Note 9: Film and Television Costs, Net

During the six months ended June 30, 2022, Film and Television Costs increased by $14.0 million, net of amortization expense, as compared to December 31, 2021. Excluding the $9.5 million acquired from the Wow Acquisition, Film and Television Costs increased $4.5 million during the six months ended June 30, 2022, primarily due to the production of Shaq’s Garage. The increase is partially offset by amortization of Rainbow Rangers and Superhero Kindergarten.

During the three months ended June 30, 2022 and 2021, the Company recorded Film and Television Cost amortization expense of $2.2 million, $1.9 million of which amortized by Wow, and $0.2 million, respectively. During the six months ended June 30, 2022 and 2021, the Company recorded Film and Television Cost amortization expense of $2.4 million, $1.9 million of which amortized by Wow, and $0.7 million, respectively.

The following table highlights the activity in Film and Television Costs as of June 30, 2022 and December 31, 2021 (in thousands):