Studios, writers reach tentative agreement to end strike
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The Writers Guild of America and Hollywood studios reached a tentative agreement Sunday night that sets the stage to end a strike that has been going on since May.
In a letter to its members, the writers union said that an agreement in principle had been reached on all major points.

The final contract language still needs to be firmed up with the Alliance of Motion Picture and Television Producers. After that, the Guild's Negotiating Committee will vote on whether to recommend the agreement and send to its Board and Council for approval. Then, both bodies will vote whether to OK a vote by rank-and-file members.
Among the points writers fought for were regulating the use of artificial intelligence; pay increases; and more residual payments from streaming programs.
Although the strike is not yet over, picketing has now come to an end. Also, the potential agreement doesn't directly impact the ongoing strike by members of the Screen Actors Guild-American Federation of Television and Radio Artists.
AMPTP represents major studios including Amazon (NASDAQ:AMZN), Apple (AAPL), Disney (NYSE:DIS), NBCUniversal (NASDAQ:CMCSA), Netflix (NFLX), Paramount (PARA), Sony (SONY), and Warner Bros. Discovery (WBD).

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