Negotiations between major studios and the union representing 160,000 actors and soured overnight on Wednesday, prompting a meeting of the union's national board Thursday morning to formally call a strike.

This is the first time since 1980 that the Screen Actors Guild - American Federation of Television and Radio Artists (SAG-AFTRA) has gone on strike against the film and TV industry and the first time since 1960 that it has done so in conjunction with the writer's guild, which started its own strike in early May.

Actors have shown support for the strike across the board:

The move essentially brings all TV shows and film, including all shows and movies on streaming services, to a complete halt. Only shows that do not require actors or writers, such as documentaries and reality TV, will be able to move forward. Studios may also turn to outsourcing production overseas while the strike continues.

It will stop the production of "Gladiator 2," however, which is a real thing being made for some insanely stupid reason.

This decision follows 4 weeks of negotiations between the Alliance of Motion Picture and Television Producers (AMPTP), which represents all the major studios like Disney, Universal, Netflix, Sony, etc., and SAG-AFTRA.

From Deadline:

SAG-AFTRA President Fran Drescher said: "SAG-AFTRA negotiated in good faith and was eager to reach a deal that sufficiently addressed performer needs, but the AMPTP's responses to the union's most important proposals have been insulting and disrespectful of our massive contributions to this industry. The companies have refused to meaningfully engage on some topics and on others completely stonewalled us. Until they do negotiate in good faith, we cannot begin to reach a deal. We have no choice but to move forward in unity, and on behalf of our membership, with a strike recommendation to our National Board. The board will discuss the issue this morning and will make its decision."

Picketing is scheduled to begin Friday morning.

So... what should you make of this?

Well, for one, you aren't going to have a lot of TV shows and movies next year. It could be a death sentence for struggling studios and streaming platforms. Second, it could be the beginning of the end for Hollywood's star power. For the last century, Hollywood has been the center of all film production, but it has lost that luster as it's become ideological and embroiled in scandal.

In 1960, it was near impossible to work outside Hollywood, but now we have independent outfits like Angel Studios, which was able to hold its own against a major production like Indiana Jones last week with the film Sound of Freedom.

There is also a much larger network of foreign studios and talent - in an era where there seem to be no new movie stars, why work with a bunch of privileged, woke American actors?

It seems Hollywood is going to shoot itself in the foot, and I am here for it!