Roku Had $487 Million in Silicon Valley Bank Whose Failure Is Rolling Tech and Wall Street

Charna Flam “Grease: Rise of the Pink Ladies” music producer and songwriter Justin Tranter says their prolific career actually started with a passion for musicals. “Musicals are why I started making music as a kid. Even though I was in a rock band and now I make pop music, musicals are why I started making music in the first place,” the Grammy-nominated songwriter told Variety at the Paramount+ series’ premiere Wednesday night in Los Angeles. Tranter has worked with Ariana Grande, Dua Lipa, Selena Gomez, Lady Gaga, the Chicks, Leon Bridges, Miley Cyrus and Justin Bieber, just to name a few. After “fighting hard” to join “Rise of the Pink Ladies” and providing demos for showrunner Annabel Oakes, the two then teamed up with choreographer Jamal Sims for the series. Along with some co-writers, Tranter wrote and produced 30 original songs for the 10-episode season.

In what could be a historic election, Palm Springs City Councilmember Lisa Middleton has entered the California Senate District 19 race, a little less than a year before the primary election. Photo: Screengrab

won’t lie to you, it was emotional.Eurythmics member Dave Stewart caused a stir on Sunday’s “American Idol” episode when he provided backup music for his daughter Kaya, who was auditioning for the popular singing competition.“The backup musician is who,” quipped judge Lionel Richie as Stewart walked into the audition room.Katy Perry looked on at Stewart’s entrance with a mixture of shock and confusion before realizing who it was after the musician introduced himself simply as “Dave.” “Oh my god, blast from the past,” squealed Perry.Stewart then revealed what it was like growing up with a famous dad who was on the road touring. “Music has been a part of my life since before I was even born,” said the younger Stewart.

EXCLUSIVE: Roku is promoting a number of execs in its originals team following a shakeup last week.

Domestic violence charges against Justin Roiland, co-creator of the Cartoon Network adult series “Rick and Morty,” were dropped Wednesday in California. “We dismissed the charges today as a result of having insufficient evidence to prove the case beyond a reasonable doubt,” a spokesperson for Orange County District Attorney’s office told The Post.

Answering all the burning questions. Katie Maloney opened up about Tom Sandoval and Raquel Leviss‘ affair — and hinted at how much Tom Schwartz knew beforehand.

Once is a coincidence, twice is a pattern? Katie Maloney had some serious questions about Raquel Leviss‘ dating preferences before news broke about her affair with Tom Sandoval.

Not holding back. Katie Maloney had some choice words for Raquel Leviss in the wake of her affair scandal with Tom Sandoval.

Carrie Underwood recently invited Guns N’ Roses frontman Axl Rose on stage to perform the latter’s ‘Welcome To The Jungle’ together at her recent concert in Los Angeles.Underwood brought Rose out during the encore portion of her set at the Crypto.com Arena on March 13, where both of them would sing a rendition of Guns N’ Roses’ ‘Welcome To The Jungle’.Watch the pair perform ‘Welcome To The Jungle’ below.This performance would mark the first time that Carrie Underwood and Axl Rose have performed the track together. Underwood first performed with the Guns N’ Roses frontman in April last year, when she brought him out to perform ‘Sweet Child O’ Mine’ and ‘Paradise City’ during her headlining performance at California’s Stagecoach Festival 2022.Elsewhere during her concert, Underwood performed a slew of her biggest hits including ‘Good Girl’, ‘Hate My Heart’, ‘Ghost Story’ and ‘Last Name’ before ending the show with ‘Before He Cheats’.Axl Rose and his Guns N’ Roses bandmates are set to headline Glastonbury later this year alongside Elton John and Arctic Monkeys.

88rising has announced Head In The Clouds festival’s first-ever expansion into New York this May and its performance line-up.The Asian-focused rap label took to social media on Monday (March 13) to announce the New York festival, confirming that it will take place on May 20 and 21 at the Forest Hills Stadium. Scheduled to headline the festival so far are ITZY, Rich Brian and NIKI.The rest of the line-up includes Beabadoobee, MILLI, DPR Live, DPR Ian, XG and more.

Will Smith was keeping a low profile while the 95th Academy Awards were taking place at the Dolby Theatre in Los Angeles on Sunday.

it had approximately $487 million held by Silicon Valley Bank. The company said that the number represents approximately 26% of its cash and cash equivalents, and the company will be able meet its pending financial obligations for at least “the next 12 months and beyond.”The Santa Clara-based Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation, marking a major ending to what had for decades been one of the pillars of financing in the tech industry economy.The bank first made headlines Wednesday after it notified investors that it needed to raise just over $2 billion to offset $1.8 billion in losses it incurred from investments in mortgage-backed securities, which were devalued thanks to the Fed’s decision to raise interest rates.The next day, dozens of SVB’s venture capital clients — urged on by a venture capital fund founded by billionaire Peter Thiel and others — started pulling their assets from the bank, which one investor previously described as “a hysteria-induced bank run.”The customers withdrew $42 billion by the end of Thursday, according to California regulatory filings, and as a result the bank was left with a negative cash balance of $958 million.

Will Smith was keeping a low profile while the 95th Academy Awards were taking place at the Dolby Theatre in Los Angeles on Sunday.Not too far away from the event in San Dimas, California, the 54-year-old actor was seen driving a car around 4 p.m. PT.The sighting comes about a year after Smith made headlines for slapping Chris Rock across the face during the 2022 Oscars in reaction to the comedian making a joke about Smith's wife, Jada Pinkett Smith.

Anyone missing their Sunday sermon this morning in Austin, TX, completely heard it in full from the 52nd former Speaker of the House who made a pitstop here at SXSW for The Atlantic session “The Future of Global Democracy”. Nancy Pelosi canvassed several topics impacting the nation’s democracy and welfare including the collapse of Silicon Valley Bank in her San Francisco backyard, Fox News’ Tucker Carlson, Republicans who prop political violence — and that was just in the first 20 minutes of her hour-long session.

Todd Spangler NY Digital Editor About one-fourth of Roku’s cash and equivalents — nearly half a billion dollars — has been held in Silicon Valley Bank (SVB), which was shut down by financial regulators Friday after it collapsed. And the streaming platform company said it’s unsure the extent to which it will be able to recover that cash. SVB, after it faced a run on deposits and failed to raise capital to make up the shortfall, was closed by the California Department of Financial Protection and Innovation, which appointed the FDIC as receiver of its assets. Roku disclosed in an SEC filing that about $487 million of its $1.9 billion in cash and equivalents is held at SVB, or about 26% of the company’s cash and cash equivalents balance as of March 10. The remaining $1.4 billion is “distributed across multiple large financial institutions,” Roku said in the filing.

The X-Life, has died, according to multiple reports. She was 44.Russo was part of one of three couples on VH1’s reality show,, which aired in 2011.

Bad Bunny will be returning to his native Puerto Rico in May to host the upcoming “Backlash” event for WWE.

EXCLUSIVE: The Disney+ film Alexander and the Terrible, Horrible, No Good, Very Bad Day has added Paulina Chávez (The Expanding Universe of Ashley Garcia, Fate: The Winx Saga) and Rose Portillo (Zoot Suit, The Exorcist II) to its cast, joining previously announced stars Eva Longoria, George Lopez, and Jesse Garcia.

Finally settling in! Fresh off their $1 million win on The Amazing Race, winners Derek Xiao and Claire Rehfuss are revealing the newly furnished apartment they share together in Los Angeles.

Rolling Loud hit California this weekend and, while there were plenty of noteworthy appearances including Ice Spice, Larry June, and Luh Tyler among others, it was Lil Yachty who had the must-see set. Yachty was making one of his first big performances since releasing Let's Start Here in January.