The Second City performers and stage managers have reached a new contract deal with New York private equity owners ZMC and will avoid a strike.
Last week, Second City performers announced they could move to strike if negotiations between the Actors Equity Union and Second City management didn’t make progress. Lawyers finalized details of a contract deal on Friday.
The performers’ major concern was a wage increase. David Kolen, a senior business representative at Actors Equity Association, said the performers have taken a major step towards earning living wages with a five-year contract that will yield 35% increases that compound out to 40.5% “over the duration of the deal.”
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