| Content Assets |
CONTENT ASSETS Content assets, net consisted of the following (in thousands): | | | | | | | | | | | | | | As of | | | March 31, 2024 | | December 31, 2023 | | Licensed content, net and advances | $ | 145,923 | | | $ | 148,777 | | | Produced content: | | | | | Released, less amortization | 59,452 | | | 77,951 | | Completed, not released | 25,359 | | | 11,235 | | In production | 34,804 | | | 38,275 | | Total produced content, net | 119,615 | | | 127,461 | | Total Content assets, net and advances | $ | 265,538 | | | $ | 276,238 | | | | | | | Current portion (included in Prepaid expenses and other current assets) | $ | 16,012 | | | $ | 18,843 | | | Non-current portion | $ | 249,526 | | | $ | 257,395 | |
Amortization of content assets is included in Cost of revenue, platform in the condensed consolidated statements of operations and is as follows (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | March 31, 2024 | | March 31, 2023 | | | | | | Licensed content | $ | 37,001 | | | $ | 42,588 | | | | | | | Produced content | 10,890 | | | 6,814 | | | | | | | Total amortization costs | $ | 47,891 | | | $ | 49,402 | | | | | |
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