The American Federation of Television and Radio Artists (AFTRA) had reached a deal with the Alliance of Motion Pictures and Television Producers, avoiding a strike.
The tentative deal was completed on Wednesday following 17 days of negotiation.
This is only half of the war though for the studios as they still have to reach a deal with the Screen Actors Guild before their contract is up.
The AFTRA and SAG contracts were set to expire on June 30th.
There is no word yet on the actual details of the new deal, but it is likely the SAG will follow suit.