Studios and writers have agreed to contract terms according to aol.com but there still seems to be some discussion over the precise language of the contract. There are talks that a formal deal is possible by the end of this week. All parties are trying to wrap this up so as not to disrupt the OSCARS.

There was significant progress toward a proposed agreement last week on the toughest issues concerning compensation for projects distributed via the Internet.

While specifics of the negotiations were not disclosed, the proposal agreement is believed to include significant increases in the residuals that writers get for online use of movies and TV shows.

This all on the heels of a tentative agreement with the DGA that included some paid Internet Downloads, ad-supported steaming programs and increased residuals.