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A Real Hollywood Drama

It looks as if the rivalry between cable and new media is taking a nasty turn.

CBS comfirmed on Wednesday that its Showtime channel will not provide back seasons of original series like "Dexter" and "Californication" to Netflix's streaming service as of this summer.

Instead, CBS will offer them to subscribers who pay for Showtime through Comcast's Xfinity TV platform.

Larry Haverty, associate portfolio manager at Gabelli Global Multimedia Trust, tells the desk he's positive on CBS and bearish on Netflix for five reason - count 'em five.

Get all the details. Watch the video now!






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Trader disclosure: On March 23, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour is long (AAPL); Tim Seymour is long (BAC); Tim Seymour is long (SBUX); Tim Seymour is long (TM); Tim Seymour’s firm is long (ANTO); Tim Seymour’s firm is long (NEM); Guy Adami owns (AGU); Guy Adami owns (C); Guy Adami owns (GS); Guy Adami owns (INTC); Guy Adami owns (BTU); Guy Adami owns (NUE); Guy Adami owns (MSFT); Steve Cortes is long (TM); Steve Cortes is long (GS); Steve Cortes is long (CSX); Steve Cortes is long (SDY); Steve Cortes is long (SO); Steve Cortes is long Crude Oil; Steve Cortes is short (F); Steve Cortes is short (BAC); Steve Cortes is short (UNP); Steve Cortes is short (SPY); Steve Cortes is short (DBA); Steve Cortes is short Natural Gas; Steve Cortes is short Wheat; Steve Cortes is short Soybeans; Steve Cortes is short Corn; Steve Cortes is short CAD/USD; Steve Cortes is short EUR/USD; Pete Najarian is long (AAPL); Pete Najarian is long (AAPL) call spreads; Pete Najarian is long (BAC) calls

BRIAN KELLY
Accounts managed by Kanundrum Capital own (GOD)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own Silver
Accounts managed by Kanundrum Capital own Gold
Accounts managed by Kanundrum Capital own U.S. Treasury Bonds
Accounts managed by Kanundrum Capital own (EBAY)
Accounts managed by Kanundrum Capital own (PGH)
Accounts managed by Kanundrum Capital own (VLO)
Accounts managed by Kanundrum Capital own U.S. Dollar
Accounts managed by Kanundrum Capital own (NFLX) Puts
Accounts managed by Kanundrum Capital own Crude Oil
Accounts managed by Kanundrum Capital own (RTN)
Accounts managed by Kanundrum Capital are Short Yen

DOUG KASS
Doug Kass is short (RTH)

COLIN GILLIS
**No Disclosures**

LARRY HAVERTY
The Gabelli Global Multimedia Trust Owns (NFXL)
The Gabelli Global Multimedia Trust Owns (CBS)
The Gabelli Global Multimedia Trust Owns (VIA.B)
The Gabelli Global Multimedia Trust Owns (ERTS)
Larry Haverty is long (CBS)
Larry Haverty is long (VIA.B)

JED DORSHEIMER
Canaccord Genuity Inc. has received compensation from (LEDS) for investment banking services
Canaccord Genuity Inc. has received compensation from (RBCN) for investment banking services

MIKE KHOUW
Cantor Fitzgerald is a Market Maker in (RIMM)


Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC


CNBC.com with wires.

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CMCSA
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