We're starting to see some more of that in the last couple years. Leslie Odom Jr. produced Purlie Victorious, Darren Criss produced Maybe Happy Ending, Kristin Chenoweth will be producing the upcoming The Queen of Versailles. Mainly, it has to do with the difference between Broadway producers and film producers.
When you try to define what the job of a producer is, you can split it into two groups: the producers that raise the money, and the producers that spend the money. In film, where a lot of projects are supported by big studios who already have a lot of money to work with, the producers you see listed in the credits are the former: the ones that come up with the idea for the movie, assemble the cast and crew, and oversee the vision of the production. On Broadway, when you see a long list of producers, the top few are the "spend the money" producers (although they also do a lot of fundraising), and everyone else are purely fundraisers, putting up their own money, or money they manage for investors.
It's also worth noting that just because an actor isn't listed in the credits as a producer, that they are solely hired talent (especially if that actor is a big name). Hugh Jackman had a lot of influence in the recent revival of The Music Man. Jonathan Groff has worked for several years to get Just In Time to Broadway. Idina Menzel had so much input on Redwood that she eventually got "Contributions by" credit. Theatre is inherently collaborative.
Why Broadway actors don't usually put more of a financial stake in their shows... it's probably because they're generally smart with their money. The job of being a "raise the money" Broadway producer is convincing a lot of people to give you a lot of money with a very high chance they will never see it again. In film, even if a movie doesn't break even at the box office, you can still see continuing revenue after the theatrical run, from DVD/Blu-Ray sales, streaming acquisition, cable re-runs, VOD downloads. On Broadway, when your show closes, the income stops. You have a much shorter runway to make your money back, so you don't risk it.
Updated On: 4/28/25 at 11:15 AM