The curtain will remain up on Broadway!

In a pivotal development, Broadway musicians have reached a tentative labor agreement with theater owners, averting a strike that threatened to halt nearly two dozen musicals. This agreement, finalized on Thursday, has brought relief to the bustling theater community.

The American Federation of Musicians Local 802, representing 1,200 musicians, announced that the agreement with the Broadway League includes long-sought increases in wages and contributions to the health fund.

“In a demonstration of solidarity, Local 802 Broadway musicians are pleased to announce that a tentative agreement was secured at 4:30 a.m. with the Broadway League, preventing the strike that was set to commence today,” the union revealed in a statement.

This three-year agreement promises significant increases in wages and health benefits, ensuring crucial healthcare access for musicians. It also maintains strong contractual protections, allowing musicians to forge enduring careers on Broadway.

The union had vowed to strike if they couldn’t solve a contract dispute with the commercial producers by first thing Thursday.

A looming strike could have potentially silenced megahit shows including “Hamilton” and “The Lion King.”

The tentative agreement, which will now go to members for ratification, marks the second Broadway deal this week after the Actors’ Equity Association Actors’ Equity Association revealed a new three-year agreement with producers over the weekend for its 51,000 members.

The musicians’ contract had expired back on Aug. 31, while the Equity contract expired Sept. 28.

Both groups had demanded higher wages, improved health care coverage and layoff protections amid a boom in business.

Theaters had reported a $1.89 billion in grosses – a 23% increase over the year prior – and an attendance of 14.7 million during the 2024-25 season — marking it the second-best attended season to date, according to the Broadway League.