Quarterly report pursuant to Section 13 or 15(d)

Cable and Satellite Television Distribution Rights, Net

v3.4.0.3
Cable and Satellite Television Distribution Rights, Net
3 Months Ended
Mar. 31, 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)
March 31, 2016

December 31, 2015

Cable and satellite television distribution rights
$
2,271

2,259

Less accumulated amortization
(1,977
)
(1,920
)
Cable and satellite television distribution rights, net
$
294

339


The Company recorded amortization expense of $47 million for both the three months ended March 31, 2016 and 2015, related to cable and satellite television distribution rights.
As of March 31, 2016, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2016
$
136

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.