Media Library, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Media Library, Net

4. Media Library, Net

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

(in thousands)	2023		2022
Media library, net:
Acquired media, net	$	4,656	$	5,694
Licensed media, net		3,865		3,174
Produced media, net		29,483		28,326
Produced media in progress		2,121		2,881
Total media library, net	$	40,125	$	40,075

As described in Note 2, amortization is over typically 12 to 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 $9.2 million and $8.3 million during 2023 and 2022, respectively. Future depreciation and amortization is expected to be:

(in thousands)	Acquired Media		Licensed Media		Produced Media		Total
2024	$	1,039	$	1,216	$	6,959	$	9,214
2025		921		1,045		6,332	$	8,298
2026		881		751		5,440	$	7,072
	$	2,841	$	3,012	$	18,731	$	24,584

The remaining $15.5 million of the $40.1 million balance for our media library at December 31, 2023 will be amortized over the 5 years thereafter.