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Investments in Productions and Investments in Acquired Content Rights | 3 Months Ended
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Mar. 27, 2022
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 March 27, 2022, March 28, 2021, and December 26, 2021:
|  | March 27, 2022 |  | March 28, 2021 |  | December 26, 2021 |  |  |
Investment in Films and Television Programs: |  |  |  |  |  |  |  |  |
Individual Monetization |  |  |  |  |  |  |  |  |
Released, net of amortization |  | $ | 489.1 |  |  | $ | 481.9 |  |  | $ | 481.7 |  |  |  |
Completed and not released |  | 12.7 |  |  | 35.0 |  |  | 18.5 |  |  |  |
In production |  | 157.8 |  |  | 147.4 |  |  | 151.6 |  |  |  |
Pre-production |  | 87.7 |  |  | 72.8 |  |  | 84.0 |  |  |  |
|  | 747.3 |  |  | 737.1 |  |  | 735.8 |  |  |  |
Film/TV Group Monetization (1) |  |  |  |  |  |  |  |  |
Released, net of amortization |  | 31.5 |  |  | — |  |  | 32.2 |  |  |  |
In production |  | 15.8 |  |  | — |  |  | 13.0 |  |  |  |
|  | 47.3 |  |  | — |  |  | 45.2 |  |  |  |
Investment in Other Programming |  |  |  |  |  |  |  |  |
Released, net of amortization |  | 5.2 |  |  | 14.8 |  |  | 5.3 |  |  |  |
Completed and not released |  | 0.4 |  |  | 2.8 |  |  | 0.4 |  |  |  |
In production |  | 14.4 |  |  | 4.2 |  |  | 12.6 |  |  |  |
Pre-production |  | 1.8 |  |  | 8.7 |  |  | 1.7 |  |  |  |
|  | 21.8 |  |  | 30.5 |  |  | 20.0 |  |  |  |
Total Program Investments |  | $ | 816.4 |  |  | $ | 767.6 |  |  | $ | 801.0 |  |  |  |
(1) Due to a monetization strategy change, as of December 26, 2021 the Company began monetizing certain content assets as a Film/TV group. The Company recorded $138.5 million of program cost amortization related to released programming in the quarter ended March 27, 2022, consisting of the following:
|  | Investment in Production |  | Investment in Content |  | Other |  | Total
Program cost amortization |  | $ | 122.8 |  |  | $ | 15.6 |  |  | $ | 0.1 |  |  | $ | 138.5 |

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