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Content Assets	3 Months Ended
Mar. 31, 2021
Capitalized Content Costs [Abstract]
Content Assets	7. Content Assets As of March 31, 2021 and December 31, 2020, content assets that met the capitalization criteria were $104.6 million and $7.9 million, respectively, and are recorded in Other non-current assets. On January 8, 2021, the Company entered into an agreement with the mobile-first video distribution service known as Quibi to acquire certain content rights. The transaction was accounted for as an asset acquisition. As discussed in Note 4, the Company also acquired content assets as part of the This Old House acquisition. During the three months ended March 31, 2021, the increase of $96.7 million in content assets was primarily driven by content acquired from Quibi and This Old House. The Company records amortization expense for licensed content based on the pattern of monetization of such content. Amortization expense associated with licensed content assets was $9.8 million and $6.1 million for the three months ended March 31, 2021 and 2020, respectively and is included in Cost of revenue, platform in the condensed consolidated statements of operations. Licensed content assets are primarily monetized together as a unit, referred to as a film group. The film group is evaluated for impairment whenever an event occurs or circumstances change indicating the fair value is less than the carrying value. The Company reviews various qualitative factors and indicators to assess whether the group asset is impaired.

Content Assets

3 Months Ended

Mar. 31, 2021

Capitalized Content Costs [Abstract]

7. Content Assets

As of March 31, 2021 and December 31, 2020, content assets that met the capitalization criteria were $104.6 million and $7.9 million, respectively, and are recorded in Other non-current assets. On January 8, 2021, the Company entered into an agreement with the mobile-first video distribution service known as Quibi to acquire certain content rights. The transaction was accounted for as an asset acquisition. As discussed in Note 4, the Company also acquired content assets as part of the This Old House acquisition. During the three months ended March 31, 2021, the increase of $96.7 million in content assets was primarily driven by content acquired from Quibi and This Old House.

The Company records amortization expense for licensed content based on the pattern of monetization of such content. Amortization expense associated with licensed content assets was $9.8 million and $6.1 million for the three months ended March 31, 2021 and 2020, respectively and is included in Cost of revenue, platform in the condensed consolidated statements of operations.

Licensed content assets are primarily monetized together as a unit, referred to as a film group. The film group is evaluated for impairment whenever an event occurs or circumstances change indicating the fair value is less than the carrying value. The Company reviews various qualitative factors and indicators to assess whether the group asset is impaired.