v3.26.1
Programming and Production Costs
6 Months Ended
Jun. 30, 2026
Other Industries [Abstract]  
Programming and Production Costs Programming and Production Costs
Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions)2026202520262025
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 rights3,062 2,474 8,651 5,279 
Other382 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 released469 84 
Released, less amortization4,385 4,571 
7,212 7,551 
Licensed, including sports advances3,255 4,663 
Film and television costs$10,467 $12,214