Perspectives: Changes to accounting for film costs and license agreements

Start adding items to your reading lists:
Save this item to:
This item has been saved to your reading list.


On March 6, 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2019-02, the updated standard that changes the accounting for costs of film and license agreements for program materials. The updated guidance aligns the capitalization for film and episodic television (TV) series production costs. In addition, the standard also addresses impairment, amortization and presentation/disclosure considerations for both traditional and non-traditional media entities.

This publication highlights the changes that broadcasters and entities that produce and distribute films and episodic TV series (collectively “films”) should consider as they transition to the ASU.

Contact us

Kevin Healy

US TMT Industry Assurance Leader, PwC US

Bud Swartz

Partner, PwC US

Follow us