Disney CEO Bob Iger said Hulu is a valuable platform today, but Disney is still studying the competitive dynamics of the streaming business before it makes a decision on the service’s future. Speaking at Morgan Stanley’s Media and Telecom Conference in San Francisco on Thursday, Iger also gave a sober outlook for the streaming landscape in the coming years. “There are six or seven basically...
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SVB Is Sold, but Other Banks Are Already Filling the Void
After a two-week auction process, Silicon Valley Bank has finally been sold to regional lender First Citizens Bank. But while the sale of the tech industry’s go-to bank was playing out, other banks moved to fill the void. Among the firms moving quickly are SVB rival Western Alliance-owned Bridge Bank and JPMorgan Chase, as well as newer institutions Mercury and Brex. “You can see...
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