Quarterly report pursuant to Section 13 or 15(d)

Television Distribution Rights, Net

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Television Distribution Rights, Net
6 Months Ended
Jun. 30, 2024
Television Distribution Rights [Abstract]  
Television Distribution Rights, Net Television Distribution Rights, Net
Television distribution rights consisted of the following:
(in millions) June 30, 2024 December 31, 2023
Television distribution rights $ 547  592 
Less accumulated amortization (486) (509)
Television distribution rights, net $ 61  83 
The Company recorded amortization expense of $21 million and $26 million for the three months ended June 30, 2024 and 2023, respectively, related to television distribution rights. For the six months ended June 30, 2024 and 2023, amortization expense for television distribution rights was $41 million and $50 million, respectively.
As of June 30, 2024, related amortization expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2024 $ 37 
2025 21 
2026
2027 — 
2028 —