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re: NY Times: Landmark Broadway Deal Gives Actors a Piece of the Profits
Posted by: FrauPeter 04:37 pm EST 02/09/19
In reply to: NY Times: Landmark Broadway Deal Gives Actors a Piece of the Profits - Mike 09:10 pm EST 02/08/19

I am little skeptical about this.

The fine print says profit sharing starts when a show recoups 110% not 100%. Not only will it take longer to hit 110% recoup with these new higher costs brought on by Equity, buy If I were a producer (and most shows usually start to wind down right after recoup anyway, think "The Bands Visit) I would just close my show at 109% recoup avoiding the additional profit share.

Additionally, according to their new numbers, it costs less to pay an actor a weekly off bway salary and without the benefit of profit sharing than it does to pay them a Tier 3 contract.

I could be totally wrong but it looks like today may be a win for regional theatre and off bway sheltering an avoidance of the new tier 3 contract.
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