Quarterly report pursuant to Section 13 or 15(d)

Television Distribution Rights, Net

v3.23.2
Television Distribution Rights, Net
6 Months Ended
Jun. 30, 2023
Television Distribution Rights [Abstract]  
Television Distribution Rights, Net Television Distribution Rights, Net
Television distribution rights consisted of the following:
(in millions) June 30, 2023 December 31, 2022
Television distribution rights $ 607  664 
Less accumulated amortization (478) (592)
Television distribution rights, net $ 129  72 
The Company recorded amortization expense of $26 million and $28 million for the three months ended June 30, 2023 and 2022, respectively, related to television distribution rights. For the six months ended June 30, 2023 and 2022, amortization expense for television distribution rights was $50 million and $59 million, respectively.
As of June 30, 2023, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2023 $ 50 
2024 72 
2025
2026 — 
2027 —