New Delhi, Dec. 7 -- The Netflix and Warner Bros Discovery deal came in quicker than expected, but the regulatory part of the agreement may not see such a smooth road, according to a CNBC report.

Netflix on Friday stunned the media when it announced that it had emerged as the winner of a three-way fight to buy Warner Bros Discovery, paying $72 billion for the acquisition of the iconic film studio and its streaming service HBO Max. The combination of the two mammoths in the film and streaming industry is being seen as one of the biggest mergers, bringing together two of the most popular streaming platforms in the business.

(This is a developing story. Check back for updates)

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