Hollywood executives reached a tentative agreement with hundreds of thousands of film and TV actors on Wednesday, finally bringing to an end a seismic period of dual strikes in the entertainment industry.

The Screen Actors Guild - American Federation of Television and Radio Artists said members of the unions negotiating committee approved the tentative deal in a unanimous vote, bringing an end to the 118-day strike, the union said in a statement. The strike officially ends at 12:01 a.m. on Thursday, November 9.

Details of what the actors won in the deal will be released Friday, when the unions national board is slated to vote on it. Its expected to include historic new provisions such as increased payments for the success of streaming shows, as well as protections around the use of artificial intelligence and actors digital likenesses.

In a series of posts on the site formerly known as Twitter, the union said it had achieved a deal of extraordinary scope.

We have arrived at a contract that will enable SAG-AFTRA members from every category to build sustainable careers, the union said. Many thousands of performers now and into the future will benefit from this work.

The deal will mean actors can soon return to work, pending union members approval of the agreement. Production on new shows and movies will be able to resume, ending the standstill on most film and TV production across the country over the last few months.

There had been hopes that actors were close to a deal in early October, after studio executives reached a different but related deal in late September with film and TV members of the Writers Guild of America, who had been on strike for nearly five months. The writers won many groundbreaking new provisions , including higher wages, streaming residuals, more transparency around streaming profits and viewership, as well as guardrails around the use of artificial intelligence. (HuffPosts unionized staff are members of the WGA East, but covered by a different contract.)

That momentum spurred a new round of negotiations between SAG-AFTRA leaders and those same studio executives, represented by the industry group Alliance of Motion Picture and Television Producers. The two sides had not met since actors went on strike, which began on July 14 , joining the 11,500 film and TV writers on strike since May 2.

But on Oct. 11, studio executives walked away from the negotiating table . According to SAG-AFTRA, the executives had presented an offer that was, shockingly, worth less than they proposed before the strike began. The studio executives also reportedly refused to budge on several key issues, including wage increases, streaming revenue-sharing and actors being able to consent to their AI likenesses being used.