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Redeemable Noncontrolling Interests
3 Months Ended
Mar. 31, 2024
Noncontrolling Interest [Abstract]  
Redeemable Noncontrolling Interests Redeemable Noncontrolling Interests
In connection with the Company's previous acquisitions of New Video Channel America L.L.C (owner of the cable channel BBC America) and RLJ Entertainment, the terms of the acquisition agreements provide the noncontrolling members with a right to put all of their noncontrolling interest to subsidiaries of the Company at a future time. Since the exercise of these put rights is outside the Company's control, the noncontrolling interest in each entity is presented as a redeemable noncontrolling interest outside of stockholders' equity on the Company's condensed consolidated balance sheet.
The following tables summarize activity related to redeemable noncontrolling interest for the three months ended March 31, 2024 and 2023:
(In thousands)Three Months Ended March 31, 2024
December 31, 2023$185,297 
Net earnings10,520 
Distributions(1,168)
Adjustment to redemption fair value2,721 
March 31, 2024$197,370 
(In thousands)Three Months Ended March 31, 2023
December 31, 2022$253,669 
Net earnings6,270 
Distributions(10,020)
March 31, 2023$249,919