PROGRAMMING RIGHTS, NET

9 Months Ended

Sep. 30, 2012

5. PROGRAMMING RIGHTS, NET

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

	December 31, 2011			September 30, 2012

Internally produced—TV broadcasting and theatrical:
Released:
Historical cost	$	122,454		$	147,223
Accumulated amortization		(111,999	)		(136,947	)

Released, net book value		10,455			10,276

Completed and not released		1,528			1,215
In production		521			717

Total		12,504			12,208

Acquired rights:
Historical cost		554,310			659,477
Accumulated amortization		(367,733	)		(431,946	)

Net book value		186,577			227,531

Total programming rights	$	199,081		$	239,739

Current portion		106,947			132,494

Non-current portion		92,134			107,245

The Company expects to amortize approximately $12,198 of internally produced TV programming for its completed and released programs and completed but not yet released programs during the twelve months ending September 30, 2013. In addition, the Company expects to amortize all of its unamortized internally produced programming rights within the three years following September 30, 2012.