July 21, 2010 at 01:11 PM EDT

With Hollywood’s contract with the Teamsters scheduled to expire Aug. 1, movie and television producers are preparing for a strike that could put a bigger dent in the industry than the 2007-08 writers strike did. According to The Hollywood Reporter, the Teamsters’ Hollywood Local 399 is planning a strike-authorization vote this Sunday that will provide leverage for a walk-out. At issue is, of course, money. The union wants a two-year deal with annual raises of 3 percent; the producers are offering three years with 2 percent bumps. Teamster and Alliance of Motion Picture & Television Producers reps are scheduled to resume bargaining this Friday.

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