Programming and Production Costs |
Programming and Production Costs | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in millions) | 2025 | | 2024 | | 2025 | | 2024 | Video distribution programming | $ | 2,511 | | | $ | 2,879 | | | $ | 5,170 | | | $ | 5,899 | | Film and television content: | | | | | | | | Owned(a) | 2,230 | | | 2,215 | | | 4,887 | | | 4,776 | Licensed, including sports rights | 2,474 | | | 2,570 | | | 5,279 | | | 5,494 | Other | 361 | | | 298 | | | 656 | | | 615 | Total programming and production costs | $ | 7,576 | | | $ | 7,961 | | | $ | 15,991 | | | $ | 16,784 | |
(a) Amount includes amortization of owned content of $1.8 billion and $4.0 billion for the three and six months ended June 30, 2025, respectively, and $1.8 billion and $4.0 billion for the three and six months ended June 30, 2024, respectively, as well as participations and residuals expenses. Capitalized Film and Television Costs | | | | | | | | | | | | (in millions) | June 30, 2025 | | December 31, 2024 | Owned: | | | | In production and in development | $ | 3,041 | | | $ | 3,342 | | Completed, not released | 609 | | | 209 | | Released, less amortization | 4,073 | | | 4,545 | | | 7,723 | | | 8,095 | | Licensed, including sports advances | 4,917 | | | 4,446 | | | | | | | | | | Film and television costs | $ | 12,640 | | | $ | 12,541 | |
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