XML 32 R21.htm IDEA: XBRL DOCUMENT v3.21.2
Other Long-Term Liabilities
6 Months Ended
Sep. 30, 2021
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]  
Other Long-Term Liabilities

Note 14 — Other Long-Term Liabilities

 

On October 30, 2020, Slacker entered into an amendment to existing agreements with a certain licensor of music content (the “Music Partner”) which own and license rights to Slacker to certain sound recordings. Pursuant to this amendment, payment terms on $5.9 million of outstanding balances to the Music Partner were extended over periods between 12 and 24 months.

 

   September 30,
2021
   March 31,
2021
 
Due to Music Partner  $577   $3,937 
Other long-term liabilities   
-
    2,422 

   

The amount included in Other long-term liabilities at March 31, 2021 is comprised of a contingent consideration liability resulting from the business combination with PodcastOne (Note 4 - Business Combinations) and is carried at fair value (see Note 19 - Fair Value Measurements). At September 30, 2021 the contingent consideration liability is classified as current in other current liabilities in the accompanying condensed consolidated balance sheets.