It sounds like a simple merger deal, but it's got all the ingredients of a Hollywood drama: a rich and powerful suitor, political intrigue, and plenty of cliff-hangers.

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.

1. Netflix is becoming even more powerful

Netflix has been pulling ahead in Hollywood for years now, and this deal will cement its position at the head of the pack. With nearly a century's worth of titles, and the integration of HBO’s 128 million subscribers into its already massive base of over 300 million, Netflix is on track to be unstoppable.

2. Prices might change, but in what way?

While Netflix hopes to finalize the deal within the next 18 months, the impact on subscription prices remains uncertain. Netflix's strategy may see existing HBO offerings included, potentially either lowering costs for consumers or allowing for price increases.

3. Streaming becomes the norm, and Hollywood feels the pinch

This deal symbolizes the decline of traditional cinema and the rise of streaming. Even iconic franchises like Looney Tunes and Harry Potter will now find themselves under Netflix’s roof, signaling a monumental shift in the industry's landscape.

4. The deal is not a done deal yet

There are still major steps to take before the merger is finalized. Warner Bros will need to complete its spin-off processes, and competition from rival Paramount Skydance may complicate matters further.

5. Political influence plays a role

Looming over this merger is the potential influence of the Trump administration, which has been vocal about skepticism regarding the deal. Questions about diversity and market competition could play a pivotal role in shaping the future of this deal.

This mega-merger has its share of uncertanties, but one thing is clear: the entertainment industry is on the brink of significant change. What are your thoughts on the Netflix and Warner Bros deal? Let us know!