XML 55 R36.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Acquisition of 300 Entertainment (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The table below presents (i) the preliminary estimate of the acquisition consideration as it relates to the acquisition of 300 Entertainment and (ii) the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date of December 16, 2021 (in millions):
| Preliminary Purchase Price Allocation
Cash and equivalents | $ | 2 |
Accounts receivable | 3 |
Royalty advances | 14 |
Property, plant and equipment, net | 1 |
Operating lease right-of-use assets, net | 3 |
Goodwill | 135 |
Intangible assets subject to amortization, net (a) | 260 |
Other assets | 1 |
Accounts payable | (5) |
Accrued royalties | (16) |
Accrued liabilities | (1) |
Operating lease liabilities, noncurrent | (3) |
Total purchase price allocated | $ | 394 |
______________________________________ (a)Identifiable intangible assets are composed of the following (in millions):
| Total
Recorded music catalog | $ | 154 |
Artist and songwriter contracts | 91 |
Trademarks | 12 |
Music publishing copyrights | 3 |
Total intangible assets acquired | $ | 260 |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration