Deal Struck in the Writers' Strike

HOLLYWOOD, CA (KAIT) - The presidents of the Writers Guild of America announced a tentative deal Saturday in the extensive strike that has put most fictional television shows on the shelf since last year.

"It is an agreement that protects a future in which the Internet becomes the primary means of both content creation and delivery," Patric Verrone and Michael Winship said in a letter to members.

The focus of the talks was on royalties for TV programs and movies sold on the Internet through services such as iTunes (where you can buy full length movies).

If this deal is finalized, the unions could quickly lift the strike and dozens of TV shows would be able to return to production, putting thousands of actors, crew members and others back in a job.

This could also mean the Academy Awards scheduled for February 24th may be safe.  The strike had caused the cancellation of awards shows and threatened others.

Talks will continue today as more is negotiated.

The Associated Press contributed to this report.