Indeed, by 1980, according to a study by Scott Henderson, the number of small theaters had increased to 124 theaters and 41 independent production companies from a mere 45 in 1970. Many ensembles and artists that are fixtures on today’s L.A. theater scene trace their beginnings to this first decade, from the Matrix to Colony to the Victory. And a few that had already existed in non-Equity form, such as East West Players, Company of Angels, and the Odyssey, were given new life and legitimacy by the Waiver.
Curiously, L.A.’s midsized theaters-hence theaters offering paying Equity contracts-also began to thrive in the ensuing decades, as the Taper achieved national fame in mid-1970s, the Westwood Playhouse opened in 1975, and the Pasadena Playhouse made a second entrance in 1986.
H/T Matt Freeman.