XML 42 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
Content Assets (Tables)
9 Months Ended
Sep. 30, 2022
Entertainment [Abstract]  
Schedule of content assets

    

September 30, 

    

December 31, 

2022

2021

Original productions:

Programming costs released

$

27,646,669

$

25,669,921

In production

 

2,244,593

 

562,808

In development

 

8,461,662

 

6,662,591

Accumulated amortization (a)

(24,852,300)

(23,268,306)

Programming costs, net

13,500,624

9,627,014

Film library:

Film library acquisition costs

190,489,922

134,463,191

Accumulated amortization (b)

(100,026,970)

(80,847,748)

Film library costs, net

90,462,952

53,615,443

Licensed program rights:

Programming rights

49,412,905

1,209,362

Accumulated amortization

(10,837,847)

(806,423)

Programming rights, net

38,575,058

402,939

Content assets, net

$

142,538,634

$

63,645,396

(a) As of September 30, 2022 and December 31, 2021, accumulated amortization includes impairment expense of $8,262,663, respectively.

(b) As of September 30, 2022 and December 31, 2021, accumulated amortization includes impairment expense of $5,506,069, respectively.

Schedule of content asset amortization

    

    

 

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

2022

2021

 

2022

2021

Original productions

$

520,471

$

1,756,901

$

1,583,994

$

4,674,805

Film library

7,008,740

10,087,539

19,874,419

23,831,464

Licensed program rights

8,119,792

24,346

9,336,227

50,437

Total content asset amortization

$

15,649,003

$

11,868,786

$

30,794,640

$

28,556,706