Will the CEOs parachute in, again?

That’s the question being pondered over Oscar weekend after SAG negotiations with the majors hit yet another impasse, leaving the guild with few options and killing industry hopes that the new regime would bring a swift end to the guild’s 8-month-old contract drama.

On Saturday night, the Screen Actors Guild national board voted by a 73% majority to reject the majors’ most recent take-it-or-leave-it offer. The latest roadblock to a SAG deal — and labor peace in showbiz — is a matter of about eight months.

SAG maintains it was blindsided by the majors’ insistence that the deal’s expiration would be the full three years after the new deal is ratified, which would be March 2012 at the earliest. SAG wants the expiration to be June 30, 2011 — three years after its previous contract expired — to keep it in synch with the end dates of the WGA, DGA and AFTRA deals.

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