Annual report pursuant to Section 13 and 15(d)

Segment Reporting

v3.24.1.u1
Segment Reporting
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s CODM uses revenue and net earnings to evaluate the profitability and performance of each operating segment. All other financial information is reviewed by the CODM on a consolidated basis. The CODM does not evaluate the operating segments using asset information and it is therefore not disclosed. All expenses directly attributable to each reportable segment are included in the operating results for each segment. However, the CODM does not evaluate the expenses by operating segment and, therefore, it is not separately presented.
The following table presents the revenue and net earnings within the Company's two operating segments (in thousands):
Year Ended December 31,
2023 2022
Total Revenues:
Content Production & Distribution $ 39,146  $ 57,211 
Media Advisory & Advertising Services 4,939  5,088 
Total Revenues $ 44,085  $ 62,299 
Net Loss:
Content Production & Distribution $ (76,004) $ (36,862)
Media Advisory & Advertising Services (1,099) (8,733)
Total Net Loss $ (77,103) $ (45,595)
Geographic Information
The following table provides information about disaggregated revenue by geographic area (in thousands):
Year Ended December 31,
2023 2022
Total Revenues:
United States $ 26,833  $ 45,773 
Canada 7,957  13,113 
United Kingdom 8,650  3,057 
Other 645  356 
Total Revenues $ 44,085  $ 62,299