PROGRAMMING RIGHTS, NET

6 Months Ended

Jun. 30, 2015

5. PROGRAMMING RIGHTS, NET

Programming rights as of December 31, 2014 and June 30, 2015 comprise the following:

	December 31, 2014			June 30, 2015
Internally produced—TV broadcasting and theatrical:
Released:
Historical cost	$	100,845		$	102,760
Accumulated amortization		(96,746	)		(98,727	)

Released, net book value		4,099			4,033

Completed and not released		1,252			1,369

Total		5,351			5,402

Acquired rights:
Historical cost		517,401			540,238
Accumulated amortization		(337,513	)		(349,128	)

Net book value		179,888			191,110

Total programming rights	$	185,239		$	196,512


Current portion	$	112,793		$	108,716


Non-current portion	$	72,446		$	87,796

The Company expects to amortize approximately $2,868 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, 2016. In addition, the Company expects to amortize all of its unamortized internally produced programming rights within the three years following June 30, 2015.