| CONTENT ASSETS |
6. CONTENT ASSETS The gross cost and accumulated amortization of content assets is as follows: | | | | | | | | | | | | | | | September 30,
2025 | | December 31,
2024 | | | | | | | | | | (In thousands) | | | | Licensed Content, net | | | | | | | Acquired | $ | 23,018 | | $ | 25,389 | | | | Produced Content, net | | | | | | | Completed | 91,672 | | 86,367 | | | | In production | 5,144 | | 11,798 | | | | In development and pre-production | — | | 175 | | | | Content assets, net | 119,834 | | 123,729 | | | | Less: current portion | (38,408) | | | (36,861) | | | | | Noncurrent portion | $ | 81,426 | | $ | 86,868 | | |
Amortization of content assets is recorded in the unaudited condensed consolidated statements of operations as programming and technical expenses. Content amortization for the three and nine months ended September 30, 2025 and 2024 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (In thousands) | | (In thousands) | | Content amortization - acquired | $ | 3,869 | | | $ | 3,752 | | | $ | 10,760 | | | $ | 10,450 | | | Content amortization - produced | 7,636 | | | 8,574 | | | 20,227 | | | 24,419 | | | Total content amortization | $ | 11,505 | | | $ | 12,326 | | | $ | 30,987 | | | $ | 34,869 | |
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