Program Rights (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Program Rights by Predominant Monetization Strategy

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


	June 30, 2022
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	219,611	$	301,862	$	521,473
In-production and in-development	105,010		311,768		416,778
Total owned original program rights, net	$	324,621	$	613,630	$	938,251

Licensed program rights, net:
Licensed film and acquired series	$	4,932	$	597,137	$	602,069
Licensed originals	83,794		208,111		291,905
Advances and content versioning costs	—		123,468		123,468
Total licensed program rights, net	88,726		928,716		1,017,442
Program rights, net	$	413,347	$	1,542,346	$	1,955,693

Current portion of program rights, net					$	13,794
Program rights, net (long-term)					1,941,899
					$	1,955,693


	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

Schedule of Amortization of Owned and Licensed Program Rights

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


	Three Months Ended June 30, 2022						Six Months Ended June 30, 2022
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights	$	44,504	$	30,381	$	74,885	$	94,344	$	47,316	$	141,660
Licensed program rights	9,633		119,520		129,153		17,241		237,989		255,230
Program rights amortization	$	54,137	$	149,901	$	204,038	$	111,585	$	285,305	$	396,890


	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