Investments in Productions and Investments in Acquired Content Rights (Tables)

12 Months Ended

Dec. 26, 2021

Other Industries [Abstract]

Schedule of Programming Costs

Programming costs are included in other assets and consist of the following at December 26, 2021 and December 27, 2020:

(In millions)	2021		2020
Investment in Films and Television Programs:
Individual Monetization
Released, net of amortization	$	481.7	$	428.0
Completed and not released	18.5		17.3
In production	151.6		185.5
Pre-production	84.0		67.6
	735.8		698.4
Film/TV Group Monetization (1)
Released, net of amortization	32.2		—
In production	13.0		—
	45.2		—
Investment in Other programming:
Released, net of amortization	5.3		13.7
Completed and not released	0.4		2.1
In production	12.6		5.4
Pre-production	1.7		7.6
	20.0		28.8
Total Program Investments	$	801.0	$	727.2

(1) Due to a monetization strategy change, during 2021 the Company began monetizing certain content assets as a film/TV group.

Program Cost Amortization

The Company recorded $628.6 million of program cost amortization related to released programming during 2021, consisting of the following:

(In millions)	Investment in Production		Investment in Content		Other		Total
Program cost amortization	$	541.8	$	78.3	$	8.5	$	628.6

Based on management’s total revenue estimates at December 26, 2021, the Company's expected future amortization expenses for capitalized programming costs over the next five years are as follows:

(In millions)	2022		2023	2024	2025	2026
Completed and not released	$	19.6	0.4	0.4	0.3	0.3
Released	102.2		71.0	65.0	72.5	60.1
In production	46.6		49.2	8.7	7.9	7.1
Pre-production	6.0		8.0	10.0	—	—
Total	$	174.4	128.6	84.1	80.7	67.5