4.	*Film costs*

Film costs are comprised of the following:


	Yen in millions
	March 31
	2011			2012
Motion picture productions:
Released		102,415			98,910
Completed and not released		14,260			10,800
In production and development		107,811			102,295
Television productions:
Released		40,581			44,461
In production and development		1,688			2,853
Broadcasting rights		24,544			27,830
Less: current portion of broadcasting rights included in inventories		(15,910	)		(17,101	)

Film costs		275,389			270,048

Sony estimates that approximately 90% of the unamortized costs of released films at March 31, 2012 will be amortized within the next three years. Approximately 84 billion yen of completed film costs are expected to be amortized during the next twelve months. Approximately 91 billion yen of accrued participation liabilities included in accounts payable, other and accrued expenses are expected to be paid during the next twelve months.