Program Rights (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Program Rights by Predominant Monetization Strategy

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


	March 31, 2023
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	217,577	$	369,878	$	587,455
In-production and in-development	62,655		362,921		425,576
Total owned original program rights, net	$	280,232	$	732,799	$	1,013,031

Licensed program rights, net:
Licensed film and acquired series	$	2,084	$	611,963	$	614,047
Licensed originals	5,807		167,274		173,081
Advances and content versioning costs	—		79,788		79,788
Total licensed program rights, net	7,891		859,025		866,916
Program rights, net	$	288,123	$	1,591,824	$	1,879,947

Current portion of program rights, net					$	10,765
Program rights, net (long-term)					1,869,182
					$	1,879,947


	December 31, 2022
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	215,496	$	322,248	$	537,744
In-production and in-development	45,098		294,086		339,184
Total owned original program rights, net	$	260,594	$	616,334	$	876,928

Licensed program rights, net:
Licensed film and acquired series	$	3,092	$	642,768	$	645,860
Licensed originals	5,373		171,418		176,791
Advances and content versioning costs	—		74,167		74,167
Total licensed program rights, net	8,465		888,353		896,818
Program rights, net	$	269,059	$	1,504,687	$	1,773,746

Current portion of program rights, net					$	10,807
Program rights, net (long-term)					1,762,939
					$	1,773,746

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 March 31, 2023
(In thousands)		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights		$	21,303	$	44,936	$	66,239
Licensed program rights		1,664		119,170		120,834
Program rights amortization		$	22,967	$	164,106	$	187,073


	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