Hollywood star Alec Baldwin has reached an out-of-court settlement with the family of the deceased after the fatal shooting of camerawoman Halyna Hutchins during a western shoot.

Baldwin announced this on Instagram on Wednesday.

"We are grateful to everyone who helped resolve this tragic and painful situation." Baldwin said everyone was always concerned about what was best for Hutchin's son.

Hutchin's widower Matthew, who sued Baldwin and other producers of the western Rust in February, said the film should now finish filming in January 2023.

He himself will be the producer of the western, and the lawsuit will be withdrawn.

According to US media reports, Hutchins will receive a portion of the film's earnings.

The agreement still has to be approved by a court.

In October 2021, Baldwin accidentally shot and killed 42-year-old cinematographer Hutchins with a prop gun while filming low-budget western Rust in the state of New Mexico.

The revolver was apparently loaded with at least one real bullet.

It is not yet clear how this could have happened.

A number of civil lawsuits have been filed over the fatal shooting.

Authorities have not yet filed any charges against those involved.

However, the public prosecutor has not ruled out that this could still happen.