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Investments in Productions and Investments in Acquired Content Rights

3 Months Ended

Mar. 28, 2021

Other Industries [Abstract]

Investment in Productions and Investments in Acquired Content Rights

Investments in Productions and Investments in Acquired Content RightsInvestments in productions and investments in acquired content rights are predominantly monetized on a title-by-title basis and are recorded within other assets in the Company's 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 is expensed as part of program cost amortization during the period the loss becomes evident.

The Company's unamortized investments in productions and investments in acquired content rights consisted of the following at March 28, 2021, March 29, 2020, and December 27, 2020:

						March 28, 2021						March 29, 2020						December 27, 2020
Film and TV Programming
Released, net of amortization						$	481.9					$	402.5					$	428.0
Completed and not released						35.0						138.0						17.3
In production						147.4						89.9						185.5
Pre-production						72.8						80.1						67.6
						737.1						710.5						698.4
Other Programming
Released, net of amortization						14.8						10.1						13.7
Completed and not released						2.8						—						2.1
In production						4.2						2.2						5.4
Pre-production						8.7						—						7.6
						30.5						12.3						28.8
Total Program Investments						$	767.6					$	722.8					$	727.2

The Company recorded $97.5 million of program cost amortization related to released programming in the three months ended March 28, 2021, consisting of the following:

						Investment in Production						Investment in Content						Total
Program cost amortization						$	84.5					13.0						$	97.5

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- Definition

The entire disclosure for entities in the entertainment industry.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 922
-URI http://asc.fasb.org/topic&trid=2127477

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 928
-URI http://asc.fasb.org/topic&trid=2123672

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 920
-URI http://asc.fasb.org/topic&trid=2123033

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 920
-SubTopic 440
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6472701&loc=d3e49107-107924

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-URI http://asc.fasb.org/topic&trid=2123363

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- References

No definition available.

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