The strike that had been going on since the last one month had even threatened to shorten the upcoming 16th season of American TV's longest-running comedy.

"We couldn't be happier to have reached a multi-year deal with the enormously talented cast of The Simpsons. Fans will be pleased to know that despite our recent production delay, we are optimistic that they can look forward to a full season's episodes next year on Fox and hopefully many years to come," the studio said in a statement.

According to a Reuters report, the show's six principal cast members will get a 100 per cent raise in remuneration as their salary is going to be doubled from $125,000 to $250,000 per episode, as per the new settlement.