v3.26.3
Programming and Production Costs
9 Months Ended
Sep. 30, 2026
Other Industries [Abstract]  
Programming and Production Costs Programming and Production Costs
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions)2026202520262025
Video distribution programming$2,265 $2,467 $6,987 $7,637 
Film and television content:
Owned(a)
2,269 2,551 7,435 7,438 
   Licensed, including sports rights2,554 3,262 11,205 8,540 
Other427 375 1,161 1,031 
Total programming and production costs$7,515 $8,655 $26,789 $24,646 
(a) Amount includes amortization of owned content of $1.6 billion and $5.5 billion for the three and nine months ended September 30, 2026, respectively, and $2.0 billion and $6.0 billion for the three and nine months ended September 30, 2025, respectively, as well as participations and residuals expenses.
Capitalized Film and Television Costs
(in millions)September 30,
2026
December 31,
2025
Owned:
In production and in development$2,532 $2,896 
Completed, not released156 84 
Released, less amortization4,674 4,571 
7,361 7,551 
Licensed, including sports advances3,734 4,663 
Film and television costs$11,095 $12,214