Tom Nunan, executive producer of the Oscar-winning film Crash and a lecturer at the UCLA School of Theatre, Film and Television, says there is a pall over Hollywood. “There’s a re-examination of what business we’re in. What everyone can agree on is that the business seems to be broken.” The source of this malaise is Netflix and the streaming revolution it unleashed, which lured customers away from the cable TV channels that were studios’ cash cows for decades. They responded by spending billions of dollars building their own streaming services, but these have yet to compensate for the decline in...