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Investments in Productions and Investments in Acquired Content Rights

6 Months Ended

Jun. 27, 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 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 June 27, 2021, June 28, 2020, and December 27, 2020:

						June 27, 2021						June 28, 2020						December 27, 2020
Film and TV Programming
Released, net of amortization						$	499.4					$	346.8					$	428.0
Completed and not released						17.7						128.1						17.3
In production						220.5						41.4						185.5
Pre-production						73.8						70.4						67.6
						811.4						586.7						698.4
Other Programming
Released, net of amortization						3.4						12.7						13.7
Completed and not released						0.4						2.9						2.1
In production						6.3						7.0						5.4
Pre-production						1.7						5.5						7.6
						11.8						28.1						28.8
Total Program Investments (1)						$	823.2					$	614.8					$	727.2

(1) For the six-month period ended June 27, 2021, $8.0 million of investments in productions and investments in acquired content rights of the eOne Music business, which were previously classified within Other Assets, have been transferred to Assets Held for Sale. For additional information, see Note 15.

The Company recorded $208.2 million of program cost amortization related to released programming in the six months ended June 27, 2021, consisting of the following:

						Investment in Production						Investment in Content						Total
Program cost amortization						$	180.7					27.5						$	208.2

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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

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