Date: 6th February 2008

Oscar President: "The Show Will Go On"

Academy Awards president Sid Ganis has said there is "no doubt" the Oscars ceremony will take place despite the threat posed by the writers' strike.

He said that "things are looking very, very good now" for the 24 February gala amid reports of a breakthrough in negotiations to end the dispute.

Industry newspaper Variety reports the strike could end as early as next week as talks to hammer out a deal continue.

But it added that there was still work to be done on the agreement.

Source: Press Release