To end their four-month strike, the Hollywood actors’ union has reached a tentative agreement.

To put an end to a months-long strike, Hollywood studios and the US actors’ union Sag-Aftra have tentatively reached an agreement.

The 118-day shutdown that had crippled the entertainment sector and postponed production on several high-profile TV series and movies came to an end with a unanimous vote on the agreement. Actors’ demands include increased compensation and restrictions on AI use. The union claimed that the three-year agreement would “make a long-term difference for the future of our members in this industry.”

A new “streaming participation” bonus, higher minimum salaries, and greater safeguards against artificial intelligence mimicking their voices and images were all included in the deal, which was estimated to be worth over $1 billion (£814 million). The strike would formally end on Thursday, and after a meeting on Friday, further information would be made public.

The AMPTP, which has about 160,000 members, is happy that a tentative agreement has been reached and is eager for the industry to get back to work creating amazing stories. Sag-Aftra gained “the biggest contract-on-contract gains in the history of the union” as a result of the agreement.

Sag-Aftra, which has about 160,000 members, has been on strike since July 14. The strike has had a significant negative impact on people working in all areas of the film and television industries as well as in nations like the US and the UK. Deadline estimates the combined effect of the writers’ and actors’ strikes on the California economy to be more than $6.5 billion (£5.3 billion) to date. Mayor Karen Bass of Los Angeles praised the “fair agreement” and stated that “millions” of people in Los Angeles and across the nation had been affected by the strikes.