Licensed Copyrights, Net

6 Months Ended

Jun. 30, 2020

5. LICENSED COPYRIGHTS, NET


	As of December 31, 2019
	Gross carrying value		Accumulated amortization			Impairment amount			Net carrying value
	RMB		RMB			RMB			RMB
	(In millions)
Licensed copyrights
—Broadcasting rights		32,038		(24,501	)		(25	)		7,512
—Sublicensing rights		4,633		(4,633	)		—			—
		36,671		(29,134	)		(25	)		7,512
Less: current portion:
—Broadcasting rights		11,752		(10,502	)		(25	)		1,225
—Sublicensing rights		4,633		(4,633	)		—			—
		16,385		(15,135	)		(25	)		1,225
Licensed copyrights—non current
—Broadcasting rights		20,286		(13,999	)		—			6,287
—Sublicensing rights		—		—			—			—
		20,286		(13,999	)		—			6,287


	As of June 30, 2020
	Gross carrying value		Accumulated amortization			Impairment amount			Net carrying value
	RMB		RMB			RMB			RMB		US$
	(In millions)
	(unaudited)
Licensed copyrights
—Broadcasting rights		35,013		(27,891	)		(377	)		6,745		955
—Sublicensing rights		5,597		(5,415	)		—			182		26
		40,610		(33,306	)		(377	)		6,927		981
Less: current portion:
—Broadcasting rights		11,394		(10,343	)		(49	)		1,002		142
—Sublicensing rights		5,597		(5,415	)		—			182		26
		16,991		(15,758	)		(49	)		1,184		168
Licensed copyrights—non current
—Broadcasting rights		23,619		(17,548	)		(328	)		5,743		813
—Sublicensing rights		—		—			—			—		—
		23,619		(17,548	)		(328	)		5,743		813

Amortization expense of RMB5,569 million and RMB6,380 million (US$903 million) for the six months ended June 30, 2019 and 2020, respectively, was recognized as cost o

revenues. Estimated amortization expense relating to the existing licensed copyrights for each of the next three years is as follows:


	RMB		US$
	(In millions)
	(unaudited)
Six months ended December 31, 2020		2,375		336
Between 1 and 2 years		1,924		272
Between 2 and 3 years		924		131
Between 3 and 4 years		555		79