This is Hollywood, which means that even the Writers Guild of America’s threat of a strike against the major studios has to contain a cliffhanger.

Last minute negotiations:

Late on Monday, a brief statement was issued by the writers and Alliance of Motion Picture and Television Producers saying that they would resume talks on April 25, leaving less than week before the expiration of their existing contract on May 1.

Meanwhile, the writers will conduct a strike authorization vote among its membership which would potentially give the guild additional leverage in hopes to secure concessions.

Of the issues disputed are the way writers are compensated on TV shows with shorter orders and the level of contributions that studios make to the guild’s health plan.

Effects of a strike:

Last summer, WGA released an earnings report, where it stated that in 2015 TV writers made an average of $194,478 while film writers an average of $181,267 that same year.

A decade ago, Hollywood writers stopped typing to strike which cost the California economy more than $2 billion.

Modest progress in the current negotiations were indicated by published reports and sources within the guild, however, the question now remains on how far the parties are ready to compromise to avoid another expensive halt in work.

Back in December, the Directors Guild renewed its deal, which might offer a plan on certain issues. However, some issues are particular to the writers. The guild representing actors will undergo its negotiations soon.

Previously, studios and networks have tried to endure a strike by offering more unscripted programs. An immediate hit was taken by late night shows, as for movies and most TV series, they are produced much in advance, meaning that a strike wouldn’t be broadly noticeable to consumers until after some time. However, any type of prolonged standoff which begins in May could potentially affect the fall TV season that usually begins in September.