Produced Content, Net

9 Months Ended

Sep. 30, 2024

6. PRODUCED CONTENT, NET


	As of December 31,		As of September 30,
	2023		2024		2024
	RMB		RMB		US$
Released, less amortization and impairment
— Predominantly monetized with other contents		4,444,887		5,204,972		741,703
— Predominantly monetized on its own		61,516		50,241		7,159
		4,506,403		5,255,213		748,862
In production, less impairment
— Predominantly monetized with other contents		7,630,099		7,686,216		1,095,277
— Predominantly monetized on its own		244,787		129,249		18,418
		7,874,886		7,815,465		1,113,695
In development, less impairment
— Predominantly monetized with other contents		946,586		1,164,467		165,935
— Predominantly monetized on its own		49,110		86,479		12,323
		995,696		1,250,946		178,258
		13,376,985		14,321,624		2,040,815

Amortization expense for produced content predominantly monetized with other content assets of RMB4,133,220, RMB4,255,103 (US$606,347) and for produced content predominantly monetized on its own of RMB922,762, RMB459,722 (US$65,510) was recognized as “Cost of revenues” in the unaudited interim condensed consolidated statements of comprehensive income for the nine months ended September 30, 2023 and 2024, respectively. As of September 30, 2024, approximately RMB334,987 (US$47,735) of accrued participation cost liabilities will be paid during the upcoming operating cycle.

Estimated amortization expense relating to the existing produced content for each of the next three years is as follows:


	RMB		US$
Three months ending December 31, 2024		701,229		99,924
Year ending December 31, 2025		1,203,471		171,493
Year ending December 31, 2026		795,306		113,330
Year ending December 31, 2027		621,270		88,530