Depends on who you ask. Former Disney Chief Michael Eisner tells CNBC that the it’s essentially over. The two sides have reached a handshake deal and will be taken to the writers on Saturday. Moreover, he believes the deal will be impossible to turn down.

From CNBC’s transcript:

Dylan Ratigan of CNBC: Where do we stand on the writers strike?

Eisner: “It’s over. They made the deal. They shook hands on the deal … It’s going on Saturday to the writers in general. It’s impossible that the constituency of writers — I don’t think it’s possible. It’s impossible to turn it down. (The) deal has been made, and they’ll be back to work … I know it’s over. Now, I don’t have a job, so I have nothing to lose.”

Viacom Executive Chairman Sumner Redstone, who was honored on Thursday for at the Paley Center Annual Gala also sounded optimistic.

“In the end, content creators and content owners are on the same side of the table. Writers tell the story. We sell the story. We both seek the same goal: To optimize the value of that content over as many platforms as we can.

“As the industry’s recent negotiations with the Director’s Guild demonstrate, calm, collected minds can agree on a model that makes sense for all concerned.

“It is my and my peers’ hope that we can extend the benefits of that accord to the members of the Writers’ Guild and put this difficult period behind us.”