Netflix-Warner Bros: Five takeaways from the blockbuster deal

It might seem like a simple merger deal, but it's got all the ingredients of a Hollywood drama.

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Netflix's deal to buy Warner Brothers Discovery's storied movie studio and popular HBO streaming networks, is a real-life tale of a conquering giant.

But with regulators and rivals still waiting in the wings, it's probably just the start of the saga.

As the story unfolds, here are five key things to look out for.

Netflix has been pulling ahead in Hollywood for years now, ranking as the world's biggest streaming subscription service and largest producer of new content in California.