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The fight over Warner Bros will generate weeks, if not months, of entertainment. But juicy as it is—featuring $100bn bids from Netflix and Paramount, Saudi investors and a cameo from Jared Kushner—the battle misses the bigger story. The most popular source of video distraction in America is not Warner Bros or any of its suitors, but YouTube.
Change came for Hollywood; it has come for software giants, too. Oracle was founded almost 50 years ago to sell “relational” databases. The company that reported quarterly results yesterday looks completely different.
Finally, on our latest Insider show, colleagues from across the paper discuss China’s very good year. Is it the new superpower? | 
