Academy Award organisers have said they are ‘running out of time’ in the hunt for a deal to avoid the Oscars being hit by the Hollywood writers’ strike.

The annual awards ceremony could be boycotted by stars and scaled down if writers do not agree to suspend picket lines for the event, due to be held in Los Angeles on February 24.

The Writers Guild of America (WGA) has already agreed not to picket Sunday’s Grammy awards in Los Angeles – but it has not revealed if it will picket the Oscars.

Oscars boss Sid Ganis said organisers needed to know the intentions of the WGA as soon as possible ‘as a matter of logistics’.

He said: “We have nominees and potential presenters who live all over the globe. I’m nervous,” Mr Ganis told Variety. “We’re getting down to the final moments – we need to make plans.”

In a letter written to WGA members on Wednesday, leaders said they were ‘continuing to negotiate the terms of a tentative agreement’ with production companies.

At the weekend, the two sides made progress on negotiations over internet and DVD payments for writers’ work, the Associated Press said.

If a deal can be reached, WGA members could vote to call off the strike, which began in November.