The "Fast Money" traders debated Tuesday which media stocks are best positioned looking ahead to the rest of the year.
Netflix, which is scheduled to report earnings after the market close on Wednesday, has long argued that media players with the best content have pricing power. Trader Brian Kelly said he wasn't totally sold on that thesis and that he prefers Discovery Communications.
Trader Steve Grasso said he still thinks the $100 level is a point of resistance for Disney shares. Grasso said, however, that if investors start to hear that ESPN subscriber numbers keep declining, Disney shares will come back down. The stock closed at $107.97 on Tuesday.
While Lions Gate shares shed 18 percent in 2016, trader Guy Adami said it has "seemingly gotten some footing back underneath it." Adami said 2017 is poised to be a better year for the company.