The streaming wars are heating up.
Netflix secured the rights to stream Seinfeld for five years starting in 2021.
The official numbers haven't been reported yet, but it is believed that the streaming giant paid well in excess of the $500 million Comcast paid to get back the streaming rights for The Office.
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RELATED: Netflix, in Comeback, Snags 'Seinfeld' After Losing 'Friends' Jeff Marks, Senior Research Analyst for ActionAlertsPLUS, said he does think securing legacy tv shows is the right strategy for the media giants to pursue, but he has some concerns about Netflix going forward.
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Watch the video above to see why Marks is worried about Netflix.
And be sure to check out the full roundtable here for a full break down of the streaming wars, as well as implications of the Saudi oil attack on the oil and defense industries, a break down of the failed WeWork IPO and more.
Comcast is a holding in Jim Cramer's Charitable Trust Portfolio, ActionAlertsPLUS.
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