Commitments and Contingencies |
9 Months Ended |
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Sep. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and contingencies | Note 12 — Commitments and contingencies Content commitments As of September 30, 2022, the Company had $16.5 million of content obligations comprised of $5.0 million included in content liabilities in the accompanying unaudited consolidated balance sheets, and $11.5 million of obligations that are not reflected in the accompanying consolidated balance sheets as they did not yet meet the asset recognition criteria for content assets. Content obligations of $9.8 million are expected to be paid through December 31, 2022, and $6.7 million during the year ending December 31, 2023. As of December 31, 2021, the Company had $39.0 million of content obligations comprised of $9.7 million included in current content liabilities in the accompanying unaudited consolidated balance sheets and $29.3 million of obligations that are not reflected in the accompanying unaudited consolidated balance sheets as they did not yet meet the asset recognition criteria for content assets. Content obligations include amounts related to licensed, commissioned and internally produced streaming content. An obligation for the production of content includes non-cancelable commitments under creative talent and employment agreements. An obligation for the licensed and commissioned content is incurred at the time the Company enters into an agreement to obtain future titles. Once a title becomes available, a content liability is generally recorded. Certain agreements include the obligation to license rights for unknown future titles, the ultimate quantity and/or fees for which are not yet determinable as of the reporting date. Advertising commitments The Company has certain commitments with respect to future advertising and marketing expenses as stated in the various licensee agreements to which the Company is party. Certain of the agreements do not specify the amount of advertising and marketing commitment; however, the total commitments for agreements which do specify the amount are $7.1 million as of September 30, 2022, of which $6.0 million is expected to be paid through December 31, 2022, and $0.6 million and $0.5 million are expected to be paid during the years ending December31, 2023 and 2024, respectively. |