Broadcast television: Acquired programming rights

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Broadcast television: Acquired programming rights

At a glance

This paper focuses on acquired broadcast rights and the key information we believe should be considered when evaluating the impact of rights acquisition transactions on your company’s financial reporting process.

For financial executives and their accounting and reporting staffs, the accounting for acquired programming presents many challenges. First, the primary accounting literature offers little interpretive guidance. Additionally, the significant increase in the number of cable channels and the significance of cable affiliation fees have added complexity to critical financial reporting considerations such as the amortization model and assessment of impairment.

To help address uncertainties in this area, PwC offers perspectives on significant accounting and reporting matters that face companies in the filmed entertainment production and distribution business. This paper focuses on acquired broadcast rights and the key information we believe should be considered when evaluating the impact of rights acquisition transactions on your company’s financial reporting process.

Look for future editions on this site covering:

  • Cable affiliation arrangements
  • Matters unique to video game developers

Previous issues

Download Filmed entertainment: Cost capitalization, amortization, and impairment. This edition of Perspectives focuses on matters related to the production, amortization, and impairment of film assets. The information provides a framework which considers the impact of various transactions on your company’s financial reporting process.

Download Revenue recognition matters unique to the motion picture industry. This edition of Perspectives addresses commonly asked questions in these areas. There is also an additional section addressing other common issues for matters related to revenue recognition that do not fit squarely into the five criteria of SOP 00-2 or under the guidance in EITF 99-19.

Download Film-financing and passive investor arrangements. The production and distribution of motion picture and episodic television shows continue to undergo significant changes in the traditional models of developing, financing, and distributing the underlying content. For financial executives and their accounting and reporting staffs, the changes in the overall environment continue to create new complexities and challenges in accounting for filmed entertainment products. This publication can serve as a framework when considering the impact of various transactions on your company’s financial-reporting process.