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Breaking: Writers' Strike May End Soon

Sat., Feb. 2, 2008 3:25 PM PST by

WGA Strike Signs AP Photo/Nick Ut

It seems this week's rumors that the writers' strike is coming to an end may indeed be true. We are hearing from several sources that the WGA and the AMPTP are "very close" to a deal, which could be announced as early as later today.

According to reliable insiders who asked not to be named, the writers and producers were in talks for nine hours yesterday and made a "staggering amount of progress," as all of the major sticking points have been settled.

"We are 99.9 percent of the way there," one source inside the negotiations said. "As of late yesterday, just a few small issues remained."

The stickiest issue of all, compensation for new-media projects, has been agreed upon by both sides, according to sources. Said one: "There is most certainly light at the end of the tunnel, and we are rapidly approaching it."

Stay tuned, and keep those fingers crossed. An announcement could come any minute.

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