Members of the Writers Guild of America (WGA) walked out in May demanding better pay and safeguards on the use of artificial intelligence.
News that the dispute could be close to an end was met with relief.
In a statement, the WGA said: "We have reached a tentative agreement ... which is to say an agreement in principle on all deal points, subject to drafting final contract language.
"What we have won in this contract - most particularly, everything we have gained since 2 May - is due to the willingness of this membership to exercise its power, to demonstrate its solidarity, to walk side by side, to endure the pain and uncertainty of the past 146 days.
"It is the leverage generated by your strike, in concert with the extraordinary support of our union siblings, that finally brought the companies back to the table to make a deal." The organisation called the deal "exceptional".
The last strike, in 2007 and 2008, lasted for 100 days and cost the industry more than $2bn (£1.6bn).
This time, the industrial action led to chatshows disappearing from US TV schedules and the postponement of filming across the entertainment industry. The chatshows are expected to make a swift return, but although writers will go back to working on films, their production is still being halted by a separate actors' strike.
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