The end of the actors' strike is in sight.

According to reports fromThe Hollywood ReporterandVariety, the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) have reached a tentative agreement with the Alliance of Motion Picture and Television Producers (AMPTP).

The strike is set to officially end at 12:01 a.m. on Thursday, afterbeginning on July 14.

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SAG-AFTRA President Fran Drescher and National Executive Director/Chief Negotiator Duncan Crabtree-Ireland speak during a press conference at the labor union’s headquarters in Los Angeles on July 13, 2023.CHRIS DELMAS/AFP via Getty

Fran Drescher (L) looks on as National Executive Director and Chief Negotiator Duncan Crabtree-Ireland speaks during a press conference at the labor union’s headquarters in Los Angeles, California, on July 13, 2023

CHRIS DELMAS/AFP via Getty

SAG-AFTRA approved the agreement in a unanimous vote, and the deal is expected to go to the union’s national board on Friday for approval.

Many actors shared their reactions on social media.Alec Baldwinposted avideo on Instagramwith the caption, “The SAG-AFTRA strike has ended. Congratulations to each and every person, on both sides, who are responsible for this great occasion.“Rosie Perezwrote on X,formerly known as Twitter, “Say what???? YAY!!! The strike is over!!!!! @sagaftra.”

Octavia Spencershared a screenshot of a news article onInstagramand wrote, “Ready to work now that the strike is over! 🎉🎉🎉 Congratulations and thank you to our@sagaftranegotiating committee! Proud to stand in solidarity with all SAG members over the last 118 days 🎉🥳👏🏾🎊🙌🏽🍾#SAGstrike#SAGstrong”

VALERIE MACON/AFP via Getty

SAG-AFTRA President Fran Drescher (C L), with National Executive Director & Chief Negotiator, Duncan Crabtree-Ireland (C R) and actress Frances Fisher (C bottom), joins Writers Guild members at a picket line outside Netflix in Los Angeles on July 14, 2023.

SAG-AFTRA originallyannounced it initiated a strikeafter failed contract negotiations with Hollywood studios on July 13, just over a month after negotiations originally began.

Actors sought better compensation and benefit plans, as the rise of streaming services and complications resulting from the streaming model have contributed to a decline in wages and residuals.

They also were looking for protections against the impact of artificial intelligence on their work.

After SAG members voted 97.91% in favor of a strike authorization on June 5, guild presidentFran Drescherreleased a statement saying: “Together we lock elbows and in unity, we build a new contract that honors our contributions in this remarkable industry, reflects the new digital and streaming business model and brings ALL our concerns for protections and benefits into the now! Bravo SAG-AFTRA,we are in it to win it.”

Drescher also shared a screenshot ofThe Hollywood Reporter’s announcement. For her caption,she wrote, “We did it!!!! The Billion+ $ Deal! 3X the last contract! New ground was broke everywhere! Ty sag aftra members for hanging in and holding out for this historic deal! Ty neg comm, strike captains, staff, Duncan & Ray, our lawyers, the IA team , family and friends. Our sister unions for their unrelenting support! And the amptp for hearing us and meeting this moment!#sagaftrastrong.”

Daniel Radcliffe and Erin Darke on July 21, 2023.John Nacion/Getty

Daniel Radcliffe and Erin Darke join the picket line In New York City on July 21, 2023 in New York City

John Nacion/Getty

Some of Hollywood’s biggest stars evendonated $1 million each or moreto theSAG-AFTRA Foundation’s Emergency Financial Assistance Program to help their fellow industry professionals, includingGeorgeandAmal Clooney,Dwayne Johnson,Meryl Streep,Jennifer Lopez,Ben Affleck,Oprah Winfrey,Julia Roberts,MattandLuciana Damon,Leonardo DiCaprio, Hugh Jackman,Ryan Reynolds,Blake Lively,Nicole KidmanandArnold Schwarzenegger.

The Writers Guild of America (WGA) reached its own agreement with Hollywood studios toend the writers' strikein September.

Kal Penn and John Cho on Sept. 13, 2023.David Livingston/Getty Images

‘Harold and Kumar’ Actors Kal Penn, John Cho Reunite on Hollywood Picket Lines

David Livingston/Getty Images

The writers’ strike,which first started on May 2, had lasted more than 140 days as the union representing entertainment writers working across film, television, news and online media demanded better pay and stipulations over other key points, including staffing commitments and duration of employment.

The WGA’s deal was struck with the AMPTP — which representsNetflix, Amazon, Apple, Disney, Warner Bros. Discovery, NBC Universal, Paramount and Sony — after the two groups met face-to-face Sept. 20, and again virtually on Sept. 24.

source: people.com