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The potential writer's strike is being negotiated between the Writer's Guild of America
If a strike happens, no writer in Hollywood would be allowed to work until a new contract is signed
This would cause any ongoing rewrites or developments to come to a standstill
The strike could have a cascading effect of delays and setbacks
The writers are often paid very little and don't receive much in residuals or royalties
Even if a writer delivers a successful script, they typically only receive a one-time fee
There are many people involved in the production of a film or TV show
The strike could have huge ramifications for the industry
The negotiation deadline is midnight tonight
It's important to understand the impact of a potential writer's strike on the industry