News & Analysis as of

Entertainment Industry Relief Measures

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

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The SBA stopped accepting new SVO Grant applications on August 20, 2021.  The SBA is currently reviewing submitted SVO Grant applications and issuing both initial and supplemental awards. As of December 13, 2021, the SBA had...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

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The SBA stopped accepting new SVO Grant applications on August 20, 2021. The SBA is currently reviewing submitted SVO Grant applications and issuing both initial and supplemental awards. As of November 8, 2021, the SBA had...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers - (UPDATED)

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The SBA stopped accepting new SVO Grant applications on August 20, 2021. The SBA is currently reviewing submitted SVO Grant applications and issuing both initial and supplemental awards. As of October 25, 2021, the SBA had...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

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The SBA stopped accepting new SVO Grant applications on August 20, 2021. The SBA is currently reviewing submitted SVO Grant applications and issuing awards. As of September 20, 2021, the SBA had made decisions on 95% of all...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

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The SBA stopped accepting new SVO Grant applications on August 20, 2021. The SBA is currently reviewing submitted SVO Grant applications and issuing awards. As of September 7, 2021, the SBA had made decisions on 93% of all...more

Proskauer Rose LLP

Front and Center: SVO Grants through the SBA (UPDATED)

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[co-author: Laura Peterson] Originally published on December 30, 2020 and updated as of April 7, 2021. The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs For Microbusinesses -UPDATED April 2021 #1

On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and...more

Proskauer Rose LLP

Front and Center: SVO Grants through the SBA (UPDATED)

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[co-author: Laura Peterson] Originally published on December 30, 2020 and updated as of March 18, 2021. The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was...more

Proskauer Rose LLP

Front and Center: SVO Grants through the SBA (UPDATED)

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[co-author: Laura Peterson] - Originally published on December 30, 2020 and updated as of March 10, 2021. The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding,...more

Sheppard Mullin Richter & Hampton LLP

The EU’s Initiatives to Redress the Effect of COVID-19 on the Entertainment Industry

Almost a year ago now, the pandemic outbreak disrupted the worldwide entertainment industry – and in particular, film and television production. Similar to the US, European audio-visual productions were halted, movie theaters...more

Proskauer Rose LLP

Front and Center: SVO Grants through the SBA (UPDATED)

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The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020. Section 324 of Title III of the CAA, the Economic Aid to Hard-Hit...more

Proskauer Rose LLP

Front and Center: SVO Grants through the SBA

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The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020. Section 324 of Title III of the CAA, the Economic Aid to Hard-Hit...more

Fox Rothschild LLP

Help Is On The Way For Shuttered Venues And Museums, Talent Representatives

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Signed into law at the end of 2020, the Consolidated Appropriations Act (CAA) — often referred to as the COVID-19 stimulus package — earmarked $15 billion in federal grants for certain live venue operators and other...more

Woods Rogers

Paycheck Protection Program after the COVID-related Tax Relief Act of 2020 and the Economic Aid to Hard-Hit Small Businesses,...

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On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021, which includes the COVID-related Tax Relief Act of 2020 and the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act. ...more

Lathrop GPM

Congress Provides Relief to “Shuttered” Theaters, Venues, Museums and Others

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Some very welcome help for theaters, music venues, museums and similar “shuttered venues” and promoters is buried in the $900 billion COVID-19 relief bill recently passed by Congress and signed by the President (the “Act”)....more

Benesch

Grants for Shuttered Venue Operators

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A recently passed relief bill will provide $15 billion in federal funding toward grants for “shuttered venue operators,” making funding available to an industry that has been particularly impacted during the COVID-19...more

Winstead PC

COVID-19 Stimulus Package Relief for Venue Operators

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When Congress passed its second COVID-19 relief package on December 21, it was welcome news to countless individuals throughout the country who have struggled in the wake of the ongoing pandemic. Within the package was the...more

Proskauer Rose LLP

Front and Center: New SBA Grant Program for Shuttered Venue Operators

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The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020. Section 324 of Title III of the CAA, the Economic Aid to Hard-Hit...more

Arnall Golden Gregory LLP

Saving Our Stages - With $15 Billion in Government Grants

Many businesses in the live music and entertainment space have been uniquely affected by the pandemic and continue to face dire financial challenges as closure and social distancing mandates persist. Further, when the economy...more

Lowenstein Sandler LLP

Economic Aid To Hard-Hit Small Businesses, Nonprofits, And Venues Act

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Certain provisions of the Coronavirus/COVID-19 economic stimulus legislation are subject to the issuance of government regulations and other government action; thus, certain details regarding the legislation may be clarified...more

Latham & Watkins LLP

COVID-19: EU State Aid Granted to the Events, Entertainment & Media Sectors

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Federal measures specifically targeted at the entertainment sector, including event organizations: ..Right to temporarily not refund: if the same event is organized at a later date within a reasonable period (except if the...more

Latham & Watkins LLP

COVID-19: EU State Aid Granted to the Events, Entertainment & Media Sectors

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Federal measures specific targeted at the entertainment sector, including event organization: ..Right to temporarily not refund: if the same event is organized at a later date within a reasonable period (except if the...more

Akin Gump Strauss Hauer & Feld LLP

Navigating Relief Under the CARES Act in the Entertainment Industry

- The Paycheck Protection Program (PPP), contained within the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) signed by President Trump on March 27, 2020, creates a $349 billion loan facility...more

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