| Programming and Production Costs |
Programming and Production Costs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | | (in millions) | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | Video distribution programming | $ | 2,340 | | | $ | 2,511 | | | $ | 4,722 | | | $ | 5,170 | | | | | | | | Film and television content: | | | | | | | | | | | | | Owned(a) | 2,605 | | | 2,230 | | | 5,166 | | | 4,887 | | | | | | | | Licensed, including sports rights | 3,062 | | | 2,474 | | | 8,651 | | | 5,279 | | | | | | | | Other | 382 | | | 361 | | | 734 | | | 656 | | | | | | | | Total programming and production costs | $ | 8,389 | | | $ | 7,576 | | | $ | 19,273 | | | $ | 15,991 | | | | | | |
(a) Amount includes amortization of owned content of $1.9 billion and $3.9 billion for the three and six months ended June 30, 2026, respectively, and $1.8 billion and $4.0 billion for the three and six months ended June 30, 2025, respectively, as well as participations and residuals expenses. Capitalized Film and Television Costs | | | | | | | | | | | | | (in millions) | June 30, 2026 | | December 31, 2025 | | Owned: | | | | | In production and in development | $ | 2,358 | | | $ | 2,896 | | | Completed, not released | 469 | | | 84 | | | Released, less amortization | 4,385 | | | 4,571 | | | 7,212 | | | 7,551 | | | Licensed, including sports advances | 3,255 | | | 4,663 | | | | | | | | | | | Film and television costs | $ | 10,467 | | | $ | 12,214 | |
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