Today is a happy day for Hollywood. The Writers Guild strike seems to be on the brink of ending.
Last night, an assembly was held at the Shrine Auditorium in LA, where WGA President Patric Verrone and chief negotiator David Young informed a huge crowd of industry scribes that they had drafted a deal with the Alliance of the Motion Picture and Television Producers. If that deal is passed then the 14 week long strike would be over.
The members of the WGA, who number over 10,000, now have 48 hours to vote on the proposal, which is quicker than usual. It is fully expected that the majority will vote to accept the deal.
Full details of the deal can we found here, but one of the major points is that it deal offers writers a share of the profits from content streamed or downloaded from the internet, as long as it's not solely professional. Lack of share in internet profits was one of the WGA's major sticking points in earlier discussions.
If this all works itself out, writers could be back to work within days and the entire industry can breath a huge sigh of relief that they can go back to work. Jon Stewart would also begin a sprint to get his script ready for the Oscars, which would, yes, finally be given the full go ahead.