If SAG goes out on June 30, that just shuts down the entire industry. A strike would cause such economic devastation that would make the movie industry a vast wasteland. The enormity of that is so appalling that I do believe that as we get closer to where our car drives off the precipice that wise and rational, intelligent people will find some common ground. A strike is unthinkable. We have some time yet.
Talks have to resume.
SAG has yet to begin negotiations on a new film and television contract. The deadline to reach an agreement on a new SAG contract is June 30. There are differences of opinion within the industry, but I don't think a strike of six months will have a serious impact on our theaters. Studios have been pushing product through their pipelines fast and furiously in order to have enough product for the coming year. Speaking from experience, Valenti warned reporters gathered for an early morning news conference at Bally's that a strike would have many victims.