Noun
piece of the action (plural pieces of the action)
(idiomatic) A portion of the monetary gains or other benefits produced by some venture or activity; a share of participation in a venture or activity.
When a record co. finds a guy now, they want to own everything. They want to own the rights to market that person's particular name. They want a piece of the action all the way through. Mickey Gilley
It also holds "Jumpin' the Gun" and "Piece of the Action", which are among Meat Loaf's favorite songs. Source: Internet
"Piece of the Action", "Sailor to a Siren" is the B-side and "Nowhere Fast" were also released singles with extended mixes and exclusive songs: "Take a Number", "Stand by Me" (a Ben E. King cover) and "Clap Your Hands". Source: Internet