161245

Movie Listings

Eagles, GnR get handouts

The Eagles and Guns N' Roses are reportedly among the musicians who have received financial support during the COVID-19 crisis.

With almost all bands unable to perform live since March, except specially designed socially distanced concerts, many of rock's biggest acts have applied for support to help them pay their touring crews, according to Rolling Stone magazine.

Data released by America's Small Business Administration and Treasury Department and obtained by the publication showed the Eagles, Pearl Jam and Disturbed took out loans of between $350,000 and $1 million.

Other artists, including Green Day and Guns N' Roses, also received loans of more than $150,000 and $350,000. Tool, Nickelback, Imagine Dragons, Incubus, Slipknot, My Chemical Romance, Wilco, Weezer, Cheap Trick, Tim McGraw, Chainsmokers, Bon Iver's Justin Vernon, Disturbed, Gary Clark Jr., Papa Roach, Ryan Tedder and the Head and the Heart are also on the loan list.

Rappers Wiz Khalifa, French Montana and Lil Jon also received financial help, as well as country stars Rascal Flatts, Chris Stapleton, Luke Combs, Kip Moore and Jason Isbell.

The loans are for the artists' touring companies, with the Eagles helping retain 50 jobs while they are unable to perform during the pandemic.

The news comes after Kanye West's clothing company Yeezy was granted a loan of between $2 million and $5 million, as part of government programs, despite the star being described by Forbes as a billionaire.



More Entertainment News

160141




157488
Recent Trending
158388




156968
Castanet Proud Member of RTNDA Canada
156968



158535