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“It is an agreement that protects a future in which the Internet becomes
the primary means of both content creation and delivery,” they said. “It creates
formulas for revenue-based residuals in new media, provides access to deals and
financial data to help us evaluate and enforce those formulas, and establishes
the principle that, ‘When they get paid, we get paid.’ ”

Verrone and Winship said in the message that the time has come to end
the strike and cited the “enormous personal toll on our members and countless
others.”
“As such, we believe that continuing to strike now will not bring
sufficient gains to outweigh the potential risks and that the time has come to
accept this contract and settle the strike,” they said. “Much has been achieved,
and while this agreement is neither perfect nor perhaps all that we deserve for
the countless hours of hard work and sacrifice, our strike has been a success.”

The finalized deal came a week after the Feb. 1 breakthrough in informal
talks between WGA leaders — Verrone, negotiating committee chief John Bowman and
WGA West exec director David Young — with News Corp. president Peter Chernin and
Disney topper Robert Iger.