Quarterly report pursuant to Section 13 or 15(d)

Television Distribution Rights, Net

v3.7.0.1
Television Distribution Rights, Net
 6 Months Ended
Jun. 30, 2017
Television Distribution Rights [Abstract]  
Television Distribution Rights, Net
Television Distribution Rights, Net
Television distribution rights consisted of the following:
(in millions)
June 30, 2017

December 31, 2016

Television distribution rights
$
2,332

2,279

Less accumulated amortization
(2,221
)
(2,096
)
Television distribution rights, net
$
111

183


The Company recorded amortization expense of $52 million and $49 million for the three months ended June 30, 2017 and 2016, respectively, related to television distribution rights. For the six months ended June 30, 2017 and 2016, amortization expense for television distribution rights was $102 million and $96 million, respectively.
As of June 30, 2017, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2017
$
46

2018
34

2019
15

2020
10

2021
4


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.