| Schedule of Content Assets |
The gross cost and accumulated amortization of content assets are as follows: | | | | | | | | | | | | | | | As of March 31, 2026 | | As of December 31, 2025 | | | | | | | | | | (In thousands) | | | | Licensed Content, net | | | | | | | Acquired | $ | 16,535 | | $ | 19,307 | | | | Produced Content, net | | | | | | | Completed | 83,359 | | 85,595 | | | | In production | 7,038 | | 7,089 | | | | In development and pre-production | — | | 30 | | | | Content assets, net | 106,932 | | 112,021 | | | | Less: current portion | (38,441) | | | (39,469) | | | | | Noncurrent portion | $ | 68,491 | | $ | 72,552 | | |
| | | | | | | | | | | | | Three Months Ended March 31, | | 2026 | | 2025 | | (In thousands) | | Content amortization - acquired | $ | 3,590 | | | $ | 3,979 | | | Content amortization - produced | 6,279 | | | 5,903 | | | Total content amortization | $ | 9,869 | | | $ | 9,882 | |
|