The Production Contract covers actors and stage managers on Broadway and in full production tours and tiered touring productions.

The tentative agreement, according to a press statement, "calls for wage and other compensation increases in each year of the contract and addresses quality of life issues and work rules." It is negotiated for a four-year term and will expire in September 2019. The specifics of the contract will be made public after ratification.

The National Council, Equity’s governing body, will convene in September to review the new contract. The contract will then be sent to those Equity members who have worked under the Production Contract between 2008 and September 2015 and are eligible to vote.

Founded in 1913, Actors’ Equity Association represents more than 50,000 professional stage actors and stage managers in the United States. The Broadway League, founded in 1930, is the national trade association for the Broadway industry. The League’s 700-plus members include theatre owners and operators, producers, presenters and general managers.