If Bloomberg's Jeremy Gerard's late-breaking report is correct, the union representing the stagehands on Broadway has blinked. Gerard reports that two sources have told him that the union conceded a key point that should smooth the way toward a final contract.
According to Gerard:
The union negotiators "said, 'No, no, no, no, no,'" said one of the people, both of whom insisted on anonymity. "And then they said, 'Yes.'"
Of course, nothing is completely settled until the fat lady sings, and that considerable lady is the rank and file membership of Local 1 of the International Alliance of Theatrical Stage Employees, which still must ratify a contract.
Still, you can breathe a sigh of relief if you're holding tickets to most of the Broadway shows that would have been shut down if the League of American Theaters and Producers fulfilled on their threat to impose a lockout.
This is Steve On Broadway (SOB).
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Thanks, Mel! (July 6, 2007)