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Intangible Assets and Goodwill (Tables)
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Impairment Charges

The following table represents the impairment charges recorded during the 3rd quarter of 2020 related to the Company’s Facebank reporting unit (in thousands):

 

Intangible assets   $ 88,059  
Goodwill   $ 148,622  
Total impairment expense   $ 236,681  
Schedule of Intangible Assets

The table below summarizes the Company’s intangible assets at September 30, 2020 and December 31, 2019 (in thousands):

 

          Weighted
Average		     September 30, 2020  
    Useful
Lives
(Years)		     Remaining
Life
(Years)		     Intangible
Assets		     Intangible
Asset
Impairment		     Accumulated
Amortization		     Net
Balance		  
Human animation technologies     5       5     $ 123,436       (79,884 )     (37,871 )   $ 5,681  
Trademark and trade names     5       5       7,746       (3,903 )     (2,379 )     1,464  
Animation and visual effects technologies     5       5       6,016       (1,868 )     (1,848 )     2,300  
Digital asset library     5       5       7,536       (1,830 )     (2,185 )     3,522  
Intellectual Property     7       -       828       (574 )     (254 )     -  
Customer relationships     2       1.5       23,678       -       (5,920 )     17,758  
fuboTV tradename     9       8.5       38,197       -       (2,122 )     36,075  
Software and technology     9       8.5       181,737       -       (10,097 )     171,640  
Total                   $ 389,174     $ (88,059 )   $ (62,676 )   $ 238,440  

 

          Weighted
Average 		     December 31, 2019  
    Useful
Lives
(Years)		     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 asset library     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  
Schedule of Intangible Assets Amortization Expense

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

 

    Future Amortization  
2020   $ 9,731  
2021     38,922  
2022     30,043  
2023     27,084  
2024     27,010  
Thereafter     105,650  
Total   $ 238,440  
Schedule of Goodwill

The following table is a summary of the changes to goodwill for the three and nine months ended September 30, 2020 (in thousands):

 

Balance - December 31, 2019   $ 227,763  
Deconsolidation of Nexway     (51,168 )
Balance - March 31, 2020   $ 176,595  
Acquisition of fuboTV     562,908  
Less: transfer to asset held for sale     (28,541 )
Balance - June 30, 2020   $ 710,962  
Impairment expense     (148,622 )
Measurement period adjustment on the fuboTV acquisition     (68,493 )
Balance - September 30, 2020   $ 493,847