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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash, cash equivalents and restricted cash $ 18,738,395 $ 44,286,105
Accounts receivable, net of allowance for doubtful accounts of $1,277,597 and $786,830, respectively 113,963,425 60,213,807
Prepaid expenses and other current assets 13,196,180 1,904,273
Operating lease right-of-use assets 16,315,342  
Content assets, net 126,090,508 63,645,396
Intangible assets, net 305,425,709 30,199,034
Goodwill 260,748,057 39,986,530
Other assets, net 29,401,793 4,774,925
Total assets 883,879,409 245,010,070
LIABILITIES AND EQUITY    
Accounts payable 50,960,682 12,547,652
Accrued expenses 87,817,015 22,094,505
Due to affiliated companies 3,778,936 489,959
Programming obligations 55,883,788 1,641,250
Film library acquisition obligations 39,750,121 24,673,866
Accrued participation costs 28,695,713 12,323,329
Debt, net 479,653,611 54,859,599
Contingent consideration 7,311,949 9,764,256
Put option obligation 11,400,000 11,400,000
Operating lease liabilities 18,079,469  
Other liabilities 20,800,186 3,616,501
Total liabilities 804,131,470 153,410,917
Commitments and contingencies (Note 15)
Stockholders' Equity:    
Series A cumulative redeemable perpetual preferred stock, $.0001 par value, liquidation preference of $25.00 per share, 10,000,000 shares authorized; 4,496,345 and 3,698,318 shares issued and outstanding, respectively; redemption value of $112,408,625 and $92,457,950, respectively 450 370
Additional paid-in capital 355,185,280 240,609,345
Deficit (247,752,446) (136,462,244)
Accumulated other comprehensive income 47,528 571
Class A common stock held in treasury, at cost (2,422,842 and 944,502 shares, respectively) (28,165,913) (13,202,407)
Total stockholders' equity 79,317,224 90,947,300
Noncontrolling interests 430,715 651,853
Total equity 79,747,939 91,599,153
Total liabilities and equity 883,879,409 245,010,070
Class A Common Stock    
Stockholders' Equity:    
Common stock value 1,559 899
Class B Common Stock    
Stockholders' Equity:    
Common stock value $ 766 $ 766