Lord Strange’s Men

These are performed up and down the country by theater companies called after lords, for example “Lord Sussex’s Men,” “Lord Strange’s Men,” “the Lord Admiral’s Men,” and “Lord Leicester’s Men.” The reason for these names is that, while unattached actors are liable to be arrested for vagrancy, the Act of 1572 specifically excludes players properly authorized by lords from being considered vagabonds.

The Time Traveler’s Guide to Elizabethan England, Ian Mortimer