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Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Note 8 – Intangible Assets and Goodwill Intangible Assets The table below summarizes the Company’s intangible assets at December 31, 2020 and 2019 (in thousands):
|  |  |  |  | Weighted |  |  | December 31, 2020 |
|  | Useful Lives (Years) |  |  | Average Remaining Life (Years) |  |  | Intangible Assets |  |  | Intangible Asset Impairment |  |  | Accumulated Amortization |  |  | Net Balance |
Human animation technologies |  |  | 5 |  |  |  | - |  |  | $ | 123,436 |  |  | $ | (85,281 | ) |  | $ | (38,155 | ) |  | $ | - |
Trademark and trade names |  |  | 5 |  |  |  | - |  |  |  | 7,746 |  |  |  | (5,294 | ) |  |  | (2,452 | ) |  |  | - |
Animation and visual effects technologies |  |  | 4 |  |  |  | - |  |  |  | 6,016 |  |  |  | (4,024 | ) |  |  | (1,992 | ) |  |  | - |
Digital asset library |  |  | 4 |  |  |  | - |  |  |  | 7,536 |  |  |  | (5,131 | ) |  |  | (2,405 | ) |  |  | - |
Intellectual Property |  |  | 7 |  |  |  | - |  |  |  | 828 |  |  |  | (574 | ) |  |  | (254 | ) |  |  | - |
Customer relationships |  |  | 2 |  |  |  | 1.5 |  |  |  | 23,678 |  |  |  | - |  |  |  | (8,880 | ) |  |  | 14,798 |
fuboTV tradename |  |  | 9 |  |  |  | 8.5 |  |  |  | 38,197 |  |  |  | - |  |  |  | (3,183 | ) |  |  | 35,014 |
Software and technology |  |  | 9 |  |  |  | 8.5 |  |  |  | 181,782 |  |  |  | - |  |  |  | (15,145 | ) |  |  | 166,637 |
Total |  |  |  |  |  |  |  |  |  | $ | 389,219 |  |  | $ | (100,304 | ) |  | $ | (72,466 | ) |  | $ | 216,449 |
|  |  |  |  | Weighted |  |  | December 31, 2019 |
|  | Useful Lives (Years) |  |  | Average Remaining Life (Years) |  |  | Intangible Assets |  |  | Intangible Asset Impairment |  |  | Accumulated Amortization |  |  | Net Balance |
Human animation technologies |  |  | 7 |  |  |  | 6 |  |  | $ | 123,436 |  |  | $ | - |  |  | $ | (24,646 | ) |  | $ | 98,790 |
Trademark and trade names |  |  | 7 |  |  |  | 6 |  |  |  | 9,432 |  |  |  | (1,686 | ) |  |  | (1,549 | ) |  |  | 6,197 |
Animation and visual effects technologies |  |  | 7 |  |  |  | 6 |  |  |  | 6,016 |  |  |  | - |  |  |  | (1,203 | ) |  |  | 4,813 |
Digital likeness development |  |  | 5-7 |  |  |  | 5.5 |  |  |  | 7,505 |  |  |  | - |  |  |  | (1,251 | ) |  |  | 6,254 |
Intellectual Property |  |  | 7 |  |  |  | 6 |  |  |  | 3,258 |  |  |  | (2,430 | ) |  |  | (236 | ) |  |  | 592 |
Customer relationships |  |  | 11 |  |  |  | 11 |  |  |  | 4,482 |  |  |  | (4,482 | ) |  |  | - |  |  |  | - |
Total |  |  |  |  |  |  |  |  |  | $ | 154,129 |  |  | $ | (8,598 | ) |  | $ | (28,885 | ) |  | $ | 116,646 |
The intangible assets are being amortized over their respective original useful lives, which range from 2 to 11 years. The Company recorded amortization expense related to the above intangible assets of approximately $43.6 million and $20.8 million for the years ended December 31, 2020 and 2019, respectively. As noted above, the Company recorded an impairment charge of $100.3 million and $8.6 million during the years ended December 31, 2020 and 2019, respectively. The estimated future amortization expense associated with intangible assets is as follows (in thousands):
|  | Future Amortization |
2021 |  | $ | 36,291 |
2022 |  |  | 27,412 |
2023 |  |  | 24,452 |
2024 |  |  | 24,437 |
Thereafter |  |  | 103,857 |
Total |  | $ | 216,449 |
Goodwill The following table is a summary of the changes to goodwill for the year ended December 31, 2020 and 2019 (in thousands):
|  | December 31, |
|  | 2020 |  |  | 2019 |
Beginning balance |  | $ | 227,763 |  |  | $ | 149,975 |
Nexway Acquisition |  |  | - |  |  |  | 51,168 |
Facebank AG Acquisition |  |  | - |  |  |  | 28,541 |
Measurement period adjustment for EAI acquisition |  |  | - |  |  |  | (1,921 | )
Deconsolidation of Nexway |  |  | (51,168 | ) |  |  | - |
Acquisition of fuboTV |  |  | 478,406 |  |  |  | - |
Less: Sale of Facebank AG |  |  | (28,541 | ) |  |  | - |
Impairment expense |  |  | (148,054 | ) |  |  | - |
Ending balance |  | $ | 478,406 |  |  | $ | 227,763 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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