Picture Alliance | Picture Alliance | Getty Images It's the third act of the streaming wars. That's the time a hero, seemingly beaten and broken, rises up and saves the day. But Wall Street is worried that hero may never come for Hollywood. Legacy media companies including Disney , Warner Bros. Discovery , Comcast and Paramount Global are trying to figure out the solution to self-inflicted financial wounds, particularly big spending as they chased streaming subscribers to compete with Netflix . Companies have since slashed their budgets and adjusted their strategy for licensing homegrown movies and shows. Several streamers have…
