By Dawn Chmielewski, Lisa Richwine and Danielle Broadway LOS ANGELES (Reuters) -Hollywood's writers union reached a preliminary labor agreement with major studios on Sunday, a deal expected to end one of two strikes that have halted most film and television production and cost the California economy billions.

Union leaders and Hollywood studios reached a tentative agreement Sunday to end a historic screenwriters strike after nearly five months, though no deal is yet in the works for striking actors.

The three-year contract agreement must be approved by the guild’s board and members before the strike officially ends.

Now that a tentative deal has been struck to end Hollywood's writers strike after nearly five months, several steps remain before the industry gets back to normal

Talks between the Writers Guild of America and the Alliance of Motion Picture and Television Producers resumed last week after months of starts and stops.

Hollywood’s longest and most costly labor strikes may finally be coming to an end.

An agreement has been reached between the WGA and major studios and streamers after 146 days of striking halted Hollywood production. The industry players are said to have reached a tentative compromise on a new three-year contract on Sunday.

Hollywood writers and studios have finally agreed to a new contract after a nearly 150-day strike brought the entertainment industry to a grinding halt.

The Hollywood writers strike may be close to an end. After a more than 140-day work stoppage, the Writers Guild of America (WGA) announced on Sunday night that it reached a “tentative agreement” with major Hollywood studios on pay, working conditions, and more.