SAG-AFTRA members walk the strike line outside Paramount Studios in Los Angeles, California, October 20, 2023, on the 100th day of their ongoing strike.

Mario Anzuoni | Reuters

Hollywood actors and studios have a temporary employment contract.

“In a unanimous vote this afternoon, the SAG-AFTRA TV/Theatrical Committee approved a tentative agreement with the AMPTP that ends the 118-day strike,” the actors’ guild said in a statement, adding that the strike officially ended at 9: 00 p.m. will end at 12:01 a.m. Thursday.

The tentative deal will be presented to the union’s executive board on Friday for “review and consideration,” the statement said, adding that further details would be announced after the meeting.

Talks between the Screen Actors Guild-American Federation of Television and Radio Artists and the Alliance of Motion Picture and Television Producers resumed in recent days after abruptly ending last month, ultimately resulting in a tentative agreement that would end the actors’ strike.

Hollywood actors initiated a work stoppage in mid-July when negotiations with studios including Disney, Paramount, Universal, Netflix and Warner Bros. Discovery collapsed.

The studios presented their “last, best and final offer” over the weekend, with top executives making it clear they would not make any further concessions. SAG-AFTRA spent time on Sunday and Monday evaluating the deal.

Television and film actors wanted to improve wages, working conditions, health and pension benefits, and create guidelines for the use of artificial intelligence in future television and film productions. In addition, the union demanded more transparency from the streaming services about viewership numbers so that the remaining payments can be aligned with linear television.

The deal comes more than a month after SAG-AFTRA’s sister guild, the Writers Guild of America, solidified a new deal with studios and ended its own strike.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is a member of the Alliance of Motion Picture and Television Producers.

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