Hollywood writers and studios are reportedly near an agreement to end one of the months-long strikes that have brought production of TV shows and movies to a halt.

Citing sources close to the negotiations, CNBC reported Wednesday night that the two sides were close to a deal following a face-to-face meeting earlier in the day. The sides are reportedly optimistic that an agreement can be finalized Thursday. However, the report also said the strike could drag on through the end of the year if a deal is not reached.