Investments in Productions and Investments in Acquired Content Rights

12 Months Ended

Dec. 27, 2020

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 $627,873 as of December 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 assets as they are 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 if it appears that any portion of the unamortized amount is unrecoverable from future expected net

revenues, the unamortized balance will be expensed as part of program cost amortization during the period the loss becomes evident.

Programming costs are included in other assets and consist of the following at December 27, 2020 and December 29, 2019:


	2020		2019
Film and television programming
Released, less amortization	$	428,020	43,625
Completed, not released	17,251		—
In production	185,503		67,013
In development	67,611		7,111

Other programming
Released, less amortization	13,664		—
Completed, not released	2,131		—
In production	5,435		—
In development	7,571		—
Total program production costs	$	727,186	117,749

Based on management’s total revenue estimates at December 27, 2020, the Company's expected future amortization expenses for capitalized programming costs over the next five years are as follows: