v3.25.2
Program Rights (Tables)
 6 Months Ended
Jun. 30, 2025
Film, Disclosures [Abstract]  
Schedule of Program Rights by Predominant Monetization Strategy
Total capitalized produced and licensed content by predominant monetization strategy is as follows:
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, net119 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, net261 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 
Schedule of Amortization of Owned and Licensed Program Rights
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, 2025Six Months Ended June 30, 2025
(In thousands)Predominantly Monetized IndividuallyPredominantly Monetized as a GroupTotalPredominantly Monetized IndividuallyPredominantly Monetized as a GroupTotal
Owned original program rights$11,645 $91,290 $102,935 $15,538 $178,433 $193,971 
Licensed program rights63 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, 2024Six Months Ended June 30, 2024
(In thousands)Predominantly Monetized IndividuallyPredominantly Monetized as a GroupTotalPredominantly Monetized IndividuallyPredominantly Monetized as a GroupTotal
Owned original program rights$17,313 $78,564 $95,877 $42,165 $138,670 $180,835 
Licensed program rights201 116,086 116,287 1,832 232,049 233,881 
$17,514 $194,650 $212,164 $43,997 $370,719 $414,716