Things have been relatively quiet over at JPMorgan Chase (NYSE:JPM) lately, after an especially turbulent time during which it looked as if CEO Jamie Dimon might lose a crown or two over the bruising London Whale debacle. Things resolved themselves nicely there, but now I see that JPMorgan has gotten itself in trouble again -- and it went all the way to Hollywood to do so.

Sounds like a movie...
The big bank was mentioned, though not named, in a lawsuit brought by Paramount Pictures against Content Partners, LLC. There is a long-standing dispute between these two parties, which has resulted in suits and counter-suits regarding the equitable sharing of profits on a passel of films produced by the studio.

This latest salvo is basically in response to Content Partner's 2010 lawsuit, alleging stinginess on Paramount's part when it came to parceling out profits on films like The Truman Show. Now, the studio says that Content Partners conspired with JPMorgan to steal trade secrets, take unearned profits, and generally beat up poor Paramount. JPMorgan's involvement stems from loans it made, as Chemical Bank, to investors in film projects. The loans were insured, and the banks were named as beneficiaries. Getting the picture?

A long history between Wall Street and Hollywood
Wall Street firms have long been involved with Hollywood projects, though they have been pulling back since the financial crisis. Goldman Sachs (NYSE:GS) put up its own money in 2006 to back the Weinstein brothers' new venture, and earlier this year sold its 50% interest in the CSI franchise to none other than Content Partners. JPMorgan and Bank of America (NYSE:BAC) were involved in providing financing for the deal.

For a few years before the crisis, money flowed easily between New York City and Hollywood. When firms like Goldman, JPMorgan, and Merrill Lynch needed somewhere to invest back in 2004, the financial giants decided to give the movies another try after staying away for decades. Instead of backing single films, as was the norm, the big players created a whole new method of bankrolling: investors would now be able to put money into a whole slew of movie projects. With the advent of the financial crisis, however, things changed, and funding became much harder to find.

The spigot opens, a little, then closes again
Two years ago, big banks started lending to Hollywood again -- though fitfully, and for a premium. In early 2011, according to Bloomberg, senior loans were commanding 7.75%, compared with 5.6% just three years prior. Banks willing to lend were scarcer, too, but included former partners JPMorgan, Goldman, and Bank of America.

These days, though, investment money is coming less from big banks and more from hedge funds and overseas investors, according to Hollywood Reporter, noting that many banks would up with crummy deals that they hadn't bargained for. With all that the banks have to contend with these days, it's not surprising they've decided Hollywood drama is not something they really need.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of Bank of America and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.