| Programming and Production Costs |
Programming and Production Costs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | | (in millions) | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | 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 rights | 2,554 | | | 3,262 | | | 11,205 | | | 8,540 | | | | | | | | Other | 427 | | | 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 released | 156 | | | 84 | | | Released, less amortization | 4,674 | | | 4,571 | | | 7,361 | | | 7,551 | | | Licensed, including sports advances | 3,734 | | | 4,663 | | | | | | | | | | | Film and television costs | $ | 11,095 | | | $ | 12,214 | |
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