Quarterly report pursuant to Section 13 or 15(d)

Cable and Satellite Television Distribution Rights, Net

v3.5.0.2
Cable and Satellite Television Distribution Rights, Net
6 Months Ended
Jun. 30, 2016
Cable and Satellite Television Distribution Rights [Abstract]  
Cable and Satellite Television Distribution Rights, Net
Cable and Satellite Television Distribution Rights, Net
Cable and satellite television distribution rights consisted of the following:
(in millions)
June 30, 2016

December 31, 2015

Cable and satellite television distribution rights
$
2,273

2,259

Less accumulated amortization
(2,024
)
(1,920
)
Cable and satellite television distribution rights, net
$
249

339


The Company recorded amortization expense of $49 million and $48 million for the three months ended June 30, 2016 and 2015, respectively, related to cable and satellite television distribution rights. For the six months ended June 30, 2016 and 2015, amortization expense for cable and satellite television distribution rights was $96 million and $95 million, respectively.
As of June 30, 2016, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2016
$
92

2017
125

2018
12

2019
9

2020
8


The decrease in future amortization expense in 2018 is primarily due to the end of affiliation agreement terms for contracts in place at the time of Liberty's acquisition of QVC in 2003.