Company: WBD
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437107-25-000192
Chunk: 44

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
 the revolving receivables program.

14

WARNER BROS. DISCOVERY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

NOTE 6. CONTENT RIGHTS

For purposes of amortization and impairment, capitalized production costs are grouped based on their predominant monetization strategy: individually or as a group. Live programming includes licensed sports rights and related advances. The tables below present the components of content rights (in millions).June 30, 2025Predominantly Monetized IndividuallyPredominantly Monetized as a GroupTotalProduction costs:Released, less amortization$3,227 $5,784 $9,011 Completed and not released763 640 1,403 In production and other1,635 2,198 3,833 Total production costs$5,625 $8,622 $14,247 Licensed content, live programming, and advances, net4,729 Game development costs, less amortization286 Total film and television content rights and games19,262 Less: Current content rights and prepaid license fees, net(445)Total noncurrent film and television content rights and games$18,817 December 31, 2024Predominantly Monetized IndividuallyPredominantly Monetized as a GroupTotalProduction costs:Released, less amortization$2,948 $5,678 $8,626 Completed and not released794 767 1,561 In production and other1,700 2,008 3,708 Total production costs$5,442 $8,453 $13,895 Licensed content, live programming, and advances, net5,744 Game development costs, less amortization247 Total film and television content rights and games19,886 Less: Current content rights and prepaid license fees, net(784)Total noncurrent film and television content rights and games$19,102 Content amortization consisted of the following (in millions).Three Months Ended June 30,Six Months Ended June 30,2025202420252024Predominantly monetized individually$645 $754 $1,225 $1,676 Predominantly monetized as a group3,033 3,114 5,563 5,893 Total content amortization$3,678 $3,868 $6,788 $7,569 

Content expense