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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED-PARTY TRANSACTIONS
EQUITY INVESTMENTS
For the years ended December 31, 2023, and 2022, the Company recognized $1.1 million and $0.3 million of revenue, respectively, related to license fees from the Spiegel Venture. For the years ended December 31, 2023, and 2022, the Company recognized zero and $1.6 million of revenue, respectively, related to advertising services provided to Nebula.
For the years ended December 31, 2023, and 2022, the Company also recorded $4.5 million and $4.3 million, respectively, in cost of revenues pertaining to the revenue share arrangement with Nebula from subscription sales to certain bundled subscription packages. This revenue share is recorded in cost of revenues on the consolidated statement of operations.
As of December 31, 2023, and 2022, the impacts of the arrangements with Spiegel Venture and Nebula on the Company’s consolidated balance sheets were as follows:
December 31,
(in thousands)20232022
  
Accounts receivable$811 $3,358 
Accounts payable374 404 
For the years ended December 31, 2023, and 2022, the impacts of arrangements with the Spiegel Venture and Nebula on the Company’s consolidated statements of operations were as follows:
Year Ended December 31,
(in thousands)20232022
Revenues$1,091 $1,901 
Cost of revenues4,609 4,289 
OPERATING LEASE
The Company sublets a portion of its office space to Hendricks Investment Holdings, LLC, which is considered a related party as it is managed by various members of the Board. The Company accounts for the arrangement as an operating lease. Refer to Note 13 - Leases for further information.
PRODUCTION AGREEMENTS
The Company has entered into various agreements with a production company of which the Company’s Chief Executive Officer has a less than 10% ownership interest. For the year ended December 31, 2022, the Company paid a total of $2.4 million to this production company upon various milestones stated in the agreements. As of December 31, 2022, the Company no longer had any obligation under these agreements