The Writers Guild of America and the major studios reached an tentative agreement on a three-year contract after less than three weeks of negotiations, reports the Los Angeles Times’ Company Town blog.

The agreement includes a 20% jump in pay TV residuals, a 2% increase in annual wage rates and an increase in employer pension contributions to 7.5% from 6%, the story says. The quick conclusion to the negotiations was in contrast to the 2007 talks, which ended with a 100-day strike, the story says.

Not everyone is pleased with the deal, according to Deadline.com’s Nikki Finke. "Several veteran writers are calling this the worst deal they’ve ever been handed," Finke writes.