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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

 

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