“It’s an orgasm of Schadenfreude.” That’s how a veteran producer described to me the feeling around town this week. Hollywood people revel in failures—in a business where nobody knows anything, everyone knows they’re better than the guy who just flopped—but this is different. A Netflix Nosedive, The Great Netflix Correction, a “bitch,” as co-C.E.O. Reed Hastings described the situation at a town hall yesterday, I’m told. Whatever you call it when your growth engine sputters and your stock chart resembles the White Cliffs of Dover. Walking to and from a table at Tower Bar on Tuesday, I was stopped by three separate people I know, all of whom conveyed some variation of “Sucks to be Netflix!” It’s a sickness, people.