Film Assets

12 Months Ended

Dec. 31, 2023

Film, Capitalized Cost [Abstract]

Film Assets

9. Film Assets

	As of December 31,
(In thousands of U.S. Dollars)	2023		2022
Completed and released films, net of accumulated amortization of	$	1,382	$	1,227
$236,275 (2022 ― $235,029)
Films in production		4,341		1,667
Films in development		1,063		2,383
	$	6,786	$	5,277

The Company expects to amortize $5.0 million of the Film Assets balance within three years from December 31, 2023, including $3.2 million expected to be amortized in 2024, $0.9 million in 2025, and $0.9 million in 2026. In certain film arrangements, the Company co-produces a film with a third party whereby the third party retaining certain rights to the film. The amount of participation payments owed to third parties related to co-produced films as of December 31, 2023 is $3.8 million (December 31, 2022 — $3.8 million) and is recorded on the Consolidated Balance Sheets within Accrued and Other Liabilities.

In 2023, the Company recorded impairment losses of $0.4 million related to the write-down of film assets (2022 — $0.8 million; 2021 — $0.2 million).