Sir George Bain said the musicians had agreed to a new deal over pay
Media playback is unsupported on your device
Video

Ulster Orchestra says it is 'hopeful' after funding deal is agreed

The Ulster Orchestra has said it is "very hopeful" that its immediate financial problems have been solved.

It is understood the orchestra will now receive £400,000 from Stormont as part the redistribution of unused budgets, and £100,000 from Belfast City Council.

BBC News NI Arts Correspondent Maggie Taggart reports.

Go to next video: Ulster Orchestra 'may face closure'