Netflix's swoon is being greeted with some schadenfreude, particularly among executives at legacy studios who had grown tired of hearing about how algorithms had made the traditional greenlight process, built on gut instincts, obsolete. However, the reality is that the fundamental problems bedeviling the streaming service, namely a maturing business and increased competition, spell trouble for nearly every other Hollywood player. Disney, Comcast, Paramount Global and Warners have all moved aggressively into the streaming space to stave off cord-cutting declines and demonstrate their ability to evolve.