XML 30 R18.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONTENT ASSETS
6 Months Ended
Jun. 30, 2024
Asset Retirement Obligation Disclosure [Abstract]  
Content Assets CONTENT ASSETS
The gross cost and accumulated amortization of content assets is as follows:
June 30,
2024
December 31,
2023
Period of
Amortization
(In thousands)
Produced content assets:
Completed
$155,040$132,273
In-production
9,04611,726
Licensed content assets acquired:
Acquired
36,07435,520
Content assets, at cost
200,160179,519
1‑5 Years
Less: accumulated amortization
(81,787)(67,323)
Content assets, net
118,373112,196
Less: current portion
(35,850)(29,748)
Noncurrent portion
$82,523$82,448
Amortization of content assets is recorded in the condensed consolidated statements of operations as programming and technical expenses. Content amortization for the three and six months ended June 30, 2024 and 2023 is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(In thousands)(In thousands)
Content amortization - acquired$3,342 $3,891 $6,698 $10,202 
Content amortization - produced7,758 7,325 15,845 14,172 
Total content amortization$11,100 $11,216 $22,543 $24,374