v3.25.4
REVENUE (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenues Disaggregated by Type
The following table sets forth the Company’s disaggregated revenues for the years ended December 31, 2025, and 2024, as well as the relative percentage to total revenue.
Year Ended December 31,
(in thousands)20252024
Direct Business:
Direct-to-Consumer$23,763 33%$31,332 61%
Partner Direct9,850 14%7,260 14%
Total Direct Business33,613 47%38,592 75%
Content Licensing:
Library sales*
33,233 46%7,357 14%
Presales— —%441 1%
Total Content Licensing33,233 46%7,798 15%
Bundled Distribution3,379 5%3,937 8%
Other1,433 2%807 2%
Total revenues
$71,658 $51,134 
* Amounts includes $12.6 million and $4.5 million from trade and barter transactions for the years ended December 31, 2025, and 2024, respectively.
Schedule of Revenues Expected to be Recognized in the Future Related to Performance Obligations
As of December 31, 2025, the Company expects to recognize revenues in the future related to performance obligations that are unsatisfied as follows:
Year Ended December 31,
(in thousands)2026202720282029ThereafterTotal
Remaining performance obligations$2,467 $506 $296 $94 $12 $3,375 
Schedule of Contract Liability Balances
The following table provides a roll-forward of the contract liability balances for the fiscal year ended December 31, 2025:
(in thousands)20252024
Balance at beginning of period$11,350 $15,172 
Revenue recognized in the current period from beginning balance(10,951)(14,671)
New deferrals, net of amounts recognized in current period8,334 10,849 
Balance at end of period$8,733 $11,350 
Schedule Of Trade and Barter Revenues
For the years ended December 31, 2025, and 2024, trade and barter revenues were as follows:
Year Ended December 31,
(in thousands)
20252024
Trade and barter license fees: Content licensing
$12,573 $4,530 
Schedule Of Trade And Barter Costs
For the years ended December 31, 2025, and 2024, trade and barter costs of revenue were as follows:
Year Ended December 31,
(in thousands)
20252024
Trade and barter costs of revenue$18 $— 
Schedule Of Trade And Barter Transactions
For the years ended December 31, 2025, and 2024, additions to content assets resulting from trade and barter transactions were as follows:
Year Ended December 31,
(in thousands)
20252024
Trade and barter additions to content assets
$12,555 $4,530