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Program Rights (Tables) | 3 Months Ended
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Mar. 31, 2023
Film, Disclosures [Abstract] |
Schedule of Program Rights by Predominant Monetization Strategy | Total capitalized produced and licensed content by predominant monetization strategy is as follows:
| March 31, 2023
(In thousands) | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights, net: |  |  |  |  |
Completed | $ | 217,577 |  |  | $ | 369,878 |  |  | $ | 587,455 |
In-production and in-development | 62,655 |  |  | 362,921 |  |  | 425,576 |
Total owned original program rights, net | $ | 280,232 |  |  | $ | 732,799 |  |  | $ | 1,013,031 |
Licensed program rights, net: |  |  |  |  |
Licensed film and acquired series | $ | 2,084 |  |  | $ | 611,963 |  |  | $ | 614,047 |
Licensed originals | 5,807 |  |  | 167,274 |  |  | 173,081 |
Advances and content versioning costs | — |  |  | 79,788 |  |  | 79,788 |
Total licensed program rights, net | 7,891 |  |  | 859,025 |  |  | 866,916 |
Program rights, net | $ | 288,123 |  |  | $ | 1,591,824 |  |  | $ | 1,879,947 |
Current portion of program rights, net |  |  |  |  | $ | 10,765 |
Program rights, net (long-term) |  |  |  |  | 1,869,182 |
|  |  |  |  | $ | 1,879,947 |
| December 31, 2022
(In thousands) | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights, net: |  |  |  |  |
Completed | $ | 215,496 |  |  | $ | 322,248 |  |  | $ | 537,744 |
In-production and in-development | 45,098 |  |  | 294,086 |  |  | 339,184 |
Total owned original program rights, net | $ | 260,594 |  |  | $ | 616,334 |  |  | $ | 876,928 |
Licensed program rights, net: |  |  |  |  |
Licensed film and acquired series | $ | 3,092 |  |  | $ | 642,768 |  |  | $ | 645,860 |
Licensed originals | 5,373 |  |  | 171,418 |  |  | 176,791 |
Advances and content versioning costs | — |  |  | 74,167 |  |  | 74,167 |
Total licensed program rights, net | 8,465 |  |  | 888,353 |  |  | 896,818 |
Program rights, net | $ | 269,059 |  |  | $ | 1,504,687 |  |  | $ | 1,773,746 |
Current portion of program rights, net |  |  |  |  | $ | 10,807 |
Program rights, net (long-term) |  |  |  |  | 1,762,939 |
|  |  |  |  | $ | 1,773,746 |
Schedule of Amortization of Owned and Licensed Program Rights | Amortization of owned and licensed program rights, included in Technical and operating expenses in the condensed consolidated statements of income, is as follows:
|  |  | Three Months Ended March 31, 2023
(In thousands) |  |  |  |  |  |  | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights |  |  |  |  |  |  | $ | 21,303 |  |  | $ | 44,936 |  |  | $ | 66,239 |
Licensed program rights |  |  |  |  |  |  | 1,664 |  |  | 119,170 |  |  | 120,834 |
Program rights amortization |  |  |  |  |  |  | $ | 22,967 |  |  | $ | 164,106 |  |  | $ | 187,073 |
|  |  | Three Months Ended March 31, 2022
(In thousands) |  |  |  |  |  |  | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights |  |  |  |  |  |  | $ | 49,840 |  |  | $ | 16,935 |  |  | $ | 66,775 |
Licensed program rights |  |  |  |  |  |  | 7,608 |  |  | 118,469 |  |  | 126,077 |
Program rights amortization |  |  |  |  |  |  | $ | 57,448 |  |  | $ | 135,404 |  |  | $ | 192,852 |

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