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Media Library, Software and Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Summary of Media Library, Software and Equipment Stated at Lower of Cost or Net Realizable Value

Media library, software and equipment stated at lower of cost or net realizable value, consists of the following as of December 31:

(in thousands)

 

2022

 

 

2021

 

Website development and other software

 

$

18,805

 

 

$

17,639

 

Studio, computer and telephone equipment

 

 

1,992

 

 

 

2,060

 

Media library:

 

 

 

 

 

 

Acquired media

 

 

7,812

 

 

 

9,989

 

Licensed media

 

 

5,895

 

 

 

5,874

 

Produced media

 

 

48,001

 

 

 

41,701

 

Produced media in progress

 

 

2,881

 

 

 

2,893

 

 

 

 

85,386

 

 

 

80,156

 

Accumulated depreciation and amortization

 

 

(34,271

)

 

 

(29,598

)

 

 

$

51,115

 

 

$

50,558

 

Schedule of Future Depreciation and Amortization

As described in Note 2, amortization is over typically 12-90 months commencing with the month the content is available on our site and is included in cost of revenues on the accompanying consolidated statements of operations. Amortization expense for our media library was $8.3 million and $6.5 million during 2022 and 2021, respectively. Future depreciation and amortization is expected to be:

(in thousands)

 

Acquired
Media

 

 

Licensed
Media

 

 

Produced
Media

 

 

Website Development and Other Software

 

 

Studio, Computer and Telephone Equipment

 

 

Total

 

2023

 

$

1,039

 

 

$

946

 

 

$

6,626

 

 

$

5,206

 

 

$

486

 

 

$

14,303

 

2024

 

 

1,039

 

 

 

805

 

 

 

6,265

 

 

 

3,459

 

 

 

346

 

 

 

11,914

 

2025

 

 

921

 

 

 

637

 

 

 

5,638

 

 

 

1,286

 

 

 

220

 

 

 

8,702

 

2026

 

 

881

 

 

 

413

 

 

 

4,746

 

 

 

 

 

 

84

 

 

 

6,124

 

2027

 

 

735

 

 

 

227

 

 

 

3,546

 

 

 

 

 

 

14

 

 

 

4,522

 

Thereafter

 

 

1,080

 

 

 

146

 

 

 

4,324

 

 

 

 

 

 

 

 

 

5,550

 

 

 

$

5,695

 

 

$

3,174

 

 

$

31,145

 

 

$

9,951

 

 

$

1,150

 

 

$

51,115