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Licensed Copyrights, Net | 12 Months Ended
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Dec. 31, 2023
Licensed Copyrights [Abstract] |
Licensed Copyrights, Net |
6. | LICENSED COPYRIGHTS, NET
|  | As of December 31, 2022 |
|  | Gross carrying value |  |  | Accumulated amortization |  |  | Impairment amount |  |  | Net carrying value |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
|  | (In millions) |
Licensed copyrights |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
—Broadcasting rights |  |  | 43,217 |  |  |  | (35,369 | ) |  |  | (261 | ) |  |  | 7,587 |
—Sublicensing rights |  |  | 7,399 |  |  |  | (7,399 | ) |  |  | — |  |  |  | — |
|  |  | 50,616 |  |  |  | (42,768 | ) |  |  | (261 | ) |  |  | 7,587 |
Less: current portion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
—Broadcasting rights |  |  | 8,213 |  |  |  | (7,448 | ) |  |  | (19 | ) |  |  | 746 |
—Sublicensing rights |  |  | 7,399 |  |  |  | (7,399 | ) |  |  | — |  |  |  | — |
|  |  | 15,612 |  |  |  | (14,847 | ) |  |  | (19 | ) |  |  | 746 |
Licensed copyrights—non-current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
—Broadcasting rights |  |  | 35,004 |  |  |  | (27,921 | ) |  |  | (242 | ) |  |  | 6,841 |
—Sublicensing rights |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 35,004 |  |  |  | (27,921 | ) |  |  | (242 | ) |  |  | 6,841 |
|  | As of December 31, 2023 |
|  | Gross carrying value |  |  | Accumulated amortization |  |  | Impairment amount |  |  | Net carrying value |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  | (In millions) |
Licensed copyrights |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
—Broadcasting rights |  |  | 44,838 |  |  |  | (37,060 | ) |  |  | (229 | ) |  |  | 7,549 |  |  |  | 1,063 |
—Sublicensing rights |  |  | 7,668 |  |  |  | (7,668 | ) |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 52,506 |  |  |  | (44,728 | ) |  |  | (229 | ) |  |  | 7,549 |  |  |  | 1,063 |
Less: current portion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
—Broadcasting rights |  |  | 7,774 |  |  |  | (7,178 | ) |  |  | (14 | ) |  |  | 582 |  |  |  | 82 |
—Sublicensing ri ghts |  |  | 7,668 |  |  |  | (7,668 | ) |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 15,442 |  |  |  | (14,846 | ) |  |  | (14 | ) |  |  | 582 |  |  |  | 82 |
Licens ed copyrights—non-current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
—Broadcasting rights |  |  | 37,064 |  |  |  | (29,882 | ) |  |  | (215 | ) |  |  | 6,967 |  |  |  | 981 |
—Sublicensing rights |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 37,064 |  |  |  | (29,882 | ) |  |  | (215 | ) |  |  | 6,967 |  |  |  | 981 |
Amortization expense of RMB10.1 billion, RMB7.8 billion and RMB7.1 billion (US$998 million) was recognized as cost of revenues for the years ended December 31, 2021, 2022 and 2023, respectively. Estimated amortization expense relating to the existing licensed copyrights for each of the next three years is as follow:
|  | RMB |  |  | US$ |
|  | (In millions) |
Within 1 year |  |  | 3,087 |  |  |  | 435 |
Between 1 and 2 years |  |  | 1,572 |  |  |  | 221 |
Between 2 and 3 years |  |  | 1,052 |  |  |  | 148 |

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