March 16, 2014
Hollywood writers are going back to work.
The Writers Guild of America says its members have voted to end the three-month strike that brought the entertainment industry to a standstill.
Under the agreement, writers get a maximum flat fee of about $1,200 for programs streamed on the Internet in the deal's first two years and then get two percent of a distributor's gross in year three. There will be increased residual payments for downloaded movies and TV programs.
CBS chief executive officer Leslie Moonves says it's "a fair deal" and "everybody won."
Guild members still have to ratify the contract.
The end of the strike means the Academy Awards can go on February 24 without the threat of pickets or an actor boycott.