Program Rights (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Program Rights by Predominant Monetization Strategy

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


	March 31, 2024
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	114,384	$	587,345	$	701,729
In-production and in-development	—		246,276		246,276
Total owned original program rights, net	$	114,384	$	833,621	$	948,005

Licensed program rights, net:
Licensed film and acquired series	$	732	$	572,597	$	573,329
Licensed originals	—		162,587		162,587
Advances and other production costs	—		83,230		83,230
Total licensed program rights, net	732		818,414		819,146
Program rights, net	$	115,116	$	1,652,035	$	1,767,151

Current portion of program rights, net					$	13,881
Program rights, net (long-term)					1,753,270
					$	1,767,151


	December 31, 2023
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	139,363	$	532,839	$	672,202
In-production and in-development	—		284,455		284,455
Total owned original program rights, net	$	139,363	$	817,294	$	956,657

Licensed program rights, net:
Licensed film and acquired series	$	973	$	599,607	$	600,580
Licensed originals	1,555		169,489		171,044
Advances and other production costs	—		82,252		82,252
Total licensed program rights, net	2,528		851,348		853,876
Program rights, net	$	141,891	$	1,668,642	$	1,810,533

Current portion of program rights, net					$	7,880
Program rights, net (long-term)					1,802,653
					$	1,810,533

Schedule of Amortization of Owned and Licensed Program Rights

Amortization, including write-offs, 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, 2024
(In thousands)		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights		$	24,852	$	60,106	$	84,958
Licensed program rights		1,631		115,963		117,594
Program rights amortization		$	26,483	$	176,069	$	202,552


	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