{"id":562152,"date":"2023-03-11T01:49:58","date_gmt":"2023-03-10T22:49:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/roku-has-487m-in-cash-at-failed-silicon-valley-bank\/"},"modified":"2023-03-11T01:49:58","modified_gmt":"2023-03-10T22:49:58","slug":"roku-has-487m-in-cash-at-failed-silicon-valley-bank","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/roku-has-487m-in-cash-at-failed-silicon-valley-bank\/","title":{"rendered":"#Roku Has $487M In Cash At Failed Silicon Valley Bank"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a50266d3e95d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a50266d3e95d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/roku-has-487m-in-cash-at-failed-silicon-valley-bank\/#Roku_Has_487M_In_Cash_At_Failed_Silicon_Valley_Bank\" >Roku Has $487M In Cash At Failed Silicon Valley Bank<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Roku_Has_487M_In_Cash_At_Failed_Silicon_Valley_Bank\"><\/span>Roku Has $487M In Cash At Failed Silicon Valley Bank<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The dramatic failure of Silicon Valley Bank on Friday will have a ripple effect that impacts the entertainment industry.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    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 above the $250,000 threshold that the FDIC insures are in jeopardy until the FDIC figures out how to distribute the bank\u2019s assets.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    That being said, so far none of the companies involved say that the failure of SVB should have a dramatic effect on their ability to operate.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Arguably the most impacted company so far is Roku, which said that it had $487 million at SVB, more than one fourth of its total cash holdings. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cAt this time, the Company does not know to what extent the Company will be able to recover its cash on deposit at SVB,\u201d Roku warned investors. That being said, the company said that the cash it is holding at other financial institutions, as well as its cash flow from operations, \u201cwill be sufficient to meet its working capital, capital expenditures, and material cash requirements from known contractual obligations for the next twelve months and beyond.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Other companies impacted include the video production platform Vimeo, which said it had accounts at SVB. However, it said the total value should be covered by the FDIC. \u201cThe Company has a well structured and diverse set of banking partners with no bank holding over 25% of its total cash,\u201d the company said.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    And Roblox said that it had about 5 percent of its cash holdings at SVB, which would total about $150 million. \u201cRegardless of the ultimate outcome and the timing, this situation will have no impact on the day to day operations of the Company,\u201d it added.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    And FuboTV, the streaming pay-TV operator, filed with the SEC to say that yes, it is aware of SVB\u2019s failure, but that no, it does not have any bank accounts there.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    SVB had been America\u2019s 16th-largest bank until it was shuttered on Friday. It specialized in services to startups in and round Silicon Valley.<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":562153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2023\/03\/Silicon-Valley-Bank-Signage-GettyImages-1472601077-H-2023.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[100901,21252],"class_list":["post-562152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-roblox","tag-roku"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/562152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=562152"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/562152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/562153"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=562152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=562152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=562152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}