Hollywood studios offer counterproposal to screenwriters in effort to end strike

The striking Writers Guild of America is evaluating a counterproposal from major Hollywood studios that, if agreed upon, would allow union members to resume working after more than 100 days of the walkout. 

The WGA said it will respond to the offer from the Alliance of Motion Picture and Television Producers (AMPTP) this week, as financial losses for the industry mount. Experts estimate the total hit to California's economy now amounts to an estimated $3 billion. 

The offer from the AMPTP, which represents eight major studios, came Friday, the WGA said.