
	June 30, 2025
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	48,615	$	608,671	$	657,286
In-production and in-development	—		258,920		258,920
Total owned original program rights, net	$	48,615	$	867,591	$	916,206

Licensed program rights, net:
Licensed film and acquired series	$	119	$	621,013	$	621,132
Licensed originals	—		129,191		129,191
Advances and other production costs	—		66,890		66,890
Total licensed program rights, net	119		817,094		817,213
Program rights, net	$	48,734	$	1,684,685	$	1,733,419

Current portion of program rights, net					$	4,092
Program rights, net (long-term)					1,729,327
					$	1,733,419


	December 31, 2024
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	65,129	$	647,632	$	712,761
In-production and in-development	—		222,660		222,660
Total owned original program rights, net	$	65,129	$	870,292	$	935,421

Licensed program rights, net:
Licensed film and acquired series	$	261	$	543,396	$	543,657
Licensed originals	—		147,245		147,245
Advances and other production costs	—		90,318		90,318
Total licensed program rights, net	261		780,959		781,220
Program rights, net	$	65,390	$	1,651,251	$	1,716,641

Current portion of program rights, net					$	2,689
Program rights, net (long-term)					1,713,952
					$	1,716,641

Amortization, including write-offs, of owned and licensed program rights, included in Technical and operating expenses in the condensed consolidated statements of income (loss), is as follows:


	Three Months Ended June 30, 2025						Six Months Ended June 30, 2025
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights	$	11,645	$	91,290	$	102,935	$	15,538	$	178,433	$	193,971
Licensed program rights	63		108,752		108,815		142		215,518		215,660
	$	11,708	$	200,042	$	211,750	$	15,680	$	393,951	$	409,631


	Three Months Ended June 30, 2024						Six Months Ended June 30, 2024
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total

Owned original program rights	$	17,313	$	78,564	$	95,877	$	42,165	$	138,670	$	180,835
Licensed program rights	201		116,086		116,287		1,832		232,049		233,881
	$	17,514	$	194,650	$	212,164	$	43,997	$	370,719	$	414,716

There were no significant program rights write-offs included in technical and operating expenses for the three and six months ended June 30, 2025 or 2024.

In the normal course of business, the Company may qualify for tax incentives through eligible spend on productions. Receivables related to tax incentives earned on production spend as of June 30, 2025 consisted of $175.2 million recorded in Prepaid expenses and other current assets and $42.7 million recorded in Other assets. Receivables related to tax incentives earned on production spend as of December 31, 2024 consisted of $182.0 million recorded in Prepaid expenses and other current assets and $42.4 million recorded in Other assets.