A coalition of the top concert promoters, venue managers and show producers have joined forces to request federal aid for the live entertainment industry as it faces an existential crisis from the COVID-19 pandemic.Billboard obtained a copy of the memo, which calls on Congress to expand the Paycheck Protection Act to entertainment companies with 500 or fewer employees, as well as an expansion of loans to mid-sized businesses under the CARES Act and the Federal Reserve’s Main Street Lending program."Our businesses were the first to close and will be the last to reopen," reads the memo, dated April 2020, which lists 19 organizations as signatories including AEG, Live Nation and The Broadway League. "Without immediate financial assistance, the.
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