eOne Investments in Productions and Investments in Acquired Content Rights

9 Months Ended

Sep. 27, 2020

Other Industries [Abstract]

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, which amounted to $619,545 as of September 27, 2020 and was recorded in other assets within the Company's consolidated balance sheets.

Investments in productions and investments in acquired content rights are predominantly monetized on a title-by-title basis and 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 on an individual film basis 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 September 27, 2020:

	September 27, 2020
Film and TV Programming
Released, less amortization	$	477,329
Completed and not released	18,070
In production	51,001
Pre-production	41,144
	587,544
Other Programming
Released, less amortization	11,511
Completed and not released	3,421
In production	9,057
Pre-production	8,012
	32,001
Total program costs	$	619,545

The Company recorded $244,194 of program cost amortization related to the above programming in the nine months ended September 27, 2020, consisting of the following:

	Investment in Production		Investment in Content	Total
Program cost amortization	$	172,630	71,564	244,194