Upcoming negotiations between the Screen Actors Guild-American Federation of Television and Radio Artists and media companies are scaring some financers in the film industry.

Amazon/MGM, Apple, NBCUniversal, Disney/ABC/Fox, Netflix, Paramount/CBS, Sony, and Warner Bros. Discovery are set to negotiate with SAG-AFTRA beginning June 7. The union's chief negotiator, Duncan Crabtree-Ireland, encouraged members last week to vote to strike as a negotiation tool should they fail to reach a conclusion. Ballots were mailed out on May 18 after the negotiating committee and national board voted unanimously to put the matter to a vote by its members.

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Actor Joaquin Phoenix's latest venture, a film called "The Island," was reportedly put on pause because its financer, Film Finances Inc., pulled out of the film, citing the potential strike. Deadline cited sources that claimed the actors involved were sent home and there is no date to commence filming. Its source also implied there are other projects on hold but did not name them.

Neither FFI nor SAG-AFTRA responded to the Washington Examiner's request for comment.

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There are 160,000 SAG-AFTRA members, which, when added to some 11,500 writers currently on strike, could bring the entire industry to a halt. Members will have until June 5 to vote and were mailed ballots on Thursday. The Writers Guild of America saw a near-unanimous vote, with 97.85% voting to strike ahead of negotiations.

The Writers Guild of America has been on strike since May 2 after failing to negotiate higher wages.