Program Rights

3 Months Ended

Mar. 31, 2021

Total capitalized produced and licensed content by predominant monetization strategy is as follows:


	March 31, 2021
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	252,306	$	23,015	$	275,321
In-production and in-development	263,912		13,197		277,109
Total owned original program rights, net	$	516,218	$	36,212	$	552,430

Licensed program rights, net:
Licensed film and acquired series	$	8,694	$	560,787	$	569,481
Licensed originals	195,814		—		195,814
Advances and content versioning costs	—		79,992		79,992
Total licensed program rights, net	204,508		640,779		845,287
Program rights, net	$	720,726	$	676,991	$	1,397,717

Current portion of program rights, net					$	15,833
Program rights, net (long-term)					1,381,884
					$	1,397,717

Amortization, including write-offs, of owned and licensed program rights is as follows:


	Three Months Ended March 31, 2021
(In thousands)		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights		$	33,906	$	4,566	$	38,472
Licensed program rights		25,020		87,495		112,515
Program rights amortization		$	58,926	$	92,061	$	150,987


	Three Months Ended March 31, 2020
(In thousands)		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights		$	105,561	$	—	$	105,561
Licensed program rights		21,352		97,069		118,421
Program rights amortization		$	126,913	$	97,069	$	223,982

The Company periodically reviews the programming usefulness of its licensed and owned original program rights based on several factors, including expected future revenue generation from airings on the Company's networks and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If it is determined that film or other program rights have limited, or no, future programming usefulness, the useful life is updated, which generally results in a write-off of the unamortized cost to technical and operating expense in the consolidated statements of income. There were no program rights write-offs included in technical and operating expense for the three months ended March 31, 2021 and 2020.