Former Disney CEO and current CNBC show host Michael Eisner, appeared on CNBC's Fast Money telling host Dylan Ratigan that the Writers Guild of America strike "is over."
"It's over. They made the deal, they shook hands on the deal. It's going, on Saturday, to the writers. A deal has been made. They'll be back to work very soon," Eisner predicted. "I know it's over."
"One thing that is great is, talent will win out. Talented writers will get new deals," Eisner said. "But for the short term it was a mistake."
After Eisner's appearance on CNBC, shares of Disney jumped 1% and shares of CBS Corp. jumped about 2% in after-hours trading.