While 11.25% seems like a lot, it is over 3 years 3 months, so it is less than 4% a year. Hardly keeps up with inflation. Here are the details:

http://www.playbill.com/news/article/119141.html

Actors' Equity Association and The Broadway League have reached a tentative, 39-month agreement for the production contract, according to a joint statement released July 2.

The contract covers actors and stage managers working in Broadway and touring productions.

Highlights of the agreement follow:

 

A revised touring arrangement that seeks to promote more League touring productions that will provide more employment for Equity members. The terms of the new contract will be reviewed by Equity's governing body, Council, for recommendation. Equity members who have worked under Production Contract since 2000 are eligible to vote. Once ratified by both sides, the contract will be retroactive to June 30, 2008. In a statement John P. Connolly, Equity's executive director, said, "In two months of tough bargaining, we achieved an excellent contract with significant gains for every Equity member working on Broadway and the road. Together, actors and producers worked tirelessly to craft an agreement that grows our business and takes care of our community and our audiences. It is this same kind of creative partnership and innovative approach that imbues Broadway and touring productions with the magic that is live theatre." Charlotte St. Martin, executive director of The Broadway League, added, "The collaborative spirit that prevailed throughout the talks allowed both sides to present their issues, understand the others' concerns and negotiate a new contract that serves the industry and the theater-going public. We resolved a number of important issues and Broadway and touring Broadway are stronger for it. We were encouraged by the process and are delighted by the result." The production contract between Actors' Equity and The League expired midnight June 29, but the two sides agreed to extend the contract day to day and continued negotiations. Disney Theatrical Productions Inc. is a coordinated bargaining partner to the new agreement. Actors' Equity and The Broadway League began negotiating a new production contract for Broadway show folk April 18. "It's not going to be a repeat of November," Maria Somma, a spokesperson for Actors' Equity said in mid-April, referring to the Broadway stagehands negotiations with the League that resulted in a 19-day strike during Broadway's lucrative holiday season.

-- Edited by DogsandBirds at 23:49, 2008-07-02