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Sharon Stone Says She Lost “Half My Money to This Banking Thing,” Breaks Down in Tears During Speech

Sharon Stone prepared some remarks to offer in return for receiving the Courage Award on Thursday night during the Women’s Cancer Research Fund’s (WCRF) An Unforgettable Evening fundraiser. But she didn’t seem to need any help in delivering a speech that, at times, had her in tears and ended with a standing ovation. “I brought […]

Hollywood Is Hoping Its Bank Relationships Are Too Big to Fail

The failure of Silicon Valley Bank has sent shock waves throughout U.S. financial institutions. And nowhere was that felt more than at other regional banks. At New York’s Signature Bank — which is one of the two main banks that works with Broadway productions — the board spent days grappling with the repercussions.  Yes, there […]

Signature Bank Collapse Sends Shockwaves Through the Broadway Industry

The news of Signature Bank’s failure Sunday sent alarm bells throughout the Broadway industry, as general managers, producers and accountants worked to make sure that shows could make their weekly payroll. “Broadway owes the federal government another thank you note, because I think had they not come in and taken control of it, today would […]

Silicon Valley Bank Failure Closely Watched In Entertainment As Biden Reassures Investors

Stock markets in Europe fell on Monday amid concern over the fallout of the failure of Silicon Valley Bank, the U.S. bank known for lending to technology companies, despite regulators’ moves to contain the crisis and avoid a domino effect with various measures. U.S. markets also opened the week lower, driven by a drop in banking […]

Hollywood Startup Wrapbook Says Payroll Delayed By Silicon Valley Bank Failure

Wrapbook, a startup payroll services firm aimed at Hollywood production companies, told its customers on Friday that its processing for March 10 will be delayed. The entertainment industry firm, with offices in Los Angeles, Toronto and New York, cited the failure of Silicon Valley Bank for the impact to its services. In an update to […]

Roku Has $487M in Cash at Failed Silicon Valley Bank

The dramatic failure of Silicon Valley Bank on Friday will have a ripple effect that impacts the entertainment industry. According to multiple securities filings Friday, a number of companies with connections to the entertainment business had accounts at the bank. With the bank now in a receivership with the Federal Deposit Insurance Corp., any deposits […]