GOODWILL AND INTANGIBLE ASSETS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Goodwill and Intangible Assets Disclosure [Abstract] | |
| GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS We perform fair value-based impairment tests of goodwill and intangible assets on an annual basis, and between annual tests if an event occurs or if circumstances change that would more likely than not reduce the fair value of a reporting unit or an intangible asset below its carrying value. During the three months ended March 31, 2026, the Company performed goodwill and intangible assets impairment monitoring procedures for all of its reporting units and identified no indicators of impairment. The Company continues to monitor its reporting units for triggers that could impact the recoverability of goodwill. Long-term trends and risks the Company is monitoring in its ongoing assessment include, but are not limited to, the following: •uncertainty related to affiliate rights renewals associated with the Company’s Global Linear Networks and Streaming reporting units; •declining levels of global GDP growth and continued softness in the U.S. linear advertising market associated with the Company’s Global Linear Networks reporting unit; •increased competition for advertising expenditures associated with the Company’s Global Linear Networks and Streaming reporting units as a result of an increase in digital advertising inventory available in the marketplace; •content licensing trends and volatility related to the performance of theatrical film and game slates in the Company’s Studios reporting unit; and •risks in executing the projected growth strategies of the Company’s Streaming reporting unit.
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