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October 26, 2004

Transition Contract
Helps Small Non-Profits

The Off-Broadway Committee recommended, and the Council approved, the promulgation of a new Transition Contract to assist some not-for-profit theatres in their growth from the Seasonal Showcase Code to a full Letter of Agreement referenced to the Off-Broadway Contract.

New York's Mint Theatre is the first to use this agreement, and Equity expects one or two other theatres to come onto it in the next year. The annual budget limitation for a seasonal showcase theatre is $180,000, but that budget level is not enough to support a full LOA. This contract will allow the theatre three years of growth to get to the LOA level.

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