XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.21.1

Intangible Assets and Goodwill | 3 Months Ended
--- | ---
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Note 7 - Intangible Assets and Goodwill Intangible Assets The table below summarizes the Company’s intangible assets at March 31, 2021 and December 31, 2020 (in thousands):
|  |  |  |  |  |  |  | March 31, 2021 |
|  | Useful Lives (Years) |  |  | Weighted Average Remaining Life (Years) |  |  | Intangible Assets |  |  | Accumulated Amortization |  |  | Net Balance |
Customer relationships |  |  | 2 |  |  |  | 1.0 |  |  | $ | 23,678 |  |  |  | (11,839 | ) |  | $ | 11,839 |
fuboTV tradename |  |  | 9 |  |  |  | 8.0 |  |  |  | 38,197 |  |  |  | (4,244 | ) |  |  | 33,953 |
Software and technology |  |  | 9 |  |  |  | 8.0 |  |  |  | 181,782 |  |  |  | (20,198 | ) |  |  | 161,584 |
Total |  |  |  |  |  |  |  |  |  | $ | 243,657 |  |  | $ | (36,281 | ) |  | $ | 207,376 |
|  |  |  |  |  |  |  | December 31, 2020 |
|  | Useful Lives (Years) |  |  | Weighted Average Remaining Life (Years) |  |  | Intangible Assets |  |  | Accumulated Amortization |  |  | Net Balance |
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 |  |  |  |  |  |  |  |  |  | $ | 243,657 |  |  | $ | (27,208 | ) |  | $ | 216,449 |
The intangible assets are being amortized over their respective original useful lives, which range from two to nine years. The Company recorded amortization expense related to the above intangible assets of approximately $9.1 million and $5.2 million for the three months ended March 31, 2021 and 2020, respectively. The estimated future amortization expense associated with intangible assets is as follows (in thousands):
|  | Future Amortization |
2021 |  | $ | 27,218 |
2022 |  |  | 27,412 |
2023 |  |  | 24,452 |
2024 |  |  | 24,437 |
2025 |  |  | 24,437 |
Thereafter |  |  | 79,420 |
Total |  | $ | 207,376 |
Goodwill The following table is a summary of the changes to goodwill for the three months ended March 31, 2021 (in thousands):
Balance - December 31, 2020 |  | $ | 478,406 |
Vigtory acquisition |  |  | 10,683 |
Balance - March 31, 2021 |  | $ | 489,089 |
As of December 31, 2020, goodwill includes an accumulated impairment charge of $148.1 million for the Facebank reporting unit which represented all of the goodwill of that reporting unit.

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

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration