A deal reached between the Grammys and striking writers is music to the ears of the music industry. Jesse Russell reports:

With album sales declining year-over-year, the music industry can use any help it can get. One of the key promotional outlets for many artists is being tapped for a Grammy. Until Monday, that event was in jeopardy as writers continue a strike that is going on three months. The Writers Guild of America reached an interim agreement with The Recording Academy that will allow writers to work on the show. The Grammys are scheduled for February 10. With the "interim agreement" reached on The Grammys, the Academy of Motion Picture Arts and Sciences are taking it as a sign that an agreement can be reached in time for their annual award show--the Oscars.

The writers walked off the job in early November and one of the primary sticking points is compensation for work that appears on emerging new media.