Hollywood actors may soon be back to work. The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) have approved a tentative deal with the Alliance of Motion Picture and Television Producers (AMPTP) — the trade association representing Hollywood studios — to end their strike.

“In a unanimous vote this afternoon, The SAG-AFTRA TV/Theatrical Committee approved a tentative agreement with the AMPTP bringing an end to the 118 day strike,” SAG-AFTRA said in a statement to the Los Angeles Times. “The strike officially ends at 12:01 a.m. on Thursday, November 9.”

“In a contract valued at over one billion dollars, we have achieved a deal of extraordinary scope that includes “above-pattern” minimum compensation increases, unprecedented provisions for consent and compensation that will protect members from the threat of AI, and for the first time establishes a streaming participation bonus,”the union said in a thread on X (formerly Twitter). “Our Pension & Health caps have been substantially raised, which will bring much needed value to our plans. In addition, the deal includes numerous improvements for multiple categories including outsize compensation increases for background performers, and critical contract provisions protecting diverse communities.”

Full details about the deal won’t be shared “until the tentative agreement is reviewed by the SAG-AFTRA National Board,” the union said. If the board approves the agreement, then the union will vote on it.

Since actors went on strike in mid-July, a number of Hollywood productions were put on pause. In addition to Disney’s live-action Snow White, Spider-Man: Beyond the Spider-Verse, Dune: Part Two, Beetlejuice 2, and Deadpool 3 will all have later-than-expected release dates.

The Writers Guild of America’s (WGA) strike also impacted some productions. Writers were on strike for nearly 150 days before reaching a deal with the Alliance of Motion Picture and Television Producers (AMPTP) in September.

(Disclosure: The Verge’s editorial staff is also unionized with the Writers Guild of America, East.)

Update November 8th, 9:43PM ET: Added details from SAG-AFTRA’s X thread.