INTANGIBLE ASSETS |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INTANGIBLE ASSETS |
Intangible Assets, Net consists of the following:
Amortization expense associated with Blackstone’s intangible assets was $11.0 million for the three months ended March 31, 2017 and $22.8 million for the three months ended March 31, 2016. Amortization of Intangible Assets held at March 31, 2017 is expected to be $43.9 million, $43.8 million, $43.8 million, $43.8 million, and $43.8 million for each of the years ending December 31, 2017, 2018, 2019, 2020, and 2021, respectively. Blackstone’s intangible assets as of March 31, 2017 are expected to amortize over a weighted-average period of 5.9 years. |