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Revenue
 12 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue

Note 3 — Revenue


The following table represents a disaggregation of revenue from contracts with customers for the years ended March 31, 2021 and 2020 (in thousands):


   Year Ended
March 31,		 
   2021   2020 
Revenue        
Subscription services  $33,577   $35,904 
Advertising   20,779    2,167 
Merchandising   5,168    - 
Sponsorship and Licensing   3,878    301 
Ticket/Event   1,828    287 
Total Revenue  $65,230   $38,659 

For some contracts, the Company may invoice up front for services recognized over time or for contracts in which the Company has unsatisfied performance obligations. Payment terms and conditions vary by contract type, although terms generally cover monthly payments. In the circumstances where the timing of invoicing differs from the timing of revenue recognition, the Company has determined its contracts do not include a significant financing component. The Company has elected to apply the practical expedient under ASC 606-10-50-14 and not provide disclosure of the amount and timing of performance obligations as the performance obligations are part of a contract that has an original expected duration of one year or less.


For the years ended March 31, 2021 and 2020, one customer accounted for 36% and 60% of our consolidated revenues, respectively.


The following table summarizes the significant changes in contract liabilities balances during the years ended March 31, 2021 and 2020 (in thousands):


   Contract Liabilities 
Balance as of April 1, 2019  $950 
Revenue recognized that was included in the contract liability at beginning of period   (950)
Increase due to cash received, excluding amounts recognized as revenue during the period   949 
Balance as of March 31, 2020   949 
Revenue recognized that was included in the contract liability at beginning of period   (949)
Increase due to cash received, excluding amounts recognized as revenue during the period   1,262 
Balance as of March 31, 2021  $1,262