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Broadway producers, actors agree

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From Bloomberg News

Wary of reprising a crippling strike that shut down most Broadway shows last year, Broadway producers and the Actors’ Equity Assn. announced a tentative 39-month labor agreement Wednesday.

The theater agreement was disclosed in a joint statement by the actors union and the Broadway League, representing producers and theater owners. It covers shows that play in New York and tour around the United States.

The agreement includes an 11.25% increase in overall compensation through September 2011 and gives producers more flexibility in publicity and promotion, according to a joint statement. Further details were not immediately available.

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The contract terms must be approved by Equity’s governing council and then by a vote of union members who have worked on Broadway or in touring productions since 2000.

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