Hollywood film and TV stars are praising a “tentative agreement” that has been reached with Hollywood studio bosses marking the end of a strike that has lasted many months.

Academy Award winner Octavia Spencer led a host of famous faces celebrating the news, writing on Instagram: “Who else is dancing right now? Ready to work now that the strike is over!”

She added: “Congratulations and thank you to our @sagaftra negotiating committee! Proud to stand in solidarity with all Sag members over the last 118 days.”

Similarly, This Is Us star Mandy Moore said on her Instagram story: “Let’s get back to work, friends!”

She added: “Thank you @sagaftra negotiators and leadership for getting us over the finish line!!! Gratitude is the attitude!!

“And grateful to all those who walked the walked (picketers, strike captains, our fellow union brothers and sisters etc),” she added.

Appearing on the red carpet at the premiere of The Iron Claw, US actor Zac Efron said: “Incredible, I’m so happy that we’re all able to come to an agreement, let’s get back to work, I’m so stoked.

“I literally just found out a minute ago so this is great news, congrats everybody we did it, love you guys, let’s go.”

Meanwhile, US actor Alec Baldwin captioned a celebratory Instagram video: “Congratulations to each and every person, on both sides, who are responsible for this great occasion.”

Oscar-winner Jamie Lee Curtis wrote on her Instagram story “Perseverance pays off!”, while Stranger Things actor Noah Schnapp said “We did it!!!!” and Abbott Elementary creator-turned-star Quinta Brunson wrote: “Oh, we’re very back.”

Hawaii Five-0 actor Daniel Dae Kim also tweeted: “Woo hooo!!!! Let’s hope the deal is fair and we can get back to work!”

Sag-Aftra president Fran Drescher, who has been at the front of negotiations, also took to Instagram to share her delight, revealing the tentative deal is worth three times the last contract.

“New ground was broke everywhere,” she said.

While Los Angeles Mayor Karen Bass shared an official statement describing her gratitude that a “fair agreement” had been reached “after a more than 100 day strike that impacted millions in Los Angeles and throughout the country”.

She added: “Those on the line have been the hardest hit during this period and there have been ripple effects throughout our entire city.

“Today’s tentative agreement is going to impact nearly every part of our economy. Now, we must lean in on local production to ensure that our entertainment industry rebounds stronger than ever and our economy is able to get back on its feet.”