Program Rights

3 Months Ended

Mar. 31, 2022

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


	March 31, 2022
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	248,085	$	165,975	$	414,060
In-production and in-development	128,173		321,724		449,897
Total owned original program rights, net	$	376,258	$	487,699	$	863,957

Licensed program rights, net:
Licensed film and acquired series	$	5,797	$	598,519	$	604,316
Licensed originals	62,367		189,300		251,667
Advances and content versioning costs	26,600		123,589		150,189
Total licensed program rights, net	94,764		911,408		1,006,172
Program rights, net	$	471,022	$	1,399,107	$	1,870,129

Current portion of program rights, net					$	15,104
Program rights, net (long-term)					1,855,025
					$	1,870,129


	December 31, 2021
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	185,228	$	127,470	$	312,698
In-production and in-development	161,881		264,927		426,808
Total owned original program rights, net	$	347,109	$	392,397	$	739,506

Licensed program rights, net:
Licensed film and acquired series	$	7,005	$	620,935	$	627,940
Licensed originals	61,923		148,063		209,986
Advances and content versioning costs	57,278		107,196		164,474
Total licensed program rights, net	126,206		876,194		1,002,400
Program rights, net	$	473,315	$	1,268,591	$	1,741,906

Current portion of program rights, net					$	10,068
Program rights, net (long-term)					1,731,838
					$	1,741,906

Amortization of owned and licensed program rights, included in Technical and operating expenses on the condensed consolidated statements of income, is as follows:


	Three Months Ended March 31, 2022
(In thousands)		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights		$	49,840	$	16,935	$	66,775
Licensed program rights		7,608		118,469		126,077
Program rights amortization		$	57,448	$	135,404	$	192,852


	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

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 expenses in the consolidated statements of income. There were no significant program rights write-offs included in technical and operating expense for the three months ended March 31, 2022 or 2021.