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Content Assets, net (Tables)
12 Months Ended
Dec. 31, 2023
Content Assets [Abstract]  
Schedule of content assets

​

​

​

​

​

​

​

​

​

    

December 31, 

    

December 31, 

​

​

2023

​

2022

Original productions:

​

​

​

​

​

​

Programming costs released

​

$

34,311,305

​

$

31,081,500

In production

​

 

-

​

 

806,009

In development

​

 

8,089,560

​

 

8,377,649

Less: accumulated amortization (a)

​

​

(41,630,180)

​

​

(31,651,552)

Programming costs, net

​

​

770,685

​

​

8,613,606

​

​

​

​

​

​

​

Film library:

​

​

​

​

​

​

Film library acquisition costs

​

​

242,143,403

​

​

208,982,878

Less: accumulated amortization (b)

​

​

(181,745,110)

​

​

(125,967,305)

Film library costs, net

​

​

60,398,293

​

​

83,015,573

​

​

​

​

​

​

​

Licensed program rights:

​

​

​

​

​

​

Programming rights

​

​

63,001,943

​

​

56,288,723

Less: accumulated amortization (c)

​

​

(52,556,827)

​

​

(21,827,394)

Programming rights, net

​

​

10,445,116

​

​

34,461,329

Content assets, net

​

$

71,614,094

​

$

126,090,508

(a) As of December 31, 2023 and 2022, accumulated amortization includes impairment expense of $10,352,207 and $10,352,207, respectively.

(b) As of December 31, 2023 and 2022, accumulated amortization includes impairment expense of $30,274,236 and $8,595,099, respectively.

(c) As of December 31, 2023, and 2022, accumulated amortization includes impairment expense of $0 and $0, respectively.

​

Schedule of content asset amortization

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​

​

​

​

​

​

​

​

 

​

​

​

​

​

​

​

Year Ended

​

​

December 31, 

​

 

2023

​

2022

Original productions

​

$

9,978,628

​

$

4,080,670

Film library

​

​

34,098,668

​

​

40,269,681

Licensed program rights

​

​

30,729,433

​

​

21,020,971

Content asset impairment

​

 

21,679,137

​

 

9,152,452

Total content asset amortization

​

$

96,485,866

​

$

74,523,774