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Intangible Assets (Tables) (FaceBank Group, Inc. Pre-Merger)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
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  
 
FaceBank Group, Inc Pre-Merger [Member]      
Schedule of Intangible Assets

The table below summarizes the Company’s intangible assets at March 31, 2020 (in thousands):

 

    Useful     Weighted Average     March 31, 2020  
    Lives (Years)     Remaining Life (Years)     Intangible Assets     Accumulated Amortization     Net Balance  
Human animation technologies     7       6     $ 123,436       (29,054 )   $ 94,382  
Trademark and trade names     7       6       7,746       (1,826 )     5,920  
Animation and visual effects technologies     7       6       6,016       (1,418 )     4,598  
Digital asset library     5-7       5.5       7,536       (1,610 )     5,926  
Intellectual Property     7       6       828       (195 )     633  
Total                   $ 145,562     $ (34,103 )   $ 111,459  

 

The table below summarizes the Company’s intangible assets at December 31, 2019 and 2018 (in thousands):

 

                December 31, 2019  
    Useful Lives (Years)     Weighted 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 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  

 

                December 31, 2018  
    Useful Lives (Years)     Weighted
Average Remaining
Life (Years)
    Intangible Assets     Accumulated Amortization     Net
Balance
 
Human animation technologies     7       6.6     $ 123,436     $ (7,012 )   $ 116,424  
Trademark and trade names     7       6.6       7,746       (443 )     7,303  
Animation and visual effects technologies     7       6.6       6,016       (344 )     5,672  
Digital likeness development     7       6.6       6,255       (357 )     5,898  
Intellectual Property     7       6.6       828       (47 )     781  
Total                   $ 144,281     $ (8,203 )   $ 136,078  

 

Schedule of Intangible Assets Amortization Expense

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

 

    Future Amortization  
2020   $ 15,652  
2021     20,868  
2022     20,868  
2023     20,868  
2024     20,795  
Thereafter     12,408  
Total   $ 111,459  

 

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

 

    Future
Amortization
 
2020   $ 20,862  
2021     20,862  
2022     20,862  
2023     20,862  
2024     20,790  
Thereafter     12,408  
Total   $ 116,646