Craig Zadan and Neil Meron have set a legit production and development pact with the Shubert Organization.

The deal covers the pair’s work on original plays and musicals, as well as revivals. Zadan (pictured right) and Meron (left), the busy Hollywood producers of NBC’s upcoming live telecast of musical “Peter Pan” as well as the exec producers of next year’s Oscarcast, have until now focused their Broadway output on actor-driven revivals, including “Promises, Promises” with Sean Hayes and “How to Succeed in Business Without Really Trying” starring Daniel Radcliffe. With those productions under their belt, the duo have said they’re now ready to pursue original work for the Main Stem.

As the owner and/or operator of 17 of Broadway’s 40 theaters as well as other venues around the country, the Shubert Org is one of the most powerful entities in the theater industry. (Broadway’s two other major theater chains, the Nederlander Org and Jujamcyn Theaters, weigh in at nine theaters and five theaters, respectively.) Zadan and Meron’s “Promises, Promises” played a Shubert theater.

“We’ve known and admired Craig and Neil since their early years in New York in the 1970s,” said Shubert chairman Philip Smith. “They’ve gone on to triumph in every entertainment medium.”

Zadan and Meron, who got their start in New York theater before shifting to Hollywood, are shepherding “Peter Pan” to the airwaves for a Dec. 4 broadcast following the ratings success of their production of “The Sound of Music Live,” and the upcoming Oscar ceremony will mark their third outing as exec producers of the kudofest. Their screen projects have often had ties to stage properties, with the duo having brought musicals “Gypsy,” “Cinderella” and “Annie” to television as well as “Hairspray” and “Chicago” to the bigscreen.