Media Library, Net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Media Library, Net

3. Media Library, Net

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

(in thousands)	2024		2023
Media library, net:
Acquired media, net	$	3,617	$	4,656
Licensed media, net		3,715		3,865
Produced media, net		29,262		29,483
Produced media in progress		2,393		2,121
Total media library, net	$	38,987	$	40,125

As described in Note 2, amortization is typically over 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 $10.0 million and $9.2 million during 2024 and 2023, respectively. Future depreciation and amortization is expected to be:

(in thousands)	Acquired Media		Licensed Media		Produced Media		Total
2025	$	921	$	1,316	$	7,297	$	9,534
2026		881		1,020		6,405		8,306
2027		735		682		5,205		6,622
	$	2,537	$	3,018	$	18,907	$	24,462

The remaining $14.5 million of the $39.0 million balance for our media library at December 31, 2024 will be amortized over the 5 years thereafter.