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CONTENT RIGHTS
 3 Months Ended
Mar. 31, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
CONTENT RIGHTS CONTENT RIGHTS
For purposes of amortization and impairment, capitalized production costs are grouped based on their predominant monetization strategy: individually or as a group. Live programming includes licensed sports rights and related advances. The tables below present the components of content rights (in millions).
March 31, 2025
Predominantly Monetized Individually
Predominantly Monetized as a Group
Total
Production costs:
Released, less amortization$2,918 $5,696 $8,614 
Completed and not released613 765 1,378 
In production and other1,913 1,981 3,894 
Total production costs$5,444 $8,442 $13,886 
Licensed content, live programming, and advances, net5,774 
Game development costs, less amortization253 
Total film and television content rights and games19,913 
Less: Current content rights and prepaid license fees, net(1,092)
Total noncurrent film and television content rights and games$18,821 
December 31, 2024
Predominantly Monetized Individually
Predominantly Monetized as a Group
Total
Production costs:
Released, less amortization$2,948 $5,678 $8,626 
Completed and not released794 767 1,561 
In production and other1,700 2,008 3,708 
Total production costs$5,442 $8,453 $13,895 
Licensed content, live programming, and advances, net5,744 
Game development costs, less amortization247 
Total film and television content rights and games19,886 
Less: Current content rights and prepaid license fees, net(784)
Total noncurrent film and television content rights and games$19,102 
Content amortization consisted of the following (in millions).
Three Months Ended March 31,
20252024
Predominantly monetized individually$580 $922 
Predominantly monetized as a group2,530 2,779 
Total content amortization$3,110 $3,701 
Content expense includes amortization, impairments, and development expense and is generally a component of costs of revenues on the consolidated statements of operations. Content impairments were $35 million and $126 million, for the three months ended March 31, 2025 and 2024, respectively.