Television Distribution Rights

Television distribution rights in the accompanying condensed consolidated balance sheets consisted of the following:



	May 2, 2020			February 1, 2020
Television distribution rights	$	22,028,000		$	—
Less accumulated amortization	(47,000		)	—
Television distribution rights, net	$	21,981,000		$	—

During the first quarter of fiscal 2020, the Company entered into certain affiliation agreements with television service providers for carriage of our television programming over their systems, including channel placement rights. The rights provide the Company with a channel position on the service provider's channel line-up. The Company recorded television distribution rights of $22.0 million during the first quarter of fiscal 2020, which represents the present value of payments for the television distribution channel placement. Television distribution rights are amortized on a straight-line basis over the lives of the individual agreements. The remaining weighted average lives of the television distribution rights was 1.3 years as of May 2, 2020. Amortization expense related to the television distribution rights was $47,000 for the three-month period ended May 2, 2020 and is included in depreciation and amortization within the condensed consolidated statement of operations. Estimated amortization expense is $14,049,000 for fiscal 2020 and $7,979,000 for fiscal 2021. The liability relating to the television distribution rights was $22,034,000 as of May 2, 2020, of which $13,114,000 was classified as current in the accompanying condensed consolidated balance sheets. The long-term portion of the obligations is included in other long term liabilities within the accompanying condensed consolidated balance sheets. Estimated interest expense is $1,058,000 for fiscal 2020 and $441,000 for fiscal 2021.

In addition to the channel placement fees, the Company's affiliation agreements generally provide that we will pay each operator a monthly access fee, most often based on the number of homes receiving our programming, and in some cases marketing support payments. Monthly access fees are expensed as distribution and selling expense within the condensed consolidated statement of operations.