According to Crain's NY Business, a lockout and shutdown of Broadway shows is not getting any less likely for next week, as the September 30 deadline fast approaches...
Both sides are making preparations to weather it out. Local One of the International Alliance of Theatrical Stage Employees has "accumulated a $4 million emergency fund." Not surprising, it's what unions do.
But did you know the League of American Theatres and Producers does the same for its members?
The league has a $20 million reserve to help cover members’ losses in the case of a shutdownThose members, remember, are the producers. Actors and directors will have to look to their own unions for "strike pay."