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

9 Months Ended

Oct. 01, 2023

Other Industries [Abstract]

Schedule of Program Production Costs

The Company's unamortized investments in productions and investments in acquired content rights consisted of the following at October 1, 2023, September 25, 2022, and December 25, 2022:

	October 1, 2023 (1)		September 25, 2022		December 25, 2022
Investment in Films and Television Programs:
Individual Monetization
Released, net of amortization (2)	$	78.3	$	486.3	$	584.5
Completed and not released	—		1.2		23.3
In production	27.2		176.9		199.4
Pre-production	18.4		109.7		41.3
	123.9		774.1		848.5
Film/TV Group Monetization
Released, net of amortization	14.6		24.5		25.8
In production	33.2		24.5		22.2
	47.8		49.0		48.0
Investment in Other Programming
Released, net of amortization	16.5		12.9		9.8
Completed and not released	—		0.3		—
In production	6.8		8.4		11.8
Pre-production	1.5		1.5		3.3
	24.8		23.1		24.9
Total Program Investments	$	196.5	$	846.2	$	921.4

(1) During the third quarter of 2023, investments in productions and investments in acquired content rights of $734.5 million, net of accumulated amortization, attributable to the non-core eOne Film and TV business, which were previously classified within Other assets, were transferred to Assets held for sale.

(2) During the second quarter of 2023, the Company recorded film production cost impairment charges of $25.0 million associated with Dungeons & Dragons: Honor Among Thieves, within Program cost amortization in the Consolidated Statement of Operations, within the Entertainment Segment. The film impairment charges reflected the excess of the unamortized costs of the impaired film over its estimated fair value using estimated discounted future cash flows.

Schedule of Program Cost Amortization

The Company recorded $325.3 million of program cost amortization related to released programming in the nine months ended October 1, 2023, consisting of the following:

	Investment in Production		Investment in Content		Total
Program cost amortization	$	294.5	$	30.8	$	325.3