XML 52 R24.htm IDEA: XBRL DOCUMENT v3.21.2
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The table below summarizes the Company’s intangible assets at June 30, 2021 and December 31, 2020 (in thousands):

 

           June 30, 2021 
   Useful Lives
(Years)		   Weighted Average Remaining Life (Years)   Intangible Assets   Accumulated Amortization   Net Balance 
Customer relationships   2    0.7   $23,678   $(14,799)  $8,879 
fuboTV tradename   9    7.7    38,197    (5,305)   32,892 
Software and technology   9    7.7    181,782    (25,250)   156,532 
Market access license   10    10.0    1,300    -    1,300 
Total            $244,957   $(45,354)  $199,603 

 

           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 
Schedule of Intangible Assets Amortization Expense

The estimated future amortization expense associated with intangible assets is as follows (in thousands):

 

   Future Amortization 
2021  $18,216 
2022   27,578 
2023   24,577 
2024   24,562 
2025   24,562 
Thereafter   80,108 
Total  $199,603 
Schedule of Goodwill

The following table is a summary of the changes to goodwill for the six months ended June 30, 2021 (in thousands):

 

      
Balance - December 31, 2020  $478,406 
Vigtory acquisition   10,683 
Balance - June 30, 2021  $489,089