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Film and Television Costs
12 Months Ended
Sep. 29, 2012
Film and Television Costs
7 Film and Television Costs

Film and Television costs are as follows:

 

     September 29,
2012
     October 1,
2011
 

Theatrical film costs

     

Released, less amortization

     $         1,389                 $         1,580           

Completed, not released

     45                 3           

In-process

     1,409                 1,198           

In development or pre-production

     280                 175           
  

 

 

    

 

 

 
     3,123                 2,956           
  

 

 

    

 

 

 

Television costs

     

Released, less amortization

     693                 688           

Completed, not released

     268                 259           

In-process

     242                 231           

In development or pre-production

     -                 -           
  

 

 

    

 

 

 
     1,203                 1,178           
  

 

 

    

 

 

 

Television broadcast rights

     891                 897           
  

 

 

    

 

 

 
     5,217                 5,031           

Less current portion

     676                 674           
  

 

 

    

 

 

 

Non-current portion

     $ 4,541                 $ 4,357           
  

 

 

    

 

 

 

Based on management’s total gross revenue estimates as of September 29, 2012, approximately 76% of unamortized film and television costs for released productions (excluding amounts allocated to acquired film and television libraries) is expected to be amortized during the next three years. During fiscal year 2016, we expect an amortization level of 80% will be reached. Approximately $907 million of accrued participation and residual liabilities will be paid in fiscal year 2013. The Company expects to amortize, based on current estimates, approximately $1.1 billion in capitalized film and television production costs during fiscal 2013.

At September 29, 2012, acquired film and television libraries have remaining unamortized costs of $212 million, which are generally amortized straight-line over a weighted-average remaining period of approximately 8 years.