Just one day into symbolic walk-out, a federation of Bollywood labor unions announced that its demands for increased pay and better overtime benefits for actors, technicians, and cameramen were met by producers, according to the BBC.

“The producers have agreed to our demands,” Dinesh Chaturvedi, the general secretary of the Federation of Western India Cine Employees, reportedly told the media moments after the strike was announced over on October 3rd.

Organized by the Federation of Western India Cine Employees, a union representing more than 100,000 Bollywood actors, writers, and technicians, went on strike one day earlier in protest of what they said were “unfair labor practices” and “erratic pay schedules.”

According to Chaturvedi, terms of the new deal include limitations of filming sessions and oversight of payment disputes. Specifically, filming sessions for television shows reportedly will be limited to 12 hours, under the accord. An oversight committee to investigate payment disputes will also be established, according to union officials.

Industry insiders reportedly said those who build movie sets and handle lighting were paid the equivalent of $11 per day with no overtime, despite long hours, before the October 3rd accord was reached between producers and Bollywood talent.

With the new deal, Bollywood will resume production. The short strike brought a halt to the world’s largest entertainment industry.

“Workers are paid for eight hours, but they work far beyond this. They are not paid more money and are not even paid on time,” Chaturvedi told reporters in Mumbai the day the strike began.

More than 100,000 technicians, dancers, and other film workers participated in the strike, reportedly represented by a federation of 22 industry unions.

As an industry, Bollywood, which is based in Mumbai, produces more than 800 movies per year, including 200 Hindi-language films.

Producers reportedly worked around the clock to draft an acceptable offer to union officials.

“The strike is not in anyone’s interest,” Ratan Jain, president of the Association of Motion Picture & TV Program Producers, told reporters when the strike began Wednesday.

A major player in the local economy, Bollywood reportedly generated about $2 billion in revenues in 2006, according to PricewaterhouseCoopers. The accounting firm predicts that revenue will double by 2012. Reports that several megastars did not work on Wednesday were not confirmed.

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