eOne Investments in Productions and Investments in Acquired Content Rights

3 Months Ended

Mar. 29, 2020

eOne Investment in Productions and Investments in Acquired Content Rights

eOne Investments in Productions and Investments in Acquired Content Rights

In connection with the Company's acquisition of eOne, the Company acquired eOne's library of television and film and music content rights valued at $722,834 as of March 29, 2020 which was recorded in other assets within the Company's consolidated balance sheets.

Investments in productions and investments in acquired content rights are recorded in the consolidated balance sheets to the extent they are considered recoverable against future revenues. These amounts are being amortized to program cost amortization using a model that reflects the consumption of the asset as it is released through various channels including broadcast licenses, theatrical release and home entertainment. Amounts capitalized are to be reviewed periodically and any portion of the unamortized amount that appears not to be recoverable from future net revenues will be expensed as part of program cost amortization during the period the loss becomes evident.

Costs associated with the Company's investments in eOne productions and investments in acquired content rights consisted of the following at March 29, 2020:



	Quarter Ended
	March 29, 2020
Film Programming
Released, less amortization	$	300,619
Completed and not released	63,100
In production	25,702
Pre-production	20,248
	409,669
TV Programming
Released, less amortization	101,925
Completed and not released	74,900
In production	64,188
Pre-production	59,863
	300,876
Other Programming
Released, less amortization	10,112
In production	2,177
	12,289

Total program costs	$	722,834

The Company recorded $123,383 of program cost amortization related to the above programming in the quarter ended March 29, 2020, consisting of the following:



	Investment in Production		Investment in Content	Total
Program cost amortization	$	83,404	39,979	123,383