Produced and Acquired/Licensed Content Costs and Advances

9 Months Ended

Jul. 02, 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 July 2, 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	$	4,811	$	11,841	$	16,652	$	4,944	$	9,779	$	14,723
Completed, not released	478		2,109		2,587		630		762		1,392
In-process	4,593		6,051		10,644		4,371		4,623		8,994
In development or pre-production	261		315		576		351		162		513
	$	10,143	$	20,316	30,459		$	10,296	$	15,326	25,622
Licensed content - Television programming rights and advances					5,520						6,110
Total produced and licensed content					$	35,979					$	31,732
Current portion					$	1,902					$	2,183
Non-current portion					$	34,077					$	29,549

Amortization of produced and licensed content is as follows:

	Quarter Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Produced content
Predominantly monetized individually	$	878	$	757	$	2,749	$	2,127
Predominantly monetized as a group	1,674		1,391		4,795		3,830
	2,552		2,148		7,544		5,957
Licensed programming rights and advances	3,258		3,019		10,908		9,781
Total produced and licensed content costs(1)	$	5,810	$	5,167	$	18,452	$	15,738

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