Quarterly report pursuant to Section 13 or 15(d)

Television Distribution Rights, Net

v3.23.3
Television Distribution Rights, Net
9 Months Ended
Sep. 30, 2023
Television Distribution Rights [Abstract]  
Television Distribution Rights, Net Television Distribution Rights, Net
Television distribution rights consisted of the following:
(in millions) September 30, 2023 December 31, 2022
Television distribution rights $ 593  664 
Less accumulated amortization (485) (592)
Television distribution rights, net $ 108  72 
The Company recorded amortization expense of $24 million and $29 million for the three months ended September 30, 2023 and 2022, respectively, related to television distribution rights. For the nine months ended September 30, 2023 and 2022, amortization expense for television distribution rights was $74 million and $88 million, respectively.
As of September 30, 2023, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2023 $ 25 
2024 75 
2025
2026 — 
2027 —