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Program Rights (Tables) | 6 Months Ended
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Jun. 30, 2025
Film, Disclosures [Abstract] |
Schedule of Program Rights by Predominant Monetization Strategy | Total capitalized produced and licensed content by predominant monetization strategy is as follows:
| June 30, 2025
(In thousands) | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights, net: |  |  |  |  |
Completed | $ | 48,615 |  |  | $ | 608,671 |  |  | $ | 657,286 |
In-production and in-development | — |  |  | 258,920 |  |  | 258,920 |
Total owned original program rights, net | $ | 48,615 |  |  | $ | 867,591 |  |  | $ | 916,206 |
Licensed program rights, net: |  |  |  |  |
Licensed film and acquired series | $ | 119 |  |  | $ | 621,013 |  |  | $ | 621,132 |
Licensed originals | — |  |  | 129,191 |  |  | 129,191 |
Advances and other production costs | — |  |  | 66,890 |  |  | 66,890 |
Total licensed program rights, net | 119 |  |  | 817,094 |  |  | 817,213 |
Program rights, net | $ | 48,734 |  |  | $ | 1,684,685 |  |  | $ | 1,733,419 |
Current portion of program rights, net |  |  |  |  | $ | 4,092 |
Program rights, net (long-term) |  |  |  |  | 1,729,327 |
|  |  |  |  | $ | 1,733,419 |
| December 31, 2024
(In thousands) | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights, net: |  |  |  |  |
Completed | $ | 65,129 |  |  | $ | 647,632 |  |  | $ | 712,761 |
In-production and in-development | — |  |  | 222,660 |  |  | 222,660 |
Total owned original program rights, net | $ | 65,129 |  |  | $ | 870,292 |  |  | $ | 935,421 |
Licensed program rights, net: |  |  |  |  |
Licensed film and acquired series | $ | 261 |  |  | $ | 543,396 |  |  | $ | 543,657 |
Licensed originals | — |  |  | 147,245 |  |  | 147,245 |
Advances and other production costs | — |  |  | 90,318 |  |  | 90,318 |
Total licensed program rights, net | 261 |  |  | 780,959 |  |  | 781,220 |
Program rights, net | $ | 65,390 |  |  | $ | 1,651,251 |  |  | $ | 1,716,641 |
Current portion of program rights, net |  |  |  |  | $ | 2,689 |
Program rights, net (long-term) |  |  |  |  | 1,713,952 |
|  |  |  |  | $ | 1,716,641 |
Schedule of Amortization of Owned and Licensed Program Rights | Amortization, including write-offs, of owned and licensed program rights, included in Technical and operating expenses in the condensed consolidated statements of income (loss), is as follows:
| Three Months Ended June 30, 2025 |  | Six Months Ended June 30, 2025
(In thousands) | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total |  | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights | $ | 11,645 |  |  | $ | 91,290 |  |  | $ | 102,935 |  |  | $ | 15,538 |  |  | $ | 178,433 |  |  | $ | 193,971 |
Licensed program rights | 63 |  |  | 108,752 |  |  | 108,815 |  |  | 142 |  |  | 215,518 |  |  | 215,660 |
| $ | 11,708 |  |  | $ | 200,042 |  |  | $ | 211,750 |  |  | $ | 15,680 |  |  | $ | 393,951 |  |  | $ | 409,631 |
| Three Months Ended June 30, 2024 |  | Six Months Ended June 30, 2024
(In thousands) | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total |  | Predominantly Monetized Individually |  | Predominantly Monetized as a Group |  | Total
Owned original program rights | $ | 17,313 |  |  | $ | 78,564 |  |  | $ | 95,877 |  |  | $ | 42,165 |  |  | $ | 138,670 |  |  | $ | 180,835 |
Licensed program rights | 201 |  |  | 116,086 |  |  | 116,287 |  |  | 1,832 |  |  | 232,049 |  |  | 233,881 |
| $ | 17,514 |  |  | $ | 194,650 |  |  | $ | 212,164 |  |  | $ | 43,997 |  |  | $ | 370,719 |  |  | $ | 414,716 |

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