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Revenue
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue
Note 5 — Revenue
The following table sets forth the Company’s revenues disaggregated by type for the three and nine months ended September 30, 2022, and 2021, as well as the relative percentage of each revenue type to total revenue.
 
    
Three Months Ended September 30,
   
Nine months Ended September 30,
 
                                                      
    
2022
   
2021
   
2022
   
2021
 
                                                      
    
(in thousands, except percentages)
   
(in thousands, except percentages)
 
Subscriptions – O&O Service
   $ 7,890        33   $ 5,382        29   $ 23,110        36   $ 14,053        32
Subscriptions – App Services
     960        4     1,003        5     3,018        5     2,889        7
    
 
 
    
 
 
   
 
 
    
 
 
   
 
 
    
 
 
   
 
 
    
 
 
 
Subscriptions – Total
     8,850        37     6,385        34     26,128        41     16,942        39
License Fees – Affiliates
     3,752        16     4,631        25     13,741        22     13,713        31
License Fees –
Content Licensing
 
(1)
     10,790        46     6,760        36     21,692        34     12,277        28
    
 
 
    
 
 
   
 
 
    
 
 
   
 
 
    
 
 
   
 
 
    
 
 
 
License Fees – Total
     14,542        62     11,391        61     35,433        56     25,990        59
Other – Total
(1)(2)
     177        1     929        5     1,983        3     1,053        2
    
 
 
            
 
 
            
 
 
            
 
 
          
Total Revenues
   $ 23,569              $ 18,705              $ 63,544              $ 43,985           
    
 
 
            
 
 
            
 
 
            
 
 
          
 
(1)
For the three and nine months ended September 30, 2022, total related party revenue was $2.2 million and $4.3 million, respectively. This consisted of $2.2 million and $2.7 million for the three and nine months ended September 30, 2022, respectively, for content licensed by the Company to the Spiegel Venture included in License
Fees – Content Licensing
. Total related party revenue also includes $1.6 million for the nine months ended September 30, 2022 for marketing services rendered to Nebula, which is included in Other revenue.
(2)
In addition to (1) above, Other revenue for the three and nine months ended September 30, 2022 includes other marketing services for $0.2 million and $0.4 million, respectively.
Revenues expected to be recognized in the future related to performance obligations that are unsatisfied as of September 30, 2022 are as follows:
 
    
Remainder
of year
ending
December 31,
    
For the years ending December 31,
               
    
2022
    
2023
    
2024
    
2025
    
2026
    
Thereafter
    
Total
 
                                                  
    
(in thousands)
 
Remaining Performance Obligations
   $ 4,806      $ 8,126      $ 5,004      $ 3,338      $ 26      $ 184      $ 21,484  
These amounts include only fixed consideration or minimum guarantees and do not include amounts related to (i) contracts with an original expected term of one year or less or (ii) licenses of content that are solely based on sales or usage-based royalties.
Contract liabilities (i.e., deferred revenue) consists of subscriber and affiliate license fees billed that have not been recognized, amounts contractually billed or collected for
content licensing
 in advance of the related content being made available to the customer, and unredeemed gift certificates and other prepaid subscriptions that have not been redeemed. Total deferred revenue was $18.7 million and $23.2 
million as of September 30, 2022 and December 31, 2021, respectively, with the non-current portion of
$0.9 million and $0.8 
million as of September 30, 2022 and December 31, 2021, respectively, included in other liabilities on the unaudited consolidated balance sheets. The decrease in deferred revenue is primarily due to revenue recognized during the nine months ended September 30, 2022 related to
content licensing
 amounts that were previously recorded in deferred revenue, partially offset by the growth in annual subscriptions, which require upfront annual payments.
Revenues of $4.5
 million and 
$20.6
 million were recognized during the three and nine months ended September 30, 2022, respectively, related to the balance of deferred revenue as of December 31, 2021.