Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2016

Goodwill and intangible assets consisted of the following:

	As of
( in thousands )	June 30, 2016			December 31, 2015
Goodwill, net	$	1,785,349		$	1,804,748
Intangible assets:
Carrying amount:
Acquired network distribution rights	$	746,320		$	744,962
Customer and advertiser lists		219,417			223,726
Copyrights and other tradenames		379,696			390,111
Broadcast licenses		120,191			124,030
Acquired rights and other		119,870			120,267
Total carrying amount		1,585,494			1,603,096
Accumulated amortization:
Acquired network distribution rights		(215,607	)		(195,678	)
Customer and advertiser lists		(90,221	)		(81,892	)
Copyrights and other tradenames		(50,297	)		(30,875	)
Broadcast licenses		(5,337	)		(2,524	)
Acquired rights and other		(32,817	)		(29,463	)
Total accumulated amortization		(394,279	)		(340,432	)
Total intangible assets, net	$	1,191,215		$	1,262,664

Amortization expense associated with intangible assets for each of the next five years is expected to be as follows:

( in thousands )	Estimated Amortization **
Remainder of 2016	$	46,338
2017	$	100,437
2018	$	98,976
2019	$	98,115
2020	$	86,935
Thereafter	$	760,414

** The functional currency of certain foreign subsidiaries differs from the U.S. Dollar, so these amounts are subject to change as exchange rates fluctuate.

Activity related to goodwill by business segment consisted of the following:

(in thousands)	U.S. Networks		International Networks			Corporate and Other		Total
Goodwill
Balance as of December 31, 2015	$	510,484	$	1,294,264		$	-	$	1,804,748
Update to purchase price allocation during the measurement period		-		(19,879	)		-		(19,879	)
Foreign currency translation adjustment		-		480			-		480
Balance as of June 30, 2016	$	510,484	$	1,274,865		$	-	$	1,785,349