Quarterly report pursuant to Section 13 or 15(d)

Television Distribution Rights, Net

v3.22.1
Television Distribution Rights, Net
3 Months Ended
Mar. 31, 2022
Television Distribution Rights [Abstract]  
Television Distribution Rights, Net Television Distribution Rights, Net
Television distribution rights consisted of the following:
(in millions) March 31, 2022 December 31, 2021
Television distribution rights $ 810  818 
Less accumulated amortization (694) (673)
Television distribution rights, net $ 116  145 
The Company recorded amortization expense of $31 million and $25 million for the three months ended March 31, 2022 and 2021, respectively, related to television distribution rights.
As of March 31, 2022, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2022 $ 82 
2023 29 
2024
2025
2026 —