Writers and producers are nearing an agreement to end the ongoing WGA strike

Writers and producers are nearing an agreement to end the ongoing WGA strike, per CNBC.

David Faber said: After face to face meeting today, writers and producers near agreement to end WGA strike. Met today and hope to finalize deal tomorrow, according to people close to the negotiations, who, while optimistic, warn that  without deal tomorrow strike likely continues through year end.

"Joint Statement from WGA and AMPTP: The WGA and AMPTP met for bargaining today and will meet again tomorrow," the WGA tweeted Wednesday afternoon.

"Though we negotiated intent on making a fair deal — and though your strike vote gave us the leverage to make some gains — the studios' responses to our proposals have been wholly insufficient, given the existential crisis writers are facing," the WGA said in a statement on May 1st. "We must now exert the maximum leverage possible to get a fair contract by withholding our labor."

The WGA has been on strike for 142 days.