Broadway is booming, and now more actors are going to share in the riches.

In a groundbreaking agreement Friday, the commercial producers who finance Broadway's big hits have agreed to give a percentage of profits to performers who help develop successful shows.

The deal, reached between Actors' Equity, a union representing 51,000 performers and stage managers, and the Broadway League, a trade organization for producers, is a milestone, marking the first time that the industry's financiers have tacitly agreed to acknowledge that performers are contributing ideas, not just labor, to shaping new musicals and plays. READ MORE