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Program Rights (Tables) | 9 Months Ended
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Sep. 30, 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:
| September 30, 2023
(In thousands) | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights, net: |  |  |  |  |
Completed | $ | 198,647 |  |  | $ | 537,260 |  |  | $ | 735,907 |
In-production and in-development | — |  |  | 284,783 |  |  | 284,783 |
Total owned original program rights, net | $ | 198,647 |  |  | $ | 822,043 |  |  | $ | 1,020,690 |
Licensed program rights, net: |  |  |  |  |
Licensed film and acquired series | $ | 1,276 |  |  | $ | 570,027 |  |  | $ | 571,303 |
Licensed originals | 2,084 |  |  | 134,300 |  |  | 136,384 |
Advances and content versioning costs | — |  |  | 91,150 |  |  | 91,150 |
Total licensed program rights, net | 3,360 |  |  | 795,477 |  |  | 798,837 |
Program rights, net | $ | 202,007 |  |  | $ | 1,617,520 |  |  | $ | 1,819,527 |
Current portion of program rights, net |  |  |  |  | $ | 11,978 |
Program rights, net (long-term) |  |  |  |  | 1,807,549 |
|  |  |  |  | $ | 1,819,527 |
| 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 September 30, 2023 |  | Nine Months Ended September 30, 2023
(In thousands) | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total |  | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights | $ | 21,116 |  |  | $ | 63,800 |  |  | $ | 84,916 |  |  | $ | 101,947 |  |  | $ | 165,547 |  |  | $ | 267,494 |
Licensed program rights | 485 |  |  | 110,898 |  |  | 111,383 |  |  | 2,620 |  |  | 356,571 |  |  | 359,191 |
Program rights amortization | $ | 21,601 |  |  | $ | 174,698 |  |  | $ | 196,299 |  |  | $ | 104,567 |  |  | $ | 522,118 |  |  | $ | 626,685 |
| Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
(In thousands) | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total |  | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights | $ | 33,728 |  |  | $ | 35,534 |  |  | $ | 69,262 |  |  | $ | 128,072 |  |  | $ | 82,850 |  |  | $ | 210,922 |
Licensed program rights | 12,597 |  |  | 131,350 |  |  | 143,947 |  |  | 29,838 |  |  | 369,339 |  |  | 399,177 |
Program rights amortization | $ | 46,325 |  |  | $ | 166,884 |  |  | $ | 213,209 |  |  | $ | 157,910 |  |  | $ | 452,189 |  |  | $ | 610,099 |

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