Quarterly report pursuant to Section 13 or 15(d)

Television Distribution Rights, Net

v3.21.2
Television Distribution Rights, Net
9 Months Ended
Sep. 30, 2021
Television Distribution Rights [Abstract]  
Television Distribution Rights, Net Television Distribution Rights, Net
Television distribution rights consisted of the following:
(in millions) September 30, 2021 December 31, 2020
Television distribution rights $ 823  814 
Less accumulated amortization (654) (751)
Television distribution rights, net $ 169  63 
The Company recorded amortization expense of $32 million and $33 million for the three months ended September 30, 2021 and 2020, respectively, related to television distribution rights. For the nine months ended September 30, 2021 and 2020, amortization expense for television distribution rights was $80 million and $102 million, respectively.
As of September 30, 2021, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2021 $ 30 
2022 108 
2023 26 
2024
2025