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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES:    
Net (loss) income $ (33,867) $ 69,862
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 168,675 168,136
Impairments and other losses, net 79 4,162
Amortization of debt discount and deferred financing costs 1,834 1,354
Amortization of deferred production content 19,883 13,089
Deferred income tax (benefit) expense (36,667) 98,997
Share-based compensation expense 31,632 40,445
Net unrealized and realized loss (gain) on equity investments with readily determinable fair value and loss in nonconsolidated affiliates 1,134 (601)
Loss (gain) on extinguishment of debt 2,071 (360,155)
Other non-cash adjustments 196 (1,700)
Change in assets and liabilities:    
Accounts receivable, net 19,314 3,400
Related party receivables and payables, net 1,588 11,026
Prepaid expenses and other current and non-current assets (6,189) (52,704)
Accounts payable (10,713) (18,831)
Accrued and other current and non-current liabilities (30,059) (30,989)
Deferred revenue (23,091) 3,301
Right-of-use lease assets and operating lease liabilities (3,237) (1,503)
Net cash provided by (used in) operating activities 102,583 (52,711)
INVESTING ACTIVITIES:    
Capital expenditures, net (19,365) (32,144)
Proceeds from dispositions, net 0 48,757
Other investing activities (262) (172)
Net cash (used in) provided by investing activities (19,627) 16,441
FINANCING ACTIVITIES:    
Repayment of debt (135,000) 0
Proceeds from issuance of debt 135,000 0
Principal repayments on debt (49,505) (105,000)
Taxes paid in lieu of shares issued for share-based compensation (9,622) (6,059)
Proceeds from exercise of stock options 6,999 0
Net cash used in financing activities (52,128) (111,059)
Effect of exchange rates on cash, cash equivalents, and restricted cash (73) 623
Net increase (decrease) in cash, cash equivalents, and restricted cash 30,755 (146,706)
Cash, cash equivalents, and restricted cash at beginning of period 521,264 515,633
Cash, cash equivalents, and restricted cash at end of period 552,019 368,927
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures incurred but not yet paid 0 2,413
Share-based compensation capitalized in property and equipment $ 190 $ 546