PROGRAMMING RIGHTS, NET

6 Months Ended

Jun. 30, 2012

6. PROGRAMMING RIGHTS, NET

Programming rights as of December 31, 2011 and June 30, 2012 comprised the following:

	December 31, 2011		June 30, 2012

Internally produced—TV broadcasting and theatrical:
Released:
Historical cost	$122,454		$131,757
Accumulated amortization	(111,999	)	(125,699	)

Released, net book value	10,455		6,058

Completed and not released	1,528		1,804
In production	521		1,109

Total	12,504		8,971

Acquired rights:
Historical cost	554,310		598,981
Accumulated amortization	(367,733	)	(396,459	)

Net book value	186,577		202,522

Total programming rights	$199,081		$211,493

Current portion	106,947		135,490

Non-current portion	92,134		76,003

The Company expects to amortize approximately $7,084 of internally produced TV programming for its completed and released programs and completed but not yet released programs during the twelve months ending June 30, 2013. In addition, the Company expects to amortize all of its unamortized internally produced programming rights within the three years following June 30, 2012.