XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.22.2

Investments in Productions and Investments in Acquired Content Rights | 6 Months Ended
--- | ---
Jun. 26, 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 June 26, 2022, June 27, 2021, and December 26, 2021:
|  | June 26, 2022 |  | June 27, 2021 |  | December 26, 2021 |  |  |
Investment in Films and Television Programs: |  |  |  |  |  |  |  |  |
Individual Monetization |  |  |  |  |  |  |  |  |
Released, net of amortization |  | 437.6 |  |  | $ | 499.4 |  |  | $ | 481.7 |  |  |  |
Completed and not released |  | 6.3 |  |  | 17.7 |  |  | 18.5 |  |  |  |
In production |  | 140.6 |  |  | 220.5 |  |  | 151.6 |  |  |  |
Pre-production |  | 160.5 |  |  | 73.8 |  |  | 84.0 |  |  |  |
|  | 745.0 |  |  | 811.4 |  |  | 735.8 |  |  |  |
Film/TV Group Monetization (1) |  |  |  |  |  |  |  |  |
Released, net of amortization |  | 35.6 |  |  | — |  |  | 32.2 |  |  |  |
In production |  | 21.1 |  |  | — |  |  | 13.0 |  |  |  |
|  | 56.7 |  |  | — |  |  | 45.2 |  |  |  |
Investment in Other Programming |  |  |  |  |  |  |  |  |
Released, net of amortization |  | 8.9 |  |  | 3.4 |  |  | 5.3 |  |  |  |
Completed and not released |  | 0.4 |  |  | 0.4 |  |  | 0.4 |  |  |  |
In production |  | 11.8 |  |  | 6.3 |  |  | 12.6 |  |  |  |
Pre-production |  | 1.9 |  |  | 1.7 |  |  | 1.7 |  |  |  |
|  | 23.0 |  |  | 11.8 |  |  | 20.0 |  |  |  |
Total Program Investments |  | $ | 824.7 |  |  | $ | 823.2 |  |  | $ | 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 $219.2 million of program cost amortization related to released programming in the six months ended June 26, 2022, consisting of the following:
|  | Investment in Production |  | Investment in Content |  | Other |  | Total
Program cost amortization |  | $ | 191.8 |  |  | $ | 27.4 |  |  | $ | — |  |  | $ | 219.2 |

X
- 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 https://asc.fasb.org/topic&trid=2127477 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 928 -URI https://asc.fasb.org/topic&trid=2123672 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 920 -URI https://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 https://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 https://asc.fasb.org/topic&trid=2123363 + Details
Name: | us-gaap_EntertainmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OtherIndustriesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration