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eOne Investments in Productions and Investments in Acquired Content Rights | 6 Months Ended
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Jun. 28, 2020
Other Industries [Abstract] |
eOne Investment in Productions and Investments in Acquired Content Rights | eOne Investments in Productions and Investments in Acquired Content Rights In connection with the Company's acquisition of eOne, the Company acquired eOne's library of television and film and music content rights, which amounted to $614,871 as of June 28, 2020 and was recorded in other assets within the Company's consolidated balance sheets. Investments in productions and investments in acquired content rights are predominantly monetized on a title-by-title basis and are recorded in the consolidated balance sheets to the extent they are considered recoverable against future revenues. These amounts are being amortized to program cost amortization using a model that reflects the consumption of the asset as it is released through various channels including broadcast licenses, theatrical release and home entertainment. Amounts capitalized are to be reviewed periodically on an individual film basis and any portion of the unamortized amount that appears not to be recoverable from future net revenues will be expensed as part of program cost amortization during the period the loss becomes evident. Costs associated with the Company's investments in eOne productions and investments in acquired content rights consisted of the following at June 28, 2020:
|  | June 28, 2020 |  |  |
Film and TV Programming |  |  |  |  |
Released, less amortization |  | $ | 346,800 |  |  |  |
Completed and not released |  | 128,140 |  |  |  |
In production |  | 41,363 |  |  |  |
Pre-production |  | 70,411 |  |  |  |
|  | 586,714 |  |  |  |
Other Programming |  |  |  |  |
Released, less amortization |  | 12,684 |  |  |  |
Completed and not released |  | 2,942 |  |  |  |
In production |  | 7,044 |  |  |  |
Pre-production |  | 5,487 |  |  |  |
|  | 28,157 |  |  |  |
Total program costs |  | $ | 614,871 |  |  |  |
The Company recorded $167,248 of program cost amortization related to the above programming in the six months ended June 28, 2020, consisting of the following:
|  | Investment in Production |  | Investment in Content |  | Total
Program cost amortization |  | $ | 118,184 |  |  | 49,064 |  |  | 167,248 |

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