La0.7Sr0.3MnO3 (LSMO) nanoparticles were embedded in (Bi,Pb)2Sr2Ca2Cu3Ox (Bi2223) thick films, which were grown by simple melting-quenching-annealing (MQA) method on (001)-oriented LaAlO3 (LAO) substrates. The nominal composition of the composite-like hybrid system was (Bi2223)1−x(LSMO)x with x = 0.03. The constituent elements, Bi2223 and LSMO, were prepared separately by standard solid state reaction and Pechini's method, respectively. The analysis of the X-ray diffraction patterns suggested a polycrystalline growth mode of the thick films on the LAO substrates. From electric transport measurements, the superconducting onset temperature and the superconducting critical temperature (ρ = 0) ended up being 105 and 62 K, respectively. The flux pinning energy U was determined using the Anderson-Kim model. The value of U was compared with those obtained for similar samples with concentrations x = 0.01 and x = 0.05. Current-voltage characteristics were recorded at different temperatures in order to analyze the behavior of the superconducting current (Ic) of the films. A dramatic drop of Ic was observed at ∼20 K. This seems to be linked to the presence of flux creep acting as dissipation factors attributed to LSMO nanoparticles. Isothermal magnetization loops recorded at T < Tc and T > Tc showed clear diamagnetic and ferromagnetic signals, which verify the multifunctional character of the system. Based on the isothermal M(H)-loops recorded at 5, 20, and 40 K and taking Kim's model into account, the dependence of superconducting current density (Jc), and the volume pinning force (Fp) on the magnetic field were calculated. The dependence Jc(B) at 5 K showed an exponential-type behavior, which is described by an empirical equation. This empirical equation considers the maximum value of Fp, which may be scaled with the Kramer's expression for Fp. From this scaling procedure, diverse exponents, associated with different pinning mechanisms, were determined. The drastic fall of Jc(B) at T > 20 K is discussed by considering the decreasing of the lower critical field (Hc1), penetration field (Hp), irreversible magnetic field (Hirr), and magnetization maximum (Mmax) with increasing in the LSMO particle content.