COVID-19 U.S.: Managing the impact of COVID-19 on the media and entertainment sector – through the CARES Act loan program

The entertainment industry has been severely impacted by COVID-19. While demand for content has surged under stay-at-home orders, television and film production has ceased. New content that is being delivered is sourced from productions that were completed prior to the current shutdown.

COVID-19 has also disrupted those businesses that provide in-person events and entertainment – theme parks, concert and sporting venues, movie houses, and museums. Business spending on advertising has also materially declined. Revenues at many print media outlets that rely on small businesses for ads have dried up. The absence of live sports, trade shows, and other big events has dramatically affected advertising spend.

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