Quarterly report pursuant to Section 13 or 15(d)

Television Distribution Rights, Net

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Television Distribution Rights, Net
3 Months Ended
Mar. 31, 2024
Television Distribution Rights [Abstract]  
Television Distribution Rights, Net Television Distribution Rights, Net
Television distribution rights consisted of the following:
(in millions) March 31, 2024 December 31, 2023
Television distribution rights $ 561  592 
Less accumulated amortization (487) (509)
Television distribution rights, net $ 74  83 
The Company recorded amortization expense of $20 million and $24 million for the three months ended March 31, 2024 and 2023, respectively, related to television distribution rights.
As of March 31, 2024, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2024 $ 57 
2025 16 
2026
2027 — 
2028 —