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Revenue
 9 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue

Note 3 — Revenue

 

The following table represents a disaggregation of revenue from contracts with customers for the three and nine months ended December 31, 2020 and 2019 (in thousands):

 

   Three Months Ended
December 31,		   Nine Months Ended
December 31,		 
   2020   2019   2020   2019 
Revenue                
Subscription services  $8,346   $9,115   $24,948   $26,665 
Advertising   7,710    540    13,453    1,814 
Sponsorship and licensing   2,087    44    3,466    301 
Merchandise   796    -    796    - 
Ticket/Event   184    -    1,526    - 
Total Revenue  $19,123   $9,699   $44,189   $28,780 

 

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 optional exemption 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.

 

The following table summarizes the significant changes in contract liabilities balances during the nine months ended December 31, 2020 (in thousands):

 

   Contract
Liabilities		 
Balance as of March 31, 2020  $949 
Revenue recognized that was included in the contract liability at beginning of period   (618)
Increase due to cash received, excluding amounts recognized as revenue during the period   1,081 
Balance as of December 31, 2020  $1,412