Cable and Satellite Television Distribution Rights, Net |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 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:
The Company recorded amortization expense of $47 million and $45 million for the three months ended September 30, 2016 and 2015, respectively, related to cable and satellite television distribution rights. For the nine months ended September 30, 2016 and 2015, amortization expense for cable and satellite television distribution rights was $143 million and $140 million, respectively.
As of September 30, 2016, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
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.
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