PROGRAMMING RIGHTS, NET

3 Months Ended

Mar. 31, 2015

5. PROGRAMMING RIGHTS, NET

Programming rights as of December 31, 2014 and March 31, 2015 comprise the following:

	December 31, 2014			March 31, 2015
Internally produced—TV broadcasting:
Released:
Historical cost	$	100,845		$	97,438
Accumulated amortization		(96,746	)		(93,503	)

Released, net book value		4,099			3,935

Completed and not released		1,252			1,388

Total		5,351			5,323

Acquired rights:
Historical cost		517,401			505,202
Accumulated amortization		(337,513	)		(325,140	)

Net book value		179,888			180,062

Total programming rights	$	185,239		$	185,385


Current portion	$	112,793		$	101,336


Non-current portion	$	72,446		$	84,049

The Company expects to amortize approximately $1,818 of internally produced TV programming for its completed and released programs and completed but not yet released programs during the twelve months ending March 31, 2016. In addition, the Company expects to amortize all of its unamortized internally produced programming rights within the three years following March 31, 2015.