Well-connected CNBC host David Faber quotes people close to negotiations between top Hollywood studio producers and striking writers: saying The parties “hope” to close a new agreement tomorrow. The WGA strike began in early May before actors (SAG-AFTRA) also went on strike in mid-July, the first time this has happened in 63 years.

They cited some similar issues in trying to protect members’ livelihoods as streaming entertainment grows and studios begin to use generative AI tools in the entertainment business.

Deadline previously reported on Wednesday’s meeting between the Writer’s Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP). Both sides issue a joint statement saying only that “they met today to negotiate and will meet again tomorrow.” However, according to Faber, if no agreement is reached, the strike would likely extend into next year.

Wednesday’s meeting reportedly included executives such as Netflix CEO Ted Sarandos, Disney CEO Bob Iger, Warner Bros. Discovery CEO David Zaslav, and Universal’s chief content officer, Donna Langley, as well as the WGA chief negotiator and the president of the AMPTP.

There is still no word on any progress toward ending the SAG-AFTRA strike against the studios, even as that union is voting on whether to also authorize a strike against the gaming industry. That vote is scheduled to close at 5 pm PT on Monday, September 25.

(Divulgation: The edge The editorial staff is also unionized with the Writers Guild of America, East.)