We would like to provide an update on how Wrapbook is responding to the collapse of Silicon Valley Bank (SVB), which we were using to move payroll funds.
Wrapbook is in a strong financial position and we will support you as this situation evolves.
Our team is available to answer any questions you may have. Please reach out to us at email@example.com.
The Department of the Treasury, Federal Reserve, and FDIC issued a statement, March 12, at 6:15 p.m. EDT, that SVB depositors will have access to all of their money starting Monday, March 13.
This is excellent news for production companies, cast and crew. Wrapbook will continue to send updates this week related to upcoming payments and payroll processing.
We wanted to provide you with our latest update on how Wrapbook is responding to the collapse of Silicon Valley Bank (SVB) which we were using to move payroll funds.
For workers who may have an uncashed check from Wrapbook ->To avoid any additional delays to receiving your funds, please cash any outstanding checks as soon as possible. Failure to do so may result in delayed access to funds, as Wrapbook may need to void and reissue your payment.
Here is the latest from our CEO, Ali Javid. This is our third email communication to our customers since Friday.
For all affected workers:
Our team is available to answer any questions you may have. Please reach out to us at firstname.lastname@example.org or directly with your customer success manager.
Our next formal communication will be no later than Monday, March 13th.
At Wrapbook, we pride ourselves on providing outstanding free resources to producers and their crews, but this post is for informational purposes only as of the date above. The content on our website is not intended to provide and should not be relied on for legal, accounting, or tax advice. You should consult with your own legal, accounting, or tax advisors to determine how this general information may apply to your specific circumstances.
Where are you going to get that documentary funding for your next project? We talked to doc producers about their methods for finding film financing.
The modest Paranormal Activity budget turned out one of the most profitable horror films of all time. Find out how it did so much with so little.
Money is always tight for non-fiction producers. But a recession and the accompanying price spikes have added an extra strain. Wrapbook puts production spend at a company’s fingertips, consolidating onboarding, insurance, payroll, and cost tracking into a single, intuitive platform.