42West Parent Dolphin Entertainment Takes $2.1M In Federal Paycheck Loans, Joining Cinedigm And Entercom On COVID List

42 West Parent Dolphin Entertainment Takes $2.1M In Paycheck Protection Program (PPP) Loans

Dolphin said $725,000 of the five separate loans went to 42 West, an agency whose A-list clients include Tom Hanks and Meryl Streep. The proceeds from each PPP Loan will be used in accordance with the terms of the CARES Act program, Dophin said in an SEC filing.

The loans mature between April 19, 2022 and April 23, 2022 and with an annual interest rate of 1%. They’re meant to give small companies decimated by the coronavirus pandemic a lifeline.Dolphin said its loans also went to the parent company and subsidiares Shore Fire Media, Viewpoint Computer Animation and The Door Marketing Group for, the amounts of, respectively, $54,900, $322,200, $321,000 and $672,700.

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