Quarterly report pursuant to Section 13 or 15(d)

Film and Television Costs, Net

v3.23.3
Film and Television Costs, Net
 9 Months Ended
Sep. 30, 2023
Other Industries [Abstract]  
Film and Television Costs, Net Film and Television Costs, Net
The following table highlights the activity in Film and Television Costs as of September 30, 2023 and December 31, 2022 (in thousands):
Film and Television Costs, Net as of December 31, 2021 $ 2,940 
Additions to Film and Television Costs 18,364 
Disposals (11)
Film Amortization Expense & Impairment Losses (12,996)
Foreign Currency Translation Adjustment (517)
Film and Television Costs, Net as of December 31, 2022 7,780 
Additions to Film and Television Costs 854 
Disposals (75)
Film Amortization Expense & Impairment Losses (6,784)
Foreign Currency Translation Adjustment 9 
Film and Television Costs, Net as of September 30, 2023 $ 1,784 
The Company recorded film and television costs write-downs of $6.2 million during the nine months ended September 30, 2023. The write-downs were as a result of inactive projects, projects not advancing to the production stage due to a lack of interest from potential partners and an overall economic downturn affecting customers in the entertainment industry. There were no write-downs recorded during the nine months ended September 30, 2022.