Program Rights

6 Months Ended

Jun. 30, 2021

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


	June 30, 2021
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	280,754	$	29,279	$	310,033
In-production and in-development	329,903		11,248		341,151
Total owned original program rights, net	$	610,657	$	40,527	$	651,184

Licensed program rights, net:
Licensed film and acquired series	$	11,520	$	581,864	$	593,384
Licensed originals	194,520		—		194,520
Advances and content versioning costs	—		130,720		130,720
Total licensed program rights, net	206,040		712,584		918,624
Program rights, net	$	816,697	$	753,111	$	1,569,808

Current portion of program rights, net					$	18,091
Program rights, net (long-term)					1,551,717
					$	1,569,808

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


	Three Months Ended June 30, 2021						Six Months Ended June 30, 2021
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights	$	50,921	$	7,571	$	58,492	$	84,827	$	12,137	$	96,964
Licensed program rights	20,865		103,004		123,869		45,885		190,499		236,384
Program rights amortization	$	71,786	$	110,575	$	182,361	$	130,712	$	202,636	$	333,348


	Three Months Ended June 30, 2020						Six Months Ended June 30, 2020
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights	$	62,229	$	9,458	$	71,687	$	161,271	$	15,977	$	177,248
Licensed program rights	19,910		99,678		119,588		41,262		196,745		238,007
Program rights amortization	$	82,139	$	109,136	$	191,275	$	202,533	$	212,722	$	415,255

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 and six months ended June 30, 2021. Program rights write-offs included in technical and operating expense were $7.9 million and $12.1 million for the three and six months ended June 30, 2020, respectively.