90% of the screenwriters in the SGA have voted to go ahead with a strike on November 1 if their demands are not met in the on-going negotiations.
What is going on here is that writers want to get additional compensation to cash in on their products being sold through "emerging mediums" like iTunes and other services. The Directors Guild of America and the Screen Actors Guild, also want to tap these new revenue streams. Producers are naturally balking at this. So negotions are underway to discuss it, but it sounds like things are taking a turn for the worse.
And at the same time, Stagehands also vote to authorize a strike for other reasons, which will kill Broadway during its most profitable season.
So what does all of this mean for regular folks like you and me if everybody strikes? Bill Gorman of TV By the Numbers has an analysis of what could happen. To put it in a nutshell: re-runs. Lots and lots of re-runs.