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Investments in Affiliates
6 Months Ended
Jun. 30, 2024
Financial Support for Nonconsolidated Legal Entity [Abstract]  
Investments in Affiliates
9.
Investments in Affiliates

Below is a summary of the activity for each of the Company’s affiliates and corresponding changes to the Company's investment balances during the six months ended June 30, 2024. See Note 10 to the consolidated financial statements in the Company’s Annual Report on Form 10-K filed February 16, 2024 for a further discussion of the Company’s investments in affiliates.

 

 

 

AC JV,
LLC

 

DCDC

 

FE Concepts

 

Total

 

Balance at January 1, 2024

 

$

3.4

 

$

2.1

 

 

18.1

 

$

23.6

 

Cash distributions received

 

 

(2.9

)

 

 

 

 

 

(2.9

)

Equity income

 

 

5.3

 

 

0.3

 

 

0.7

 

 

6.3

 

Balance at June 30, 2024

 

$

5.8

 

$

2.4

 

$

18.8

 

$

27.0

 

Transactions with Affiliates

Below is a summary of transactions with each of the Company’s affiliates for the three and six months ended June 30, 2024 and 2023:

 

 

Three Months Ended

 

 

Six Months Ended

 

Investee

Transactions

June 30, 2024

 

 

June 30, 2023

 

 

June 30, 2024

 

 

June 30, 2023

 

AC JV, LLC

Event fees paid (1)

$

4.4

 

 

$

4.4

 

 

$

11.5

 

 

$

7.4

 

DCDC

Content delivery fees paid (1)

$

0.2

 

 

$

0.2

 

 

$

0.3

 

 

$

0.3

 

(1)
Included in film rentals and advertising costs on the condensed consolidated statements of income.