I don't give a darn whether or not all TV shows or movies are cancelled or not.
People who work for a living deserved to be paid for a living and as is ALWAYS the case in corporations, they are looking for the best way to screw over whoever they heck they want to to get the most profits for the company, which fattens their wallets above all else.
If 'the man' has a new way to make money which takes that out of the pockets of the people who actually did the work, they are, very predictably, going to exploit it for their own greedy desires first and foremost, while endeavoring to ensure that those entitled to any royalties are prevented from getting them... through whatever means is necessary.
Frankly, I think that before any show, movie, etc. is even possible for release in any new emerging format (Internet, discs, cable, satellite, phone, etc.) that first a deal needs to be put in writing as to how compensation will be given.
Do some people make 'to much' money? Yes, absolutely! But, I don't think it is the people who are going on strike. It is the people in the corporate office who have always made to much money who just are demanding more. Ef' them! Get the money distributed among all of those who deserve to benefit, and the fact that TV seasons get shut down completely is a reminder that those people really are the ones responsible for getting those paychecks into the head honchos wallets.
Some who don't deserve it, obviously will benefit... count on it. But, not the average employee who just wants to get their piece of the pie - which they sure as heck helped to make.