PROGRAMMING RIGHTS, NET

12 Months Ended

Dec. 31, 2011

6. PROGRAMMING RIGHTS, NET

Programming rights as of December 31, 2010 and 2011 comprise the following:

	December 31,

	2010			2011
Internally produced—TV broadcasting and theatrical:
Released:
Historical cost	$	88,828		$	122,454
Accumulated amortization		(70,266	)		(111,999	)

Released, net book value		18,562			10,455

Completed and not released		3,356			1,528
In production		460			521

Total		22,378			12,504

Acquired rights:
Historical cost		487,947			554,310
Accumulated amortization		(339,666	)		(367,733	)

Net book value		148,281			186,577

Total programming rights	$	170,659		$	199,081

Current portion		95,026			106,947

Non-current portion		75,633			92,134

The Company expects to amortize approximately $11,000 of internally produced TV programming for its completed and released and completed but not yet released programs during the twelve months ending December 31, 2012. In addition, the Company expects to amortize approximately 100% of its unamortized internally produced programming rights within the three years following December 31, 2011.

During 2009, 2010 and 2011, based on recurring reviews of revenue pattern for the programming library, the Company recognized additional charges on programming rights of $14,854, $33,814 and $43,315, respectively. These charges are included in amortization of programming rights in the accompanying consolidated statements of income.