Good morning from The Financial Times.
Today is Tuesday, December 9th.
And this is your FT News Briefing.
The fight over Warner Brothers' discovery gets a reboot,
and American natural gas is becoming super expensive.
Plus, Gold's amazing run has got some wondering whether it's entering bubble territory.
Given how rapid these price increases have been,
I think a lot of people are wondering if it's still really safe at these levels.
I'm Mark Filippino and here's the news you need to start your day.
Honestly,
this fight between Netflix and Paramount might be better than anything that's on TV right now.
Paramount made a $108 billion hostile all-cash bid for Warner Bros.
Discovery yesterday.
That's a bit awkward for Netflix, which sealed an $82.7 billion deal for Warner Brothers last week.
Here's Paramount CEO David Ellison criticizing the Netflix deal on CNBC yesterday.
When you combine the number one streamer with the number three streamer,
that creates a company that has unprecedented market power.
That's bad for Hollywood.
That's bad for the creative community.
That's bad for consumers.