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Michael Eisner Says the Writers' Strike Is Over

Former Disney CEO Michael Eisner appeared on CNBC's 'Fast Money' and said the Writers Guild of America strike is over.

"It's over," Eisner said. "They made the deal, they shook hands on the deal. It's going on Saturday to the writers in general."

"A deal has been made, and they'll be back to work very soon," he said, adding, "I know a deal's been made. I know it's over."

Eisner did not elaborate on the terms of the deal, but said that many of the writers will not be getting their same deals they had with the studio, due to cutbacks from the strike: "One thing that is great is, talent will win out. Talented writers will get new deals. But for the short term it was a mistake."

Meanwhile, reporter Nikki Finke says that by the end of Friday, the WGA hope to finish drafting the language of the deal so members can go over the details before the Saturday meetings. The meetings will also allow governing boards to gauge the response and decide whether the membership will approve the contract or not.

This will determine if the strike is called off immediately. The official vote to approve any deal will take place on Sunday but it will likely be a formality by that point, and officially announced by Sunday night or Monday morning.

February 8, 2008 |

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