Akin Gump entertainment partner Alissa Miller has been quoted in the Screen Daily article “US indie sector looks to government for insurance backstop.” The article reports that, with a large backlog of insurance claims that could run into the billions of dollars due to coronavirus-related work stoppages for film productions, independent producers could be among the hardest hit.
The entertainment industry has been severely affected by COVID-19 and its economic impact. Social distancing has led to production delays, the cancelling and postponement of concerts and other live events, and movie theaters have also been temporarily closed as a result. Even during this unprecedented shift, however, industry players should continue to focus on the future in terms of financing projects. In this post, our lawyers address areas that producers and lenders should consider during this time. To read the full alert, click here.
Federal and state court proceedings have been deeply impacted by the COVID-19 crisis. Further, courts who were already experiencing a backlog may also see an increase in claims in the entertainment space due to production delays and shutdowns. In this alert, Akin Gump litigators discuss the trial backlog that will predictably increase once courts reopen to civil matters and review considerations for litigants and their lawyers who may consider utilizing arbitration to avoid further delay.
The most extensive federal government response to the COVID-19 crisis, the CARES Act, was signed by President Trump on March 27, 2020. Entertainment companies in particular may benefit from programs under the Paycheck Protection Program and Small Business Administration to overcome the adverse financial impact of this pandemic.
Akin Gump’s entertainment team discussed key factors entertainment industry companies should consider in securing relief. To read the full alert, click here.
On March 27, 2020, the most comprehensive federal government response to the COVID-19 crisis, The CARES Act, was signed into law. In a recent alert, Akin Gump’s entertainment lawyers breakdown programs under the Small Business Administration and Paycheck Protection Program that may be beneficial to entertainment companies in securing economic relief. To read more, click here.
This alert discusses the actions taken by Congress and federal agencies to ensure Americans stay connected through the COVID-19 pandemic including the COVID-19 Telehealth Program implemented to help health care providers purchase technology and broadband connectivity for telehealth services. These actions also include other new initiatives such as updates to the Connected Care Pilot Program that makes funding available for telehealth providers in rural parts of the country.
In this post, Akin Gump’s Entertainment lawyers discuss steps that Hollywood is taking to reduce the negative impact of COVID-19 on the industry, and adapting standards to possibly benefit over the long-term.
In order to prevent the further spread of COVID-19, and adhere with the CDC’s social distancing guidance, film and television production has been largely suspended across the globe. Akin Gump’s entertainment team provides practical advice on working through this delay and discusses how to prepare to resume production once the hiatus is over.
Click here to read the full post on the AG Deal Diary.