The strike will officially end at midnight, the union said in a statement, concluding one of the longest and most disruptive strikes in Hollywood’s history that brought the industry to a standstill. “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!” Drescher posted on Instagram Wednesday. Union president Fran Drescher called the agreement “historic,” and the studios said the agreement “represents a new paradigm” for Hollywood, TV and the actors. Both the AMPTP and the actors praised the deal. The Alliance of Motion Picture and Television Producers, which represents the studios, had been negotiating with the union off and on throughout the year to reach a deal. The strike had shut down production across the industry for nearly four months and raised existential questions over the future of the entertainment business. Hollywood actors have reached a tentative agreement with the major film and television studios to end their historic strike, the actors union announced Wednesday.
