Good point - what kind of precedent is this going to set? I think this whole thing has opened some real dialogue with equity. It seems recently that shows have been going with the Lab contract that pays more each week upfront and doesn't include any profit sharing instead of the Workshop contract that does.
Even though Lab contracts are worse for actors, if those become the only kind of new material opportunities available, what choice do they have? I know Equity is holding member meetings to address his and ensure that members know what they are signing when they sign.
I don't have a horse in the race but I find it all compelling. I heard on a podcast this week that Lin's father has been contracted all along to receive a 1% royalty as a creative consultant. It made me wonder if there was any discord at the Richard Rodgers over this.
Also, an explanation of the contract types from the Times article:
For years, many shows have been developed using an Equity workshop contract, under which actors are paid a flat rate of $631 for every five-day workweek. The actors also get benefits, are entitled to a right of first refusal to their role — and to split 1 percent of any future royalty pool for 18 years.
But, in more recent years, producers have tended to favor an alternative Equity contract, the developmental lab, under which actors are paid $1,000 a week but have no right of refusal and no promise of royalty participation.
I like a good rhyme more than a good time