SAG-AFTRA members picket outside of Netflix's building on day 99 of their strike against the Hollywood studios in Hollywood, California on October 20, 2023. Talks between Hollywood actors and studios over an ongoing strike have collapsed on October 12, 2023, in a blow to hopes for a swift end to a crisis that has crippled the entertainment industry. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
CNN  — 

It appears the actors’ strike is approaching its final scene.

SAG-AFTRA, the union that represents more than 150,000 Hollywood actors, and the AMPTP, the trade group that represents the major studios, have made significant progress in negotiating sessions in recent days, arriving at tentative understandings on key components of a potential deal, according to people familiar with the matter.

That progress has led to hopes that an agreement could be reached as early as this week or next week, the people said. Duncan Crabtree-Ireland, SAG-AFTRA’s chief negotiator, told Variety on Monday from the picket lines, “There has been progress, and that’s the source of my continued cautious optimism.”

While talks continue between the two sides to end the strike that has shuttered production for more than 100 days and pushed back film and television schedules, people familiar with the matter cautioned that there are still contentious matters that remain unresolved. One such issue, the use of artificial intelligence, has proved to be a sticking point between the writers and studios and required careful examination. Ultimately, erecting guardrails around the emerging technology that the actors have decried as an “existential threat” to their livelihoods has been one of the final items on the agenda during negotiations.

There does, however, appear to be some momentum toward a deal, which could help the two parties solve for such issues. As with the writers’ strike that ended earlier this month after a 148-day standoff, the four big studio chiefs — Disney’s Bob Iger, Warner Bros. Discovery’s David Zaslav, Netflix’s Ted Sarandos, and NBC Universal’s Donna Langley — have been directly involved in negotiations.