Serious leverage

I was wondering how the writers' strike was going, since it seems to have faded a bit from the headlines (and inter-waves) since the holidays overtook us. But apparently there's still a big drama to play out: they may not allow either scripts to be composed or clips to be used at the Academy Awards and Golden Globes! (Both require waivers from the writers.) I can't imagine how the studios (and networks!) will finesse this one...