Variable Interest Entities

3 Months Ended

Mar. 31, 2022

Variable Interest Entity Disclosure [Abstract]

Variable Interest Entities

VARIABLE INTEREST ENTITIES

In the normal course of business, we enter into joint ventures or make investments with business partners that support our underlying business strategy and provide us the ability to enter new markets to expand the reach of our brands, develop new programming and/or distribute our existing content. In certain instances, an entity in which we make an investment may qualify as a variable interest entity (“VIE”). In determining whether we are the primary beneficiary of a VIE, we assess whether we have the power to direct matters that most significantly impact the activities of the VIE, and have the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.

The following tables present the amounts recorded in our consolidated financial statements related to our consolidated VIEs.

		At			At
	March 31, 2022			December 31, 2021
Total assets		$	1,606		$	1,578
Total liabilities		$	285		$	184

	Three Months Ended
	March 31,
	2022		2021
Revenues	$	103	$	71
Operating income (loss)	$	(28)	$	5