'Hamilton' producers and cast strike deal to share profits

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The producers of Lin-Manuel Miranda's Broadway sensation Hamilton settled an ongoing deal to share profits with the show's original cast members on Friday, The New York Times reports.

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The agreement between both parties was announced by Ronald H. Shechtman, a lawyer who represents a number of actors, dancers and other stage performers involved in the Hamilton production. In a statement obtained by the Times, Schechtman clarified that actors will now be offered some of "the profit stream from the play."

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The Hollywood Reporter previously reported that the hip-hop musical grosses about $1.5 million weekly in ticket sales, with 40 percent of that going toward renting the Richard Rodgers Theatre, covering salaries and other miscellaneous expenses. As the musical's sole author, Miranda receives a 7 percent cut of the gross in weekly royalties (on top of his salary for starring as Alexander Hamilton), while producers Jeffrey Seller, Sander Jacobs and Jill Furman split a 3 percent share, plus a weekly $3,000 administrative office fee.

Though no further details have been disclosed, the deal could spark a wider discussion about profit-sharing throughout the theater industry, on shows such as Disney's upcoming Frozen musical. Members of Actors' Equity, a labor union representing theater performers and stage managers, are rallying against the lack of added compensation for actors originating their roles in the Disney production in light of Hamilton's settlement news.

This article was originally published by The Hollywood Reporter


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'Hamilton' producers and cast strike deal to share profits
NEW YORK, NY - OCTOBER 21: (EXCLUSIVE ACCESS) Jay Z and Beyonce pose with the cast backstage at the hit musical 'Hamilton' on Broadway at The Richard Rogers Theater on October 21, 2015 in New York City. (Photo by Bruce Glikas/FilmMagic)
NEW YORK, NY - OCTOBER 16: (EXCLUSIVE ACCESS) Oprah Winfrey poses with the cast backstage at the hit musical 'Hamilton' on Broadway at The Richard Rogers Theater on October 16, 2015 in New York City. (Photo by Bruce Glikas/FilmMagic)
NEW YORK, NY - OCTOBER 16: Alex Lacamoire and Lin-Manuel Miranda pose at the public release of The Atlantic Records Original Broadway Cast Recording of 'Hamilton' at Barnes & Noble, 86th & Lexington on October 16, 2015 in New York City. (Photo by Bruce Glikas/FilmMagic)
NEW YORK, NY - OCTOBER 16: Daveed Diggs and Jasmine Cephas Jones pose at the public release of The Atlantic Records Original Broadway Cast Recording of 'Hamilton' at Barnes & Noble, 86th & Lexington on October 16, 2015 in New York City. (Photo by Bruce Glikas/FilmMagic)
NEW YORK, NY - OCTOBER 16: Austin Smith and Andrew Chappelle pose at the public release of The Atlantic Records Original Broadway Cast Recording of 'Hamilton' at Barnes & Noble, 86th & Lexington on October 16, 2015 in New York City. (Photo by Bruce Glikas/FilmMagic)
NEW YORK, NY - OCTOBER 16: (L-R) Alex Lacamoire, Phillipa Soo, Thayne Jasperson, Jonathan Groff, Morgan Marcell, Jasmine Cephas Jones, Daveed Diggs, Javier Munoz, Lin-Manuel Miranda and Christopher Jackson pose at the public release of The Atlantic Records Original Broadway Cast Recording of 'Hamilton' at Barnes & Noble, 86th & Lexington on October 16, 2015 in New York City. (Photo by Bruce Glikas/FilmMagic)
NEW YORK, NY - OCTOBER 16: Lin-Manuel Miranda during the 'Hamilton' Original Broadway Cast Q & A and CD signing at Barnes & Noble on October 16, 2015 in New York City. (Photo by Walter McBride/WireImage)
NEW YORK, NY - SEPTEMBER 30: (EXCLUSIVE COVERAGE) Alicia Keys poses backstage with Lin Manuel Miranda and the cast at the hit musical 'Hamilton' on Broadway at The Richard Rogers Theater on September 30, 2015 in New York City. (Photo by Bruce Glikas/Bruce Glikas)
NEW YORK, NY - AUGUST 13: (EXCLUSIVE COVERAGE) Meryl Streep visits Andrew Chappelle from the cast of 'Hamilton' backstage after a performance at the Richard Rodgers Theatre on August 13, 2015 in New York City. (Photo by Walter McBride/Getty Images)
NEW YORK, NY - AUGUST 13: (EXCLUSIVE COVERAGE) Meryl Streep (R) visits Jon Rua from the cast of 'Hamilton' backstage after a performance at the Richard Rodgers Theatre on August 13, 2015 in New York City. (Photo by Walter McBride/Getty Images)
NEW YORK, NY - AUGUST 06: Betsy Struxness with her chorus cast members during the Broadway Opening Night Actors' Equity Gypsy Robe Ceremony honoring Betsy Struxness of 'Hamilton at the Richard Rodgers Theatre on August 6,, 2015 in New York City. (Photo by Walter McBride/WireImage)
NEW YORK, NY - AUGUST 06: Chorus cast members attend the 'Hamilton' Broadway Opening Night After Party at Pier 60 on August 6, 2015 in New York City. (Photo by Walter McBride/WireImage)
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