A deal has been reached to end the Hollywood writers' strike, according to a U.S. media report.
"It's over," former Walt Disney chief executive Michael Eisner told CNBC. "They made the deal, they shook hands on the deal. "
The major media companies and the Writers Guild of America reached an agreement last Friday, Eisner said live on CNBC's Fast Money.
"I have some friends in certain places and I believe there was a handshake last Friday... it's possible they (the writers) will turn it down but it would be insane if they turned it down," Mr. Eisner added.
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