Young, Scrappy, and Hungry for Profit Sharing

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The original cast of the hit Broadway musical Hamilton have struck a deal with producers that will give them a cut of the show’s immense profits, New York Times’ Michael Paulson reports:

The deal, which was announced by a lawyer representing more than two dozen actors and dancers who were part of the show’s development and first productions, is a major victory for the cast and could have ripple effects in the theater industry, where the huge success of “Hamilton,” and the lack of profit-sharing, catalyzed a growing debate about actor compensation.

The agreement means that actors will have a piece of “the profit stream from the play,” Ronald H. Shechtman, a leading labor lawyer in the theater industry who represented the “Hamilton” performers, said in a statement. Jeffrey Seller, the lead producer of “Hamilton,” a megahit now generating upward of $500,000 in profit every week on Broadway, confirmed the agreement. Neither Mr. Seller nor Mr. Shechtman would discuss details, some of which remain to be hammered out, and Mr. Shechtman said that the performers were not ready to comment on the deal.

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