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

12 Months Ended

Dec. 31, 2023

Other Industries [Abstract]

Schedule of Programming Costs

Programming costs are included in Other assets and consist of the following at December 31, 2023 and December 25, 2022:

(In millions)	2023 (1)		2022
Investment in Films and Television Programs:
Individual monetization
Released, net of amortization	$	74.7	584.5
Completed and not released	5.1		23.3
In production	27.1		199.4
Pre-production	10.4		41.3
	117.3		848.5
Film/TV group monetization
Released, net of amortization	26.0		25.8
In production	23.6		22.2
	49.6		48.0
Investment in other programming:
Released, net of amortization	16.1		9.8
In production	0.8		11.8
Pre-production	0.8		3.3
	17.7		24.9
Total program investments	$	184.6	921.4

(1) Investments in productions and investments in acquired content totaling $734.8 million have been removed from the Company's balance sheet as of December 31, 2023, in connection with the sale of the eOne Film and TV business completed on December 27, 2023. See note 3 for additional information.

Summary of Program Cost Amortization

The Company recorded $448.9 million of program cost amortization related to released programming during 2023, consisting of the following:

(In millions)	Investment in Production		Investment in Content	Total
Program cost amortization	$	400.7	48.2	448.9

Based on management’s total revenue estimates as of December 31, 2023, the Company's expected future amortization expenses for capitalized programming costs over the next three years are as follows:

(In millions)	2024		2025	2026
Estimated Future Amortization Expense:
Individual monetization
Released	$	10.1	11.6	6.4
Film/TV group monetization
Released	15.4		16.7	25.2
Total	$	25.5	28.3	31.6