Page Kennedy Opens TV Royalty Checks to Highlight Need for SAG-AFTRA Strike

Page Kennedy is feeling the burn of the ongoing SAG-AFTRA strike ... not only putting a damper on his upcoming summer blockbuster, but also reminding him how crappy royalty checks are!!!

TMZ Hip Hop caught up with Page, who says he's in shambles over the strike, which is affecting his upcoming film with Jason Statham "Meg 2: The Trench" ... a real bummer because he says he almost drowned filming the project.

Page reprised his role as "DJ" from the first 'Meg' thriller, but tells us he wasn't fully prepared to film scenes in the ocean -- at one point, he swallowed more water than his gills could handle. Luckily, the crew was able to usher him to safety.

The veteran actor/rapper has dozens of film credits under his belt, but echoed the sentiments of many actors who say their ever-shrinking residuals aren't cutting it -- and he even showed us some of his checks to drive home that point.

For example, his one-episode appearance on FX's popular Western drama "Justified" paid him $123 ... while his time on the short-lived FOX series "Backstrom" just netted him $59.

It might not be a get-rich-quick option, but Page says his love for acting is still there ... even if he feels execs like Disney CEO Bob Iger wear their greed on their sleeves!!!

He's also in the trenches with the picketers every day, and is back in his rapper bag with a new album, "A Book of Pages," slated for an August 4 wide release.