The guild reached a tentative agreement on Saturday with the Alliance of Motion Picture and Television Producers. The deal will run for four years — instead of the typical three-year term — a significant benefit to the studios, which will get an extra year without the possibility of a strike. Details were not immediately forthcoming, but the deal was expected to include a major cash infusion into the guild’s teetering health fund, which has bled $200 million over the last four years.
Source: WGA Reaches Surprise Deal With Studios a Month Before Contract Expires