PROGRAMMING AND OTHER INVENTORY

The following table presents our programming and other inventory at March 31, 2025 and December 31, 2024, grouped by type and predominant monetization strategy.


	At			At
	March 31, 2025			December 31, 2024
Film Group Monetization:
Acquired program rights, including prepaid sports rights		$	2,662		$	3,168
Internally-produced television and film programming:
Released		7,149			6,847
In process and other		2,238			2,292

Individual Monetization:
Acquired libraries		301			308
Films:
Released		750			877
Completed, not yet released		48			42
In process and other		1,189			960
Internally-produced television programming:
Released		633			638
In process and other		94			195
Home entertainment		22			26
Total programming and other inventory		15,086			15,353
Less current portion		1,054			1,429
Total noncurrent programming and other inventory		$	14,032		$	13,924

The following table presents amortization of our television and film programming and production costs, which is included within “Operating expenses” on the Consolidated Statements of Operations.


	Three Months Ended
	March 31,
		2025		2024
Acquired program rights		$	1,511	$	1,782

Internally-produced television and film programming, and acquired libraries:
Individual monetization		$	369	$	298
Film group monetization		$	1,299	$	1,060

During the first quarter of 2024, we recorded programming charges totaling $1.12 billion as a result of major changes to our content strategy. These changes, which were in connection with our shift to a global programming strategy, resulted in the removal of significant levels of content from our platforms, abandonment of development projects, and termination of programming agreements, particularly internationally, including locally-produced content and domestic titles that no longer aligned with our global strategy. The removal of this content from our platforms was a triggering event that required us to assess whether the affected programming assets were impaired. Our impairment review compared the current carrying value of each title with its fair value, which considered (1) that the titles were no longer being utilized on our platforms and we had no intention to use the titles on our platforms in the future and (2) the estimated future cash flows associated with any anticipated licensing of the titles to third parties, which was minimal. The programming charges were comprised of $909 million for the impairment of content to its estimated fair value, as well as $209 million for development cost write-offs and contract termination costs.