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Investments in Productions and Investments in Acquired Content Rights
6 Months Ended
Jun. 29, 2025
Other Industries [Abstract]  
Investments in Productions and Investments in Acquired Content Rights Investments in Productions and Investments in Acquired Content Rights
Investments in productions and investments in acquired content rights are predominantly monetized on a title-by-title basis and are recorded within Other assets in the Company's Consolidated Balance Sheets to the extent they are considered recoverable against future revenues. These amounts are being amortized to program cost amortization using a model that reflects the consumption of the asset as it is released through various channels including broadcast licenses, theatrical release and home entertainment. Amounts capitalized are reviewed periodically on an individual title basis and any portion of the unamortized amount that appears not to be recoverable from future net revenues is expensed as part of program cost amortization during the period the loss becomes evident.
The Company's unamortized investments in productions and investments in acquired content rights consisted of the following:
June 29,
2025
June 30,
2024
December 29,
2024
Investment in Films and Television Programs:
Individual Monetization
Released, net of amortization$56.0 $54.6 $62.4 
Completed and not released9.9 — — 
In production1.5 30.7 10.8 
Pre-production9.3 6.9 7.4 
76.7 92.2 80.6 
Film/TV Group Monetization
Released, net of amortization31.4 43.1 37.5 
Investment in Other Programming
Released, net of amortization7.9 0.3 6.0 
Completed and not released— 0.7 — 
In production1.4 4.8 0.7 
Pre-production— 3.6 — 
9.3 9.4 6.7 
Total Program Investments$117.4 $144.7 $124.8 
The Company's program cost amortization that related to investments in production that were released during the three and six months ended June 29, 2025 were $6.2 million and $13.6 million, respectively. The Company's program cost amortization that related to investments in production that were released during the three and six months ended June 30, 2024 were $8.5 million and $16.6 million, respectively.