The union and the studios came to an agreement on paying writers for their work that's distributed on the internet. Writers will now get a maximum flat fee of about $1,200-dollars for the first two years and then a percentage after that. "In retrospect, I feel like the strike action, although it was financially dislocating for a lot of people and caused a lot of pain throughout the industry, ultimately accomplished its goal - which is to give us a slice of that new media pie," said writer Chris Brancato.
The end of the strike means many hit TV shows are expected to return this spring for what's left of the current season. The Academy Awards can now be staged on February 24th without the threat of pickets or a boycott.