Quarterly report pursuant to Section 13 or 15(d)

Film and Television Costs, net

v3.24.3
Film and Television Costs, net
 9 Months Ended
Sep. 30, 2024
Other Industries [Abstract]  
Film and Television Costs, net

Note 8: Film and Television Costs, net

 

The following table highlights the activity in Film and Television Costs as of September 30, 2024 and December 31, 2023 (in thousands):

 

       
Film and Television Costs, net as of December 31, 2023   $ 1,295  
Additions to Film and Television Costs     818  
Disposals     (73 )
Film Amortization Expense     (176 )
Foreign Currency Translation Adjustment     (6 )
Film and Television Costs, net as of September 30, 2024   $ 1,858  

 

During the three months ended September 30, 2024 and September 30, 2023, the Company recorded film amortization expense of $61,672 and $0.1 million, respectively. During the nine months ended September 30, 2024 and September 30, 2023, the Company recorded amortization expense of $0.2 million and $0.5 million, respectively.

 

For the three and nine months ended September 30, 2023, the Company recorded film and television impairment write-downs of $6.2 million. The Company did not incur any film and television impairment write-downs during the three and nine months ended September 30, 2024.