Produced and Acquired/Licensed Content Costs and Advances

3 Months Ended

Jan. 01, 2022

Other Industries [Abstract]

Produced and Acquired/Licensed Content Costs and Advances Disclosure

Produced and Acquired/Licensed Content Costs and Advances

The Company classifies its capitalized produced and acquired/licensed content costs as long-term assets and classifies advances for live programming rights made prior to the live event as short-term assets. For purposes of amortization and impairment, the capitalized content costs are classified based on their predominant monetization strategy as follows:

•Individual - lifetime value is predominantly derived from third-party revenues that are directly attributable to the specific film or television title (e.g. theatrical revenues or sales to third-party television programmers)

•Group - lifetime value is predominantly derived from third-party revenues that are attributable only to a bundle of titles (e.g. subscription revenue for a DTC service or affiliate fees for a cable television network)

Total capitalized produced and licensed content by predominant monetization strategy is as follows:

	As of January 1, 2022						As of October 2, 2021
	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Produced content
Released, less amortization	$	5,296	$	10,036	$	15,332	$	4,944	$	9,779	$	14,723
Completed, not released	300		992		1,292		630		762		1,392
In-process	4,408		5,466		9,874		4,371		4,623		8,994
In development or pre-production	205		129		334		351		162		513
	$	10,209	$	16,623	26,832		$	10,296	$	15,326	25,622
Licensed content - Television programming rights and advances					4,962						6,110
Total produced and licensed content					$	31,794					$	31,732
Current portion					$	1,125					$	2,183
Non-current portion					$	30,669					$	29,549

Amortization of produced and licensed content is as follows:

	Quarter Ended
	January 1, 2022		January 2, 2021
Produced content
Predominantly monetized individually	$	1,033	$	612
Predominantly monetized as a group	1,618		1,198
	2,651		1,810
Licensed programming rights and advances	4,811		4,539
Total produced and licensed content costs(1)	$	7,462	$	6,349

(1)Primarily included in “Costs of services” in the Condensed Consolidated Statements of Income.