Facebook Twitter Instagram LinkedIn RSS
    Facebook Twitter Instagram LinkedIn RSS
    SHOOTonline SHOOTonline SHOOTonline
    Register
    • Home
    • News
      • MySHOOT
      • Articles | Series
        • Best work
        • Chat Room
        • Director Profiles
        • Features
        • News Briefs
        • “The Road To Emmy”
        • “The Road To Oscar”
        • Top Spot
        • Top Ten Music Charts
        • Top Ten VFX Charts
      • Columns | Departments
        • Earwitness
        • Hot Locations
        • Legalease
        • People on the Move
        • POV (Perspective)
        • Rep Reports
        • Short Takes
        • Spot.com.mentary
        • Street Talk
        • Tool Box
        • Flashback
      • Screenwork
        • MySHOOT
        • Most Recent
        • Featured
        • Top Spot of the Week
        • Best Work You May Never See
        • New Directors Showcase
      • SPW Publicity News
        • SPW Release
        • SPW Videos
        • SPW Categories
        • Event Calendar
        • About SPW
      • Subscribe
    • Screenwork
      • Attend NDS2024
      • MySHOOT
      • Most Recent
      • Most Viewed
      • New Directors Showcase
      • Best work
      • Top spots
    • Trending
    • NDS2024
      • NDS Web Reel & Honorees
      • Become NDS Sponsor
      • ENTER WORK
      • ATTEND
    • PROMOTE
      • ADVERTISE
        • ALL AD OPTIONS
        • SITE BANNERS
        • NEWSLETTERS
        • MAGAZINE
        • CUSTOM E-BLASTS
      • FYC
        • ACADEMY | GUILDS
        • EMMY SEASON
        • CUSTOM E-BLASTS
      • NDS SPONSORSHIP
    • Contact
    • Subscribe
      • Digital ePubs Only
      • PDF Back Issues
      • Log In
      • Register
    SHOOTonline SHOOTonline SHOOTonline
    Home » Coppola, Henson, Scott and Scorsese Companies Get Payroll Protection Program Loans

    Coppola, Henson, Scott and Scorsese Companies Get Payroll Protection Program Loans

    By SHOOTMonday, July 13, 2020Updated:Tuesday, May 14, 2024No Comments3015 Views
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    A statue of Kermit The Frog stands at the entrance to The Jim Henson Company, Tuesday, July 7, 2020, in the Hollywood section of Los Angeles. The U.S. government's small business lending program sent pandemic relief money into unexpected corners of the entertainment industry. The Muppet makers say they received about $2 million to keep their 75 workers employed through the coronavirus shutdown. (AP Photo/Chris Pizzello)

    By Andrew Dalton, Entertainment Writer

    LOS ANGELES (AP) --

    From a godfather of cinema to Kermit the Frog, the U.S. government's small-business lending program sent money into unexpected corners of the entertainment industry. 

    While legendary names like Francis Ford Coppola and Jim Henson hardly evoke the image of "small" business, the leaders of modestly sized companies that bear their names say the funds have been essential to keeping ordinary workers afloat during the coronavirus pandemic.

    Francis Ford Coppola Presents, the broader brand of the director of "The Godfather" films and "Apocalypse Now," received a loan of between $5 million and $10 million to help keep 469 people employed, according to data released last week by the Treasury Department on the Payroll Protection Program. 

    The money went to pay workers for 24 weeks at Coppola's winery, including some 200 hospitality employees who staff its restaurant, pools, movie gallery and bocce court, which spent months shut down, though the vineyard kept producing wine. 

    "I do feel very strongly about this program," the winery's CEO Corey Beck said. "For us, our first and main focus was to make sure that we could keep them on the payroll with benefits even though we were closed. Here's something that's available to us, potentially a 1% loan, let's take advantage of it." 

    Beck said leaders have been encouraging employees to get creative in the downtime. 

    "Like our bartenders, we're telling them, 'Come up with some fun new drinks,' trying to help our business rethink how we do things."

    Beck did not give a specific figure but said the loan was about halfway between the $5 million to $10 million range in the released data. 

    The business was one of several dozen California wineries approved for loans under the program, according to Treasury data, including one partly owned by Gov. Gavin Newsom. 

    The Jim Henson Co., founded by the late creator of the Muppets, director of "The Dark Crystal and "Labyrinth," and puppeteer of Kermit the Frog, also received funding from the program to stay afloat. 

    While its brand has been wildly famous for decades, the company said its shop is more small and artisanal than its big name. 

    The Jim Henson Co. employs about 75 people, company spokeswoman Nicole Goldman said in a statement. "Thanks to the approximate $2 million dollar PPP loan we received, we have been able to keep 100% of our staff employed during this unprecedented time when we have had to fully shut down key businesses including live-action productions, Jim Henson's Creature Shop (in Los Angeles and New York City), Henson Recording Studios, and our soundstage," she said.

    The businesses of other storied filmmakers also appeared in the Treasury data. 

    Director Ridley Scott's production company, RSA Films, was approved for a loan of between $2 million and $5 million toward 42 jobs, while director Martin Scorsese's Sikelia production company was approved for between $150,000 and $350,000 to help keep 11 people employed, according to the data. 

    Many dozens of smaller entities that underpin the film and television industries received loans under the fund, including small companies that provide editing and technical services, along with non-profits that work to further the art like the Sundance Institute and the American Film Institute. 

    The Austin, Texas-based SXSW Film Festival, which has grown in its importance in recent decades and was forced to move online after the pandemic caused its cancellation, was approved for between $2 million and $5 million, allowing it to save 294 jobs, the data showed.

    While the plight of major movie theater chains during the pandemic has been well documented, data showed that smaller exhibitors are hurting too, and sought help. 

    Three California-based chains, Regency Theatres, Galaxy Theatres and Laemmle Theatres, were each approved for a loan of between $350,000 and $1 million. 

    Scores of small theaters and film festivals around the country were also approved for aid. 

    Movie stars also sought help for their side businesses. 

    Reese Witherspoon's clothing brand Draper James, along with those of other celebrities including Kanye West and Khloe Kardashian, was approved for between $350,000 and $1 million under the fund, helping it to keep 44 people employed.

    And Channing Tatum's New Orleans restaurant, Saints and Sinners, was approved for between $150,000 and $350,000 toward its 27 workers. 

    Representatives from the businesses and organizations did not immediately respond to requests for comment. 

    The PPP aims to help smaller businesses and their workers weather the coronavirus pandemic.

    Under the PPP, Congress created $659 billion in low-interest loans that will be forgiven if employers use the money on payroll, rent and similar expenses. 

    With about $130 billion unclaimed as the application deadline closed June 30, Congress extended the program until Aug. 8.

    The public may never know the identity of more than 80% of the nearly 5 million beneficiaries to date because the administration has refused to release details on loans under $150,000. That secrecy spurred a lawsuit by news organizations, including The Associated Press. 

    REGISTRATION REQUIRED to access this page.

    Already registered? LOGIN
    Don't have an account? REGISTER

    Registration is FREE and FAST.

    The limited access duration has come to an end. (Access was allowed until: 2020-07-15)
    Category:News
    Tags:Francis Ford CoppolaMartin ScorsesePayroll Protection ProgramRidley ScottThe Jim Henson Co.



    Dueling Documentaries Delve Into The Promise and Perils Of AI

    Thursday, March 5, 2026

    Artificial intelligence's dystopian specter has spawned a pair of documentaries dissecting a technology that's depicted in the films as a ravenous parasite devouring humanity's knowledge, creativity and empathy.

    The films, "Deepfaking Sam Altman" and "The AI Doc," examine the issue through different lenses while similarly illuminating why the technology evokes both existential fears and utopian visions about how it might change the world.

    Both documentaries coincide with an intensifying debate about whether AI will become a catalyst that helps enlighten and enrich people or a technological toxin that insidiously dulls human intelligence while wiping out millions of high-paying jobs that have traditionally required college educations.

    Dealing with AI dread
    The AI buildup during the past three years already that has resulted in a $12 trillion increase in the combined market values of Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta Platforms and Tesla, the Big Tech companies that have been leading the charge since the November 2022 release of the ChatGPT chatbot. The massive runup is now stoking worries about the investment bubble bursting.

    "There is a lot of anxiety around AI, and the best way to get rid of that anxiety is to talk about it and confront it head-on," Adam Bhala Lough, the director of "Deepfaking Sam Altman," told The Associated Press.

    Lough's documentary, which has already been shown in a few theaters around the United States, probes AI by relying on a virtual doppelganger of OpenAI CEO Sam Altman, whose trailblazing role in the field has inspired comparisons to nuclear bomb inventor J. Robert Oppenheimer. It's Lough's first major project since his HBO documentary, "Telemarketers," garnered an... Read More

    No More Posts Found

    MySHOOT Profiles

    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email

    Previous ArticleHBO Max Commits To DC Drama Series From Matt Reeves, Terence Winter, Warner Bros. TV
    Next Article Peacock To Stream, Strut With Fewer Original Program Feathers Than First Planned
    SHOOT

    Add A Comment
    What's Hot

    Review: Writer-Director Maggie Gyllenhaal’s “The Bride!”

    Thursday, March 5, 2026

    Dueling Documentaries Delve Into The Promise and Perils Of AI

    Thursday, March 5, 2026

    Uzo Aduba, Matt Cherniss, Jinny Howe, Debra OConnell and Rob Wade Appointed To Television Academy Executive Committee

    Thursday, March 5, 2026
    Shoot Screenwork

    Top Spot of the Week: Pearson Student Advises Younger Self In AI-Enabled Encounter From VaynerMedia, Hummingbird and Tool

    Thursday, March 5, 2026

    Pearson has launched its first global brand campaign in more than five years as the…

    Apple, TBWA\Media Arts Lab, Director Francois Rousselet Find The Creative, Rhythmic Jazz Flow

    Wednesday, March 4, 2026

    LOLA Madrid Sheds Light On Winter, Finds Summer For Magnum

    Tuesday, March 3, 2026

    Ad Council, Directing Duo Mister, BBDO NY Chill Out and “Zill” On For Teen Mental Health

    Monday, March 2, 2026

    The Trusted Source For News, Information, Industry Trends, New ScreenWork, and The People Behind the Work in Film, TV, Commercial, Entertainment Production & Post Since 1960.

    Today's Date: Fri May 26 2023
    Facebook Twitter Instagram LinkedIn RSS
    More Info
    • Overview
    • Upcoming in SHOOT Magazine
    • Advertise
    • Privacy Policy
    • SHOOT Copyright Notice
    • SPW Copyright Notice
    • Spam Policy
    • Terms of Service (TOS)
    • FAQ
    STAY CURRENT

    SUBSCRIBE TO SHOOT EPUBS

    © 1990-2021 DCA Business Media LLC. All rights reserved. SHOOT and SHOOTonline are registered trademarks of DCA Business Media LLC.
    • Home
    • Trending Now

    Type above and press Enter to search. Press Esc to cancel.

    Type above and press Enter to search. Press Esc to cancel.