After several months of tense stand-off, the Writers Guild of America and the AMPTP have struck a tentative three-year deal for film and television.
Negotiations extended an hour past the early Tuesday morning deadline when word came the two sides had reached an agreement.
Members of the WGA leadership have signed off on the deal, which the negotiating committee will examine on Thursday before guild members vote on its ratification. An official announcement is expected shortly.
96% of the WGA’s union members authorized a strike but with a deal in place now they can avoid the events of ten years ago when an over three-month stoppage was believed to have cost the California economy more than $2 billion.
Source: The Tracking Board