It looks like the full-bells-and-whistles Oscar telecast will happen after all on 2.24, considering the reports that broke around noon today that “major roadblocks” (presumably concerning new media) have been sorted out in WGA-AMPTP strike negotiations, and that some sort of agreement in principle will be resulting fairly soon.
United Hollywood stated today in a 1:23 pm post that “off-the-record sources” had confirmed “that progress is indeed being made in the informal talks, and that creative solutions to the biggest differences between the AMPTP and the WGA have gotten the tentative and cautious approval of both sides.
“This does not mean there is a deal in principle yet. It means we may, finally, be very close to one — as close as days away. And while we’re cautiously optimistic about what we’re hearing, it comes with a real caveat.
“Just as happened with the DGA deal, points that are agreed to in informal negotiation can be thought of as points on a deal memo — but it’s the drafting language that comes from hammering out those points that makes them legally binding. And our sources say that draft language doesn’t yet exist. That’s a big part of what will be happening in the next few days, as negotiations continue.
“Until the WGA and the companies have enshrined the deal points — whatever they are — into real draft language, those deal points can’t be thought of as final.”