| Schedule of Content Assets |
The gross cost and accumulated amortization of content assets are as follows: | | | | | | | | | | | | | | | As of June 30, 2026 | | As of December 31, 2025 | | | | | | | | | | (In thousands) | | | | Licensed Content, net | | | | | | | Acquired | $ | 12,905 | | $ | 19,307 | | | | Produced Content, net | | | | | | | Completed | 79,134 | | 85,595 | | | | In production | 11,170 | | 7,089 | | | | In development and pre-production | — | | 30 | | | | Content assets, net | 103,209 | | 112,021 | | | | Less: current portion | (36,415) | | | (39,469) | | | | | Noncurrent portion | $ | 66,794 | | $ | 72,552 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (In thousands) | | (In thousands) | | Content amortization - acquired | $ | 3,617 | | | $ | 2,912 | | | $ | 7,207 | | | $ | 6,891 | | | Content amortization - produced | 6,441 | | | 6,689 | | | 12,719 | | | 12,592 | | | Total content amortization | $ | 10,058 | | | $ | 9,601 | | | $ | 19,926 | | | $ | 19,483 | | | | | | | | | |
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