| LICENSED COPYRIGHTS, NET |
7.LICENSED COPYRIGHTS, NET
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As of December 31, 2024 |
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Gross carrying
value |
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Accumulated
amortization |
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Impairment
amount |
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|
Net carrying value |
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|
RMB |
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RMB |
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RMB |
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RMB |
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(In thousands) |
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Licensed copyrights |
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—Broadcasting rights |
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46,578,345 |
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(39,058,192 |
) |
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(201,382 |
) |
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7,318,771 |
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—Sublicensing rights |
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8,338,409 |
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(8,338,409 |
) |
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— |
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— |
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54,916,754 |
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(47,396,601 |
) |
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(201,382 |
) |
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7,318,771 |
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Less: current portion |
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—Broadcasting rights |
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7,600,279 |
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(7,202,541 |
) |
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(9,020 |
) |
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388,718 |
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—Sublicensing rights |
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8,338,409 |
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(8,338,409 |
) |
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— |
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— |
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15,938,688 |
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(15,540,950 |
) |
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(9,020 |
) |
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388,718 |
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Licensed copyrights—non-current |
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—Broadcasting rights |
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38,978,066 |
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(31,855,651 |
) |
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(192,362 |
) |
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6,930,053 |
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—Sublicensing rights |
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— |
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— |
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— |
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— |
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38,978,066 |
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(31,855,651 |
) |
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(192,362 |
) |
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6,930,053 |
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As of December 31, 2025 |
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Gross carrying
value |
|
|
Accumulated
amortization |
|
|
Impairment
amount |
|
|
Net carrying value |
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|
RMB |
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RMB |
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RMB |
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RMB |
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US$ |
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(In thousands) |
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Licensed copyrights |
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—Broadcasting rights |
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46,814,452 |
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(40,221,819 |
) |
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(182,172 |
) |
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6,410,461 |
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916,684 |
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—Sublicensing rights |
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8,272,739 |
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(8,272,739 |
) |
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— |
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— |
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— |
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55,087,191 |
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(48,494,558 |
) |
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(182,172 |
) |
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6,410,461 |
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916,684 |
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Less: current portion |
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—Broadcasting rights |
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7,787,625 |
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(7,330,951 |
) |
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(9,167 |
) |
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447,507 |
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63,993 |
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—Sublicensing rights |
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8,272,739 |
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(8,272,739 |
) |
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— |
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— |
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— |
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16,060,364 |
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(15,603,690 |
) |
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(9,167 |
) |
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447,507 |
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63,993 |
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Licensed copyrights—non-current |
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—Broadcasting rights |
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39,026,827 |
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(32,890,868 |
) |
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(173,005 |
) |
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5,962,954 |
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852,691 |
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—Sublicensing rights |
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— |
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— |
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— |
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— |
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— |
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39,026,827 |
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(32,890,868 |
) |
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(173,005 |
) |
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5,962,954 |
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852,691 |
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Amortization expense of RMB7,087.8 million, RMB7,488.6 million and RMB6,137.6 million (US$877.7 million) was recognized as cost of revenues for the years ended December 31, 2023, 2024 and 2025, respectively. Estimated amortization expense relating to the existing licensed copyrights for each of the next three years is as follows:
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RMB |
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US$ |
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(In thousands) |
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Within 1 year |
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2,584,169 |
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369,531 |
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Between 1 and 2 years |
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1,388,684 |
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198,579 |
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Between 2 and 3 years |
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919,086 |
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131,428 |
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