(NEW YORK CITY) - Actors' Equity Association - the National Union representing more than 51,000 Professional Actors and Stage Managers who work in live theatre, and The Broadway League, the National Trade Association for the Broadway industry, officially have a new contract governing productions on Broadway, following ratification by vote of Equity Membership.

The new contract will remain in effect through September 2028.

Both Actors' Equity and The League expressed their deep appreciation to the contract mediators, whose involvement was a key component of reaching a settlement.

Actors' Equity Executive Director Al Vincent, Jr. said: "This was a lengthy negotiation and a thorough one that resulted in progress across all of Equity's priority areas: Safe staffing, humane scheduling, sustainable working conditions and stabilizing the Equity-League Health Fund. We are proud of the deal we achieved together and we know it will make the lives of Actors and Stage Managers better over the next three years. With the new Production Contract ratified, Equity and the League can now continue working together to bring audiences the best Broadway season yet!"

Broadway League President Jason Laks said: "We welcome today's contract ratification by the Members of Actors' Equity. We've worked in good faith throughout this process and are proud to have reached an agreement that both sides can stand behind. The terms we achieved address the core areas of concern for our producers at a time when producing commercial theater is more challenging than ever. The reforms and the contributions in this contact represent real progress for both the industry and our workforce. We look forward to working together to keep Broadway thriving for the (100,000) New Yorkers whose jobs depend on the theater and the millions who come to enjoy it."

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