Program Rights

9 Months Ended

Sep. 30, 2021

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


	September 30, 2021
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	324,136	$	31,900	$	356,036
In-production and in-development	363,001		9,317		372,318
Total owned original program rights, net	$	687,137	$	41,217	$	728,354

Licensed program rights, net:
Licensed film and acquired series	$	11,609	$	603,018	$	614,627
Licensed originals	208,867		—		208,867
Advances and content versioning costs	—		166,332		166,332
Total licensed program rights, net	220,476		769,350		989,826
Program rights, net	$	907,613	$	810,567	$	1,718,180

Current portion of program rights, net					$	18,005
Program rights, net (long-term)					1,700,175
					$	1,718,180

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


	Three Months Ended September 30, 2021						Nine Months Ended September 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	$	112,620	$	12,912	$	125,532	$	197,447	$	25,049	$	222,496
Licensed program rights	19,579		123,181		142,760		65,464		313,680		379,144
Program rights amortization	$	132,199	$	136,093	$	268,292	$	262,911	$	338,729	$	601,640


	Three Months Ended September 30, 2020						Nine Months Ended September 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	$	74,597	$	11,854	$	86,451	$	235,868	$	27,831	$	263,699
Licensed program rights	20,479		100,019		120,498		61,741		296,764		358,505
Program rights amortization	$	95,076	$	111,873	$	206,949	$	297,609	$	324,595	$	622,204

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 significant program rights write-offs included in technical and operating expense for the three and nine months ended September 30, 2021. Program rights write-offs included in technical and operating expense were $24.8 million and $36.9 million for the three and nine months ended September 30, 2020, respectively.