Kanye West’s Company, STX, New Regency Received Millions in Pandemic Loans
Gene Maddaus Senior Media WriterKanye West’s Yeezy, STX Entertainment, New Regency and Laemmle Theatres are among the companies that received loans from the Paycheck Protection Program, according to data released by the Small Business Administration on Monday.STX received $2-5 million on April 9, shortly before it announced it would merge with India’s Eros International. The company indicated that it used the funds to retain 100 jobs.Kanye West’s apparel company, Yeezy LLC, also reported receiving $2-5 million, and retaining 106 jobs.New Regency was approved on April 6 for a loan between $1-2 million, and retained 50 jobs.Village Roadshow also reported receiving $350,000 to $1 million, and retaining 26 jobs.