This article is one reason a lot of folks are stressed out in Hollywood right now. We are trying to cast our movie and every day another actor is unavailable. Ugh!
If there is a strike, most of us at production companies will lose our jobs, even with contracts. There is a clause, in all these contracts that under extreme circumstances they are null and void. A strike by the actors, writers and director's Guilds would qualify.
Most people think well, these guys get paid a lot. That is true for a tiny minority. Over 90 percent of the people in the Screen Actors Guid are unemployed. The big issues are going to be over DVD profit sharing and other ancillary markets (the web, iPhone etc.). It might get ugly.
Why worry now? The problem is you need more than a year for most movies to prep, shoot and edit. It's going to be an interesting 11 months.
I hope our movie gets made. I need to get one movie in the can before June '08. If I lose my job, I will have a little bit more in savings. No movie = no Producer's fee = a broke-ass unhappy person.