course we believe in the goals of the organisers and the value it can bring to Mallorca, but also the film industry is an excellent example of a sector where our services can provide great value.
The movie business by its very nature is truly international. They are almost always made to strict budgets, and costs can quickly spiral if not controlled. One factor which emerged as a key issue during the festival was the uncertainty of expenditure when shooting on location, perhaps in a different country or continent, where the volatility of exchange rates makes costs unpredictable. And even the actors and filmmakers themselves may be paid in different currencies depending on the currency of the movie and the location of their work. At almost every level, there can be an exchange rate “risk” and this is something the industry often struggles with.
And this is where Premier FX can help them, not only with obtaining bank-beating exchange rates, but also in the ability to fix rates, perhaps for the duration of the film production, thereby reducing or even removing the risks, and giving them budget certainty they otherwise wouldn’t have.
So the movie industry is another example of where our services can be tailored to precisely meet their needs. And they can for you or your business too!
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