The three-month old writer's strike may be over in time for the Oscars but studios and the union are still arguing over the exact language, two people close to the talks said.
A formal deal may be possibly by the end of week said one of the sources.
Significant increases in the residuals that writers get for online use of movies and TV shows are believed to be in the proposed agreement.
News blackout are said to be the cause for the guild and the studios to continue to decline comment on the negotiations.
However actors attending an Academy Awards luncheon on Monday appeared optimisic that a deal would be reached in time for the Academy Awards on Feb. 24.
"I'm a positive individual. I think the sun will come up tomorrow," said Viggo Mortensen, a best-actor contender for the crime tale "Eastern Promises."
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Related Stories:
Strike: An end in sight? (CNN.com [AP])
Progress Toward Ending Writers’ Strike (New York Times)
Strike May End Soon, but Writers May Confront a Hostile Hollywood
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