AMC Networks (AMCX) 10-Q 3 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 27, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	1-35106
Entity Registrant Name	AMC Networks Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-5403694
Entity Address, Address Line One	11 Penn Plaza,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	324-8500
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	AMCX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001514991
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		32,073,020
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,484,408

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 955,187	$ 930,002
Accounts receivable, trade (less allowance for doubtful accounts of $9,581 and $8,725)	657,656	722,185
Current portion of program rights, net	11,978	10,807
Prepaid expenses and other current assets	276,284	286,875
Total current assets	1,901,105	1,949,869
Property and equipment, net of accumulated depreciation of $390,887 and $344,906	172,897	202,034
Program rights, net	1,807,549	1,762,939
Intangible assets, net	300,763	354,676
Goodwill	640,143	643,419
Deferred tax assets, net	15,542	13,618
Operating lease right-of-use assets	81,783	108,229
Other assets	471,003	599,052
Total assets	5,390,785	5,633,836
Current Liabilities:
Accounts payable	103,575	172,009
Accrued liabilities	373,403	419,065
Current portion of program rights obligations	257,508	374,115
Deferred revenue	69,796	134,883
Current portion of long-term debt	459,063	33,750
Current portion of lease obligations	36,822	36,411
Total current liabilities	1,300,167	1,170,233
Program rights obligations	146,924	200,869
Long-term debt, net	2,334,216	2,778,703
Lease obligations	99,116	124,799
Deferred tax liabilities, net	117,687	112,642
Other liabilities	84,988	139,108
Total liabilities	4,083,098	4,526,354
Commitments and contingencies
Redeemable noncontrolling interests	225,400	253,669
Stockholders' equity:
Preferred stock, $0.01 par value, 45,000 shares authorized; none issued	0	0
Paid-in capital	372,925	360,251
Accumulated earnings	2,342,914	2,105,641
Treasury stock, at cost (34,593 and 34,593 shares Class A Common Stock, respectively)	(1,419,882)	(1,419,882)
Accumulated other comprehensive loss	(246,052)	(239,798)
Total AMC Networks stockholders' equity	1,050,686	806,988
Non-redeemable noncontrolling interests	31,601	46,825
Total stockholders' equity	1,082,287	853,813
Total liabilities and stockholders' equity	5,390,785	5,633,836
Class A Common Stock
Stockholders' equity:
Common stock	666	661
Class B Common Stock
Stockholders' equity:
Common stock	$ 115	$ 115

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounts receivable, trade, allowance for doubtful accounts	$ 9,581	$ 8,725
Property and equipment, accumulated depreciation	$ 390,887	$ 344,906
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	45,000,000	45,000,000
Preferred stock, shares issued (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	360,000,000	360,000,000
Common stock, shares issued (in shares)	66,666,000	66,118,000
Common stock, shares outstanding (in shares)	32,073,000	31,525,000
Treasury stock (in shares)	34,593,000	34,593,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	90,000,000	90,000,000
Common stock, shares issued (in shares)	11,484,000	11,484,000
Common stock, shares outstanding (in shares)	11,484,000	11,484,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenues, net	$ 636,954,000	$ 681,843,000	$ 2,033,029,000	$ 2,132,025,000
Operating expenses:
Technical and operating (excluding depreciation and amortization)	284,900,000	293,459,000	933,590,000	903,468,000
Selling, general and administrative	187,232,000	207,972,000	567,136,000	670,444,000
Depreciation and amortization	28,009,000	29,735,000	79,629,000	79,556,000
Impairment and other charges	5,400,000	0	30,282,000	0
Restructuring and other related charges	10,563,000	0	22,537,000	0
Total operating expenses	516,104,000	531,166,000	1,633,174,000	1,653,468,000
Operating income	120,850,000	150,677,000	399,855,000	478,557,000
Other income (expense):
Interest expense	(38,757,000)	(34,308,000)	(115,304,000)	(97,085,000)
Interest income	11,686,000	3,625,000	26,944,000	8,552,000
Miscellaneous, net	(2,211,000)	(1,546,000)	12,518,000	3,540,000
Total other expense	(29,282,000)	(32,229,000)	(75,842,000)	(84,993,000)
Income from operations before income taxes	91,568,000	118,448,000	324,013,000	393,564,000
Income tax expense	(23,671,000)	(28,456,000)	(82,725,000)	(103,118,000)
Net income including noncontrolling interests	67,897,000	89,992,000	241,288,000	290,446,000
Net income attributable to noncontrolling interests	(4,473,000)	(5,326,000)	(4,015,000)	(18,163,000)
Net income attributable to AMC Networks' stockholders	$ 63,424,000	$ 84,666,000	$ 237,273,000	$ 272,283,000
Net income per share attributable to AMC Networks' stockholders:
Basic (in dollars per share)	$ 1.44	$ 1.96	$ 5.42	$ 6.32
Diluted (in dollars per share)	$ 1.44	$ 1.94	$ 5.40	$ 6.23
Weighted average common shares:
Basic (in shares)	43,951	43,238	43,786	43,070
Diluted (in shares)	44,041	43,732	43,905	43,707

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income including noncontrolling interests	$ 67,897	$ 89,992	$ 241,288	$ 290,446
Other comprehensive income (loss):
Foreign currency translation adjustment	(27,860)	(54,896)	(6,216)	(125,229)
Comprehensive income	40,037	35,096	235,072	165,217
Comprehensive income attributable to noncontrolling interests	(3,389)	(3,136)	(4,053)	(13,114)
Comprehensive income attributable to AMC Networks' stockholders	$ 36,648	$ 31,960	$ 231,019	$ 152,103

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Paid-in Capital	Accumulated Earnings	Treasury Stock	Accumulated Other Comprehensive Loss	AMC Networks Stockholders’ Equity	Noncontrolling Interests
Beginning Balance at Dec. 31, 2021	$ 902,672	$ 655	$ 115	$ 347,971	$ 2,098,047	$ (1,419,882)	$ (175,818)	$ 851,088	$ 51,584
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	272,283				272,283			272,283
Net income attributable to non-redeemable noncontrolling interests	5,192								5,192
Distribution to noncontrolling member	(3,366)								(3,366)
Purchase of noncontrolling interest, net of tax	(4,363)			(3,066)				(3,066)	(1,297)
Other comprehensive income (loss)	(125,229)						(120,180)	(120,180)	(5,049)
Share-based compensation expenses	23,862			23,862				23,862
Net share issuances under employee stock plans	(21,557)	6		(21,563)				(21,557)
Ending Balance at Sep. 30, 2022	1,049,494	661	115	347,204	2,370,330	(1,419,882)	(295,998)	1,002,430	47,064
Beginning Balance at Jun. 30, 2022	1,013,446	660	115	341,403	2,285,664	(1,419,882)	(243,292)	964,668	48,778
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	84,666				84,666			84,666
Net income attributable to non-redeemable noncontrolling interests	883								883
Distribution to noncontrolling member	(407)								(407)
Other comprehensive income (loss)	(54,896)						(52,706)	(52,706)	(2,190)
Share-based compensation expenses	7,050			7,050				7,050
Net share issuances under employee stock plans	(1,248)	1		(1,249)				(1,248)
Ending Balance at Sep. 30, 2022	1,049,494	661	115	347,204	2,370,330	(1,419,882)	(295,998)	1,002,430	47,064
Beginning Balance at Dec. 31, 2022	853,813	661	115	360,251	2,105,641	(1,419,882)	(239,798)	806,988	46,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	237,273				237,273			237,273
Net income attributable to non-redeemable noncontrolling interests	(13,111)								(13,111)
Distribution to noncontrolling member	(2,151)								(2,151)
Other comprehensive income (loss)	(6,216)						(6,254)	(6,254)	38
Share-based compensation expenses	19,908			19,908				19,908
Net share issuances under employee stock plans	(7,229)	5		(7,234)				(7,229)
Ending Balance at Sep. 30, 2023	1,082,287	666	115	372,925	2,342,914	(1,419,882)	(246,052)	1,050,686	31,601
Beginning Balance at Jun. 30, 2023	1,040,251	666	115	366,553	2,279,490	(1,419,882)	(219,276)	1,007,666	32,585
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	63,424				63,424			63,424
Net income attributable to non-redeemable noncontrolling interests	417								417
Distribution to noncontrolling member	(317)								(317)
Other comprehensive income (loss)	(27,860)						(26,776)	(26,776)	(1,084)
Share-based compensation expenses	6,378			6,378				6,378
Net share issuances under employee stock plans	(6)			(6)				(6)
Ending Balance at Sep. 30, 2023	$ 1,082,287	$ 666	$ 115	$ 372,925	$ 2,342,914	$ (1,419,882)	$ (246,052)	$ 1,050,686	$ 31,601

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income including noncontrolling interests	$ 241,288	$ 290,446
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	79,629	79,556
Impairment and other charges	24,882	0
Share-based compensation expenses related to equity classified awards	19,671	23,862
Non-cash restructuring and other related charges	11,916	0
Amortization of program rights	626,685	610,099
Amortization of deferred carriage fees	15,662	24,747
Unrealized foreign currency transaction loss (gain)	7,778	(1,098)
Amortization of deferred financing costs and discounts on indebtedness	5,876	5,778
Bad debt expense	2,106	2,035
Deferred income taxes	2,973	46,292
Gain on investments	0	(4,084)
Other, net	(4,881)	(7,854)
Changes in assets and liabilities:
Accounts receivable, trade	48,570	99,711
Prepaid expenses and other assets	146,321	(18,174)
Program rights and obligations, net	(844,332)	(1,065,937)
Income taxes payable	16,198	13,181
Deferred revenue	(65,548)	66,822
Deferred carriage fees, net	(4,725)	(22,285)
Accounts payable, accrued liabilities and other liabilities	(198,930)	(106,506)
Net cash provided by operating activities	131,139	36,591
Cash flows from investing activities:
Capital expenditures	(28,392)	(33,510)
Return of capital from investees	696	1,771
Acquisition of investments	(283)	(5,002)
Loans to investees	0	(2,456)
Principal payment received on loan to investee	180	720
Proceeds from sale of investments	8,565	9,854
Net cash used in investing activities	(19,234)	(28,623)
Cash flows from financing activities:
Payments for financing costs	(342)	0
Principal payments on long-term debt	(25,313)	(25,313)
Deemed repurchases of restricted stock units	(7,229)	(21,557)
Principal payments on finance lease obligations	(3,134)	(2,606)
Distributions to noncontrolling interests	(47,546)	(28,232)
Purchase of noncontrolling interests	(1,343)	(2,500)
Net cash used in financing activities	(84,907)	(80,208)
Net increase (decrease) in cash and cash equivalents from operations	26,998	(72,240)
Effect of exchange rate changes on cash and cash equivalents	(1,813)	(29,051)
Cash and cash equivalents at beginning of period	930,002	892,221
Cash and cash equivalents at end of period	$ 955,187	$ 790,930

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business AMC Networks Inc. ("AMC Networks") and its subsidiaries (collectively referred to as the "Company," "we," "us," or "our") own and operate entertainment businesses and assets. The Company is comprised of two operating segments: • Domestic Operations: Includes our programming services, which consist of our five national programming networks, our global streaming services, our AMC Studios operation and IFC Films. Our national programming networks are AMC, WE tv, BBC AMERICA, IFC, and SundanceTV. Our global streaming services consist of our targeted subscription streaming services (Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE) and AMC+. Our AMC Studios operation produces original programming for our programming networks and third parties and also licenses programming worldwide, and IFC Films is our film distribution business. The operating segment also includes AMC Networks Broadcasting & Technology, our technical services business, which primarily services most of the national programming networks. • International and Other : Includes AMC Networks International ("AMCNI"), our international programming businesses consisting of a portfolio of channels around the world, and 25/7 Media, our production services business. Basis of Presentation Principles of Consolidation The consolidated financial statements include the accounts of AMC Networks and its subsidiaries in which a controlling financial interest is maintained or variable interest entities ("VIEs") in which the Company has determined it is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation. Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting. Unaudited Interim Financial Statements These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the Company's consolidated financial statements and notes thereto for the year ended December 31, 2022 contained in the Company's Annual Report on Form 10-K (our "2022 Form 10-K") filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2023. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets and the valuation and recoverability of goodwill and intangible assets.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Transaction Price Allocated to Future Performance Obligations As of September 30, 2023, other than contracts for which the Company has applied the practical expedients, the aggregate amount of transaction price allocated to future performance obligations was not material to our consolidated revenues. Contract Balances from Contracts with Customers The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers. (In thousands) September 30, 2023 December 31, 2022 Balances from contracts with customers: Accounts receivable (including long-term receivables within Other assets) $ 765,333 $ 1,003,505 Contract assets, short-term (included in Prepaid expenses and other current assets) 2,364 48,594 Contract liabilities, short-term (Deferred revenue) 69,796 134,883 Contract liabilities, long-term (Deferred revenue included in Other liabilities) 181 683 Revenue recognized for the nine months ended September 30, 2023 and 2022 relating to the contract liabilities at December 31, 2022 and 2021 was $102.6 million and $63.1 million, respectively .

Net Income per Share

Net Income per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share The following is a reconciliation between basic and diluted weighted average common shares outstanding: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Basic weighted average common shares outstanding 43,951 43,238 43,786 43,070 Effect of dilution: Restricted stock units 90 494 119 637 Diluted weighted average common shares outstanding 44,041 43,732 43,905 43,707 As of September 30, 2023 and September 30, 2022, 1.9 million and 0.9 million, respectively, of restricted stock units have been excluded from diluted weighted average common shares outstanding, as their impact would have been anti-dilutive. Stock Repurchase Program The Company's Board of Directors previously authorized a program to repurchase up to $1.5 billion of its outstanding shares of common stock (the "Stock Repurchase Program"). The Stock Repurchase Program has no pre-established closing date and may be suspended or discontinued at any time. For the three and nine months ended September 30, 2023 and 2022, the Company did not repurchase any shares of its Class A Common Stock. As of September 30, 2023, the Company had $135.3 million of authorization remaining for repurchase under the Stock Repurchase Program.

Restructuring and Other Related

Restructuring and Other Related Charges	9 Months Ended
	Sep. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Charges	Restructuring and Other Related Charges On November 28, 2022, the Company commenced a restructuring plan (the “Plan”) designed to achieve significant cost reductions in light of “cord cutting” and the related impacts being felt across the media industry as well as the broader economic outlook. The Plan encompasses initiatives that include, among other things, strategic programming assessments and organizational restructuring costs . The Plan is intended to improve the organizational design of the Company through the elimination of certain roles and centralization of certain functional areas of the Company. The programming assessments pertain to a broad mix of owned and licensed content, including legacy television series and films that will no longer be in active rotation on the Company’s linear or streaming platforms. During the third quarter of 2023, the Company substantially completed the Plan and exited a portion of its office space in its corporate headquarters in New York and office space in Silver Spring, Maryland and Woodland Hills, California. In connection with exiting a portion of the New York office, the Company recorded impairment charges of $11.6 million, consisting of $9.1 million for operating lease right-of use assets and $2.5 million for leasehold improvements. Fair values used to determine the impairment charge were determined using an income approach, specifically a discounted cash flow ("DCF") model. The DCF model includes significant assumptions about sublease income and enterprise specific discount rates. Given the uncertainty in determining assumptions underlying the DCF approach, actual results may differ from those used in the valuations. As a result of the Plan, the Company recorded r estructuring and other related charges of $10.6 million and $22.5 million for the three and nine months ended September 30, 2023, consisting primarily of charges relating to exiting a portion of office space in New York and severance and other personnel costs. There were no restructuring and other related charges for the three and nine months ended September 30, 2022. The following table summarizes the restructuring and other related charges (credits) recognized by operating segment: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2023 2023 Domestic Operations $ (783) $ 3,940 International and Other (4) 1,642 Corporate / Inter-segment eliminations 11,350 16,955 Total restructuring and other related charges $ 10,563 $ 22,537 The following table summarizes the accrued restructuring and other related costs: (In thousands) Severance and Employee-Related Costs Content Impairments and Other Exit Costs Total Balance at December 31, 2022 $ 37,150 $ 74,724 $ 111,874 Charges (credits), net 13,444 9,093 22,537 Cash payments (40,285) (61,305) (101,590) Non-cash adjustments — (11,916) (11,916) Other (56) 1,481 1,425 Balance at September 30, 2023 $ 10,253 $ 12,077 $ 22,330

Program Rights

Program Rights	9 Months Ended
	Sep. 30, 2023
Film, Disclosures [Abstract]
Program Rights	Program Rights Total capitalized produced and licensed content by predominant monetization strategy is as follows: September 30, 2023 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights, net: Completed $ 198,647 $ 537,260 $ 735,907 In-production and in-development — 284,783 284,783 Total owned original program rights, net $ 198,647 $ 822,043 $ 1,020,690 Licensed program rights, net: Licensed film and acquired series $ 1,276 $ 570,027 $ 571,303 Licensed originals 2,084 134,300 136,384 Advances and content versioning costs — 91,150 91,150 Total licensed program rights, net 3,360 795,477 798,837 Program rights, net $ 202,007 $ 1,617,520 $ 1,819,527 Current portion of program rights, net $ 11,978 Program rights, net (long-term) 1,807,549 $ 1,819,527 December 31, 2022 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights, net: Completed $ 215,496 $ 322,248 $ 537,744 In-production and in-development 45,098 294,086 339,184 Total owned original program rights, net $ 260,594 $ 616,334 $ 876,928 Licensed program rights, net: Licensed film and acquired series $ 3,092 $ 642,768 $ 645,860 Licensed originals 5,373 171,418 176,791 Advances and content versioning costs — 74,167 74,167 Total licensed program rights, net 8,465 888,353 896,818 Program rights, net $ 269,059 $ 1,504,687 $ 1,773,746 Current portion of program rights, net $ 10,807 Program rights, net (long-term) 1,762,939 $ 1,773,746 Amortization of owned and licensed program rights, included in Technical and operating expenses in the condensed consolidated statements of income, is as follows: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights $ 21,116 $ 63,800 $ 84,916 $ 101,947 $ 165,547 $ 267,494 Licensed program rights 485 110,898 111,383 2,620 356,571 359,191 Program rights amortization $ 21,601 $ 174,698 $ 196,299 $ 104,567 $ 522,118 $ 626,685 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights $ 33,728 $ 35,534 $ 69,262 $ 128,072 $ 82,850 $ 210,922 Licensed program rights 12,597 131,350 143,947 29,838 369,339 399,177 Program rights amortization $ 46,325 $ 166,884 $ 213,209 $ 157,910 $ 452,189 $ 610,099 For programming rights predominantly monetized individually or as a group, the Company periodically reviews the programming usefulness of licensed and owned original program rights based on several factors, including expected future revenue generation from airings on the Company's networks and streaming services and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If events or changes in circumstances indicate that the fair value of a film predominantly monetized individually or a film group is less than its unamortized cost, the Company will write off the excess to technical and operating expenses in the consolidated statements of income. Program rights with no future programming usefulness are substantively abandoned resulting in the write-off of remaining unamortized cost. There were no significant program rights write-offs included in technical and operating expenses f or the three and nine months ended September 30, 2023 or 2022. In the normal course of business, the Company may qualify for tax incentives through eligible investments in productions. Receivables related to tax incentives earned on production spend were $191.7 million and $143.1 million as of September 30, 2023 and December 31, 2022, respectively, recorded in Prepaid expenses and other current assets, and $84.6 million and $104.5 million as of September 30, 2023 and December 31, 2022, respectively, recorded in Other assets.

Investments

Investments	9 Months Ended
	Sep. 30, 2023
Investments [Abstract]
Investments	Investments The Company holds several investments in and loans to non-consolidated entities which are included in Other assets in the condensed consolidated balance sheet. Equity Method Investments Equity method investments were $82.7 million and $79.6 million at September 30, 2023 and December 31, 2022, respectively. Marketable Equity Securities There were no investments in marketable equity securities at September 30, 2023 or December 31, 2022. There were no realized or unrealized gains or losses on marketable equity securities for the three and nine months ended September 30, 2023. No gains or losses were recorded on marketable equity securities for the three months ended September 30, 2022, and $4.1 million of gains were recorded for the nine months ended September 30, 2022, included in miscellaneous, net in the condensed consolidated statements of income. In April 2022, the Company sold its interest in a marketable equity security for $9.9 million. Non-marketable Equity Securities Investments in non-marketable equity securities were $41.3 million and $42.7 million a t September 30, 2023 and December 31, 2022, respectively. No gains or losses were recorded on non-marketable equity securities for the three months ended September 30, 2023, or the three and nine months ended September 30, 2022. During the nine months ended

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The carrying amount of goodwill, by operating segment is as follows: (In thousands) Domestic Operations International Total December 31, 2022 $ 349,292 $ 294,127 $ 643,419 Impairment charge — (1,877) (1,877) Amortization of "second component" goodwill (560) — (560) Foreign currency translation — (839) (839) September 30, 2023 $ 348,732 $ 291,411 $ 640,143 As of September 30, 2023 and December 31, 2022, accumulated impairment charges in the International and Other segment totaled $165.7 million and $163.8 million, respectively . The $1.9 million impairment charge for International and Other relates to the 25/7 Media reporting unit. See "Impairment Test of Long-Lived Assets and Goodwill" below for more details. The reduction of $0.6 million in the carrying amount of goodwill for Domestic Operations is due to the realization of a tax benefit for the amortization of "second component" goodwill at SundanceTV. Second component goodwill is the amount of tax deductible goodwill in excess of goodwill for financial reporting purposes. In accordance with the authoritative guidance at the time of the SundanceTV acquisition, the tax benefits associated with this excess are applied to first reduce the amount of goodwill, and then other intangible assets for financial reporting purposes, if and when such tax benefits are realized in the Company's tax returns. All remaining tax benefits were realized during the second quarter of 2023. The following tables summarize information relating to the Company's identifiable intangible assets: (In thousands) September 30, 2023 Gross Accumulated Amortization Net Estimated Useful Lives Amortizable intangible assets: Affiliate and customer relationships $ 633,525 $ (410,571) $ 222,954 6 to 25 years Advertiser relationships 46,282 (37,598) 8,684 11 years Trade names and other amortizable intangible assets 105,441 (56,216) 49,225 3 to 20 years Total amortizable intangible assets 785,248 (504,385) 280,863 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 805,148 $ (504,385) $ 300,763 (In thousands) December 31, 2022 Gross Accumulated Amortization Net Amortizable intangible assets: Affiliate and customer relationships $ 634,000 $ (373,240) $ 260,760 Advertiser relationships 46,282 (34,443) 11,839 Trade names and other amortizable intangible assets 105,338 (43,161) 62,177 Total amortizable intangible assets 785,620 (450,844) 334,776 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 805,520 $ (450,844) $ 354,676 Aggregate amortization expense for amortizable intangible assets for the three months ended September 30, 2023 and 2022 was $9.8 million and $10.2 million, respectively, and for the nine months ended September 30, 2023 and 2022 was $30.7 million and $31.2 million, respectively. Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is: (In thousands) Years Ending December 31, 2023 $ 40,454 2024 39,128 2025 37,420 2026 33,076 2027 28,272 Impairment Test of Long-Lived Assets and Goodwill 25/7 Media is our production services business and is part of our International and Other operating segment. See "Item 1. Business - International and Other" in our 2022 Form 10-K for further details. During the second quarter of 2023, given the impact of market challenges at 25/7 Media, specifically as it relates to reduced demand for new content and series cancellations from third parties, the Company revised its outlook for the 25/7 Media business, resulting in lower expected future cash flows. As a result, the Company determined that sufficient indicators of potential impairment of long-lived assets existed at 25/7 Media. The Company performed a recoverability test and determined that the carrying amount of the 25/7 Media asset group was not recoverable. The carrying value of the asset group exceeded its fair value, therefore an impairment charge of $23.0 million was recorded for identifiable intangible assets, which is included in impairment and other charges in the consolidated statement of income within the International and Other operating segment. Fair values used to determine the impairment charge were determined using an income approach, specifically a DCF model, and a market comparables approach. The DCF model includes significant assumptions about revenue growth rates, long-term growth rates and enterprise specific discount rates. Given the uncertainty in determining assumptions underlying the DCF approach, actual results may differ from those used in the valuations.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2023
Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following: (In thousands) September 30, 2023 December 31, 2022 Employee related costs $ 81,235 $ 97,362 Participations and residuals 152,030 138,384 Interest 22,006 37,105 Restructuring and other related charges 20,055 107,998 Other accrued expenses 98,077 38,216 Total accrued liabilities $ 373,403 $ 419,065

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt The Company's long-term debt consists of the following: (In thousands) September 30, 2023 December 31, 2022 Senior Secured Credit Facility: (a) Term Loan A Facility $ 615,938 $ 641,250 Senior Notes: 5.00% Notes due April 2024 400,000 400,000 4.75% Notes due August 2025 800,000 800,000 4.25% Notes due February 2029 1,000,000 1,000,000 Total long-term debt 2,815,938 2,841,250 Unamortized discount (15,246) (18,718) Unamortized deferred financing costs (7,413) (10,079) Long-term debt, net 2,793,279 2,812,453 Current portion of long-term debt 459,063 33,750 Noncurrent portion of long-term debt $ 2,334,216 $ 2,778,703 (a) The Company's revolving credit facility remains undrawn at September 30, 2023. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company. During the nine months ended September 30, 2023, the Company repaid a total of $25.3 million of the principal amount of the Term Loan A Facility in accordance with the terms of the agreement. In April 2023, the Company entered into Amendment No. 2 ("Amendment No. 2") to the Second Amended and Restated Credit Agreement (the "Credit Agreement"). Amendment No. 2 (i) reduced the aggregate principal amount of the revolving loan commitments under the Credit Agreement from $500 million to $400 million, (ii) replaced the interest rate based on London Interbank Offered Rate with an interest rate based on the Secured Overnight Financing Rate, (iii) increased the Company's ability to incur additional debt in the future to provide additional flexibility for future financings, including increasing the amount of the incremental debt basket to the greater of $1.2 billion and the amount that would not cause the senior secured leverage ratio to exceed 3.00 to 1.00 on a pro forma basis and (iv) made certain other modifications to the Credit Agreement. The maturity date of the Term Loan A Facility and revolving credit facility under the Credit Agreement is February 8, 2026. In connection with the modification of the revolving loan commitments, the Company recorded $0.6 million to write-off a portion of the unamortized deferred financing costs, which is included in interest expense within the consolidated statements of income for the nine months ended September 30, 2023. On November 3, 2023, the Company gave notice of its intention to redeem the remaining $400 million outstanding principal amount of its 5.00% senior notes due 2024 (the “2024 Notes”) on December 12, 2023 (the “Redemption Date”). The 2024 Notes will be redeemed at a redemption price of 100.000% of the principal amount of the 2024 Notes plus accrued and unpaid interest to, but excluding, the Redemption Date. Other Debt During the second quarter of 2023, a majority owned subsidiary of the Company extended its credit facility totaling $4.5 million to July 21, 2024. The facility bears interest at the greater of 3.5% or the prime rate plus 1%. There were no outstanding borrowings under the credit facility as of September 30, 2023.

Leases

Leases	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Leases	Leases The following table summarizes the leases included in the condensed consolidated balance sheets as follows: (In thousands) Balance Sheet Location September 30, 2023 December 31, 2022 Assets Operating Operating lease right-of-use assets $ 81,783 $ 108,229 Finance Property and equipment, net 10,159 10,982 Total lease assets $ 91,942 $ 119,211 Liabilities Current: Operating Current portion of lease obligations $ 32,313 $ 32,207 Finance Current portion of lease obligations 4,509 4,204 $ 36,822 $ 36,411 Noncurrent: Operating Lease obligations $ 83,551 $ 105,768 Finance Lease obligations 15,565 19,031 $ 99,116 $ 124,799 Total lease liabilities $ 135,938 $ 161,210 In connection with exiting a portion of its office space in New York in the third quarter of 2023, the Company recorded an impairment charge of $9.1 million for operating lease right-of use assets. Refer to Note 4, Restructuring and Other Related Charges for additional details.
Leases	Leases The following table summarizes the leases included in the condensed consolidated balance sheets as follows: (In thousands) Balance Sheet Location September 30, 2023 December 31, 2022 Assets Operating Operating lease right-of-use assets $ 81,783 $ 108,229 Finance Property and equipment, net 10,159 10,982 Total lease assets $ 91,942 $ 119,211 Liabilities Current: Operating Current portion of lease obligations $ 32,313 $ 32,207 Finance Current portion of lease obligations 4,509 4,204 $ 36,822 $ 36,411 Noncurrent: Operating Lease obligations $ 83,551 $ 105,768 Finance Lease obligations 15,565 19,031 $ 99,116 $ 124,799 Total lease liabilities $ 135,938 $ 161,210 In connection with exiting a portion of its office space in New York in the third quarter of 2023, the Company recorded an impairment charge of $9.1 million for operating lease right-of use assets. Refer to Note 4, Restructuring and Other Related Charges for additional details.

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity's pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels: • Level I - Quoted prices for identical instruments in active markets. • Level II - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level III - Instruments whose significant value drivers are unobservable. The following table presents for each of these hierarchy levels, the Company's financial assets and liabilities that are measured at fair value on a recurring basis at September 30, 2023 and December 31, 2022: (In thousands) Level I Level II Level III Total At September 30, 2023: Assets Cash equivalents $ 89,539 $ — $ — $ 89,539 Foreign currency derivatives — 6,070 — 6,070 Liabilities Foreign currency derivatives — 3,613 — 3,613 At December 31, 2022: Assets Cash equivalents $ 80,000 $ — $ — $ 80,000 Foreign currency derivatives — 536 — 536 Liabilities Foreign currency derivatives — 8,965 — 8,965 The Company's cash equivalents (comprised of money market mutual funds) are classified within Level I of the fair value hierarchy because they are valued using quoted market prices. The Company's foreign currency derivatives are classified within Level II of the fair value hierarchy as their fair values are determined based on a market approach valuation technique that uses readily observable market parameters and the consideration of counterparty risk. At September 30, 2023 and December 31, 2022, the Company did not have any material assets or liabilities measured at fair value on a recurring basis that would be considered Level III. Fair value measurements are also used in nonrecurring valuations performed in connection with acquisition accounting and impairment testing. These nonrecurring valuations primarily include the valuation of program rights, goodwill, intangible assets and property and equipment. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level III of the fair value hierarchy. Credit Facility Debt and Senior Notes The fair values of each of the Company's debt instruments are based on quoted market prices for the same or similar issues or on the current rates offered to the Company for instruments of the same remaining maturities. The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows: (In thousands) September 30, 2023 Carrying Estimated Debt instruments: Term loan A facility $ 610,362 $ 585,141 5.00% Notes due April 2024 399,463 393,000 4.75% Notes due August 2025 795,796 738,000 4.25% Notes due February 2029 987,658 616,250 $ 2,793,279 $ 2,332,391 (In thousands) December 31, 2022 Carrying Estimated Debt instruments: Term loan A facility $ 633,486 $ 615,600 5.00% Notes due April 2024 398,687 375,348 4.75% Notes due August 2025 794,171 607,000 4.25% Notes due February 2029 986,109 620,818 $ 2,812,453 $ 2,218,766 Fair value estimates related to the Company's debt instruments presented above are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgments and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Foreign Currency Exchange Rate Risk We are exposed to foreign currency risk to the extent that we enter into transactions denominated in currencies other than one of our subsidiaries' respective functional currencies (non-functional currency risk), such as affiliation agreements, programming contracts, certain accounts payable and trade receivables (including intercompany amounts) that are denominated in a currency other than the applicable functional currency. The fair values of the Company's derivative financial instruments included in the condensed consolidated balance sheets are as follows: (In thousands) Balance Sheet Location September 30, 2023 December 31, 2022 Derivatives not designated as hedging instruments: Assets: Foreign currency derivatives Prepaid expenses and other current assets $ 357 $ 141 Foreign currency derivatives Other assets 5,713 395 Liabilities: Foreign currency derivatives Accrued liabilities $ 1,694 $ 3,663 Foreign currency derivatives Current portion of program rights obligations 176 82 Foreign currency derivatives Other liabilities 1,743 5,220 The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows: (In thousands) Location of Gain or (Loss) Recognized in Earnings on Derivatives Amount of Gain or (Loss) Recognized in Earnings on Derivatives Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Foreign currency derivatives Miscellaneous, net $ (736) $ (2,947) $ 9,077 $ (6,708)

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three and nine months ended September 30, 2023, income tax expense was $23.7 million and $82.7 million, respectively, representing an effective tax rate of 26% for both periods. The items resulting in variances from the federal statutory rate of 21% for the three and nine months ended September 30, 2023, primarily consisted of state and local income tax expense and tax expense related to non-deductible compensation. For the three and nine months ended September 30, 2022, income tax expense was $28.5 million and $103.1 million, respectively, representing an effective tax rate of 24% and 26%, respectively. The items resulting in variances from the federal statutory rate of 21% for the three and nine months ended September 30, 2022, primarily consisted of state and local income tax expense, tax expense for an increase in the valuation allowance for foreign taxes and tax expense related to non-deductible compensation. At September 30, 2023, the Company had foreign tax credit carry forwards of approximately $53.9 million, expiring on various dates from 2024 through 2033. These carryforwards have been reduced by a valuation allowance of $53.9 million as it is more likely than not that these carry forwards will not be realized. For the nine months ended September 30, 2023, $0.4 million relating to amortization of tax deductible second component goodwill was realized as a reduction in tax liability (as determined on a 'with-and-without' approach). As of September 30, 2023, approximately $198.0 million of cash and cash equivalents, previously held by foreign subsidiaries, was repatriated to the United States. Our consolidated cash and cash equivalents balance of $955.2 million, as of September 30, 2023, includes approximately $170.9 million held by foreign subsidiaries. Of this amount, approximately $60.0 million is expected to be repatriated to the United States with the remaining amount continuing to be reinvested in foreign operations. Tax expense related to the repatriated amount, as well as the expected remaining repatriation amount, has been accrued in the current period and the Company does not expect to incur any significant, additional taxes related to the remaining balance.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As of September 30, 2023, the Company's contractual obligations not reflected on the Company's condensed consolidated balance sheet increased $20.6 million, as compared to December 31, 2022, to $932.8 million. The increase was primarily driven by additional program rights commitments and the renewal of a third-party service contract, partially offset by payments for program rights. Legal Matters On August 14, 2017, Robert Kirkman, Robert Kirkman, LLC, Glen Mazzara, 44 Strong Productions, Inc., David Alpert, Circle of Confusion Productions, LLC, New Circle of Confusion Productions, Inc., Gale Anne Hurd, and Valhalla Entertainment, Inc. f/k/a Valhalla Motion Pictures, Inc. (together, the "Plaintiffs") filed a complaint in California Superior Court in connection with Plaintiffs’ rendering of services as writers and producers of the television series entitled The Walking Dead, as well as Fear the Walking Dead and/or Talking Dead, and the agreements between the parties related thereto (the "Walking Dead Litigation"). The Plaintiffs asserted that the Company had been improperly underpaying the Plaintiffs under their contracts with the Company and they asserted claims for breach of contract, breach of the implied covenant of good faith and fair dealing, inducing breach of contract, and liability for violation of Cal. Bus. & Prof. Code § 17200. The Plaintiffs sought compensatory and punitive damages and restitution. On August 8, 2019, the judge in the Walking Dead Litigation ordered a trial to resolve certain issues of contract interpretation only. Following eight days of trial in February and March 2020, on July 22, 2020, the judge issued a Statement of Decision finding in the Company's favor on all seven matters of contract interpretation before the court in this first phase trial. On January 20, 2021, the Plaintiffs filed a second amended complaint, eliminating eight named defendants and their claims under Cal. Bus. & Prof. Code § 17200. On May 5, 2021, the Plaintiffs filed a third amended complaint, repleading in part their claims for alleged breach of the implied covenant of good faith and fair dealing, inducing breach of contract, and certain breach of contract claims. On June 2, 2021, the Company filed a demurrer and motion to strike seeking to dismiss the claim for breach of the implied covenant of good faith and fair dealing and certain tort and breach of contract claims asserted in the third amended complaint. On July 27, 2021, the court granted in part and denied in part the Company's motion. On January 12, 2022, the Company filed a motion for summary adjudication of many of the remaining claims. On April 6, 2022, the court granted the Company’s summary adjudication motion in part, dismissing the Plaintiffs’ claims for breach of the implied covenant of good faith and fair dealing and inducing breach of contract. On January 26, 2023, the Plaintiffs filed a notice of appeal of the court’s post-trial, demurrer, and summary adjudication decisions. The parties entered into an agreement to resolve through confidential binding arbitration the remaining claims in the litigation (consisting mainly of ordinary course profit participation audit claims), and as a result, the court formally dismissed the case. The arbitration to resolve the two remaining claims for breach of contract was held between October 16 through October 20, 2023 and a final decision is not expected until 2024. While the ultimate outcome of this litigation is uncertain, we expect that the ultimate outcome is unlikely to have a material impact on the Company’s financial condition or results of operations. On November 14, 2022, the Plaintiffs filed a separate complaint in California Superior Court (the “MFN Litigation”) in connection with the Company’s July 16, 2021 settlement agreement with Frank Darabont (“Darabont”), Ferenc, Inc., Darkwoods Productions, Inc., and Creative Artists Agency, LLC (the “Darabont Parties”), which resolved litigations the Darabont Parties had brought in connection with Darabont's rendering services as a writer, director and producer of the television series entitled The Walking Dead and the agreement between the parties related thereto (the “Darabont Settlement”). Plaintiffs assert claims for breach of contract, alleging that the Company breached the most favored nations (“MFN”) provisions of Plaintiffs’ contracts with the Company by failing to pay them additional contingent compensation as a result of the Darabont Settlement (the “MFN Litigation”). Plaintiffs claim in the MFN Litigation that they are entitled to actual and compensatory damages in excess of $200 million. The Plaintiffs also brought a cause of action to enjoin an arbitration the Company commenced in May 2022 concerning the same dispute. On December 15, 2022, the Company removed the MFN Litigation to the United States District Court for the Central District of California. On January 13, 2023, the Company filed a motion to dismiss the MFN Litigation and informed the court that the Company had withdrawn the arbitration Plaintiffs sought to enjoin. The motion is fully briefed and awaiting decision. The court has scheduled a trial date of September 17, 2024. The Company believes that the asserted claims are without merit and will vigorously defend against them if they are not dismissed. At this time, no determination can be made as to the ultimate outcome of this litigation or the potential liability, if any, on the part of the Company. The Company is party to actions and claims arising from alleged violation of the federal Video Privacy Protection Act (the “VPPA”) and analogous state laws. In addition to certain putative class actions currently pending, the Company is facing a series of arbitration claims managed by multiple plaintiffs’ law firms. The class action complaints and the arbitration claims all allege that the Company’s use of a Meta Platforms, Inc. pixel on the websites for certain of its subscription video services, including AMC+ and Shudder, violated the privacy protection provisions of the VPPA and its state law analogues. On October 27, 2023, the Company reached a settlement in principle (which settlement is subject to court approval) with multiple plaintiffs’ law firms relating to their pending class actions alleging violations of the VPPA and analogous state laws. Although the outcome of the arbitration cannot be predicted with certainty, management does not believe that the resolution of these arbitrations will have a material adverse effect on the Company’s business or financial position or the Company’s ability to meet its financial obligations as they become due. Any potential liability is expected to be reimbursed by the Company’s insurance carriers. The Company is party to various lawsuits and claims in the ordinary course of business, including the matters described above, as well as other lawsuits and claims relating to employment, intellectual property, and privacy and data protection matters. Although the outcome of these matters cannot be predicted with certainty and while the impact of these matters on the Company's results of operations in any particular subsequent reporting period could be material, management does not believe that the resolution of these matters will have a material adverse effect on the financial position of the Company or the ability of the Company to meet its financial obligations as they become due.

Equity Plans

Equity Plans	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Equity Plans	Equity Plans During the second quarter of 2023, AMC Networks granted 1,792,097 restricted stock units ("RSUs") to certain executive officers and employees under the AMC Networks Inc. Amended and Restated 2016 Employee Stock Plan, which vest ratably over a three-year period, and 131,640 RSUs under the 2011 Stock Plan for Non-Employee Directors to non-employee directors that vested on the date of grant. In February 2023, AMC Networks granted 297,325 RSUs under the AMC Networks Inc. Amended and Restated 2016 Employee Stock Plan to its chief executive officer. The RSUs vest ratably over a three-year period. During the nine months ended September 30, 2023, 883,424 RSUs of AMC Networks Class A Common Stock previously issued to employees of the Company vested, all of which occurred during the first two quarters of 2023. On the vesting dat e, 387,675 RSUs were surrendered to the Company to cover the required statutory tax withholding obligations an d 495,749 shares of AMC Networks Class A Common Stock were issued. Units are surrendered to satisfy the employees' statutory minimu m tax withholding obligations for the applicable income and other employment tax. The units surrendered during the nine months ended September 30, 2023 h ad an aggregate value of $7.2 million , which has been reflected as a financing activity in the condensed consolidated statement of cash flows for the nine months ended September 30, 2023. The Company recorded share-based compensation expenses of $6.4 million and $19.9 million (including $0.2 million recorded as part of Restructuring and other related charges) for the three and nine months ended September 30, 2023, respectively, and $7.1 million and $23.9 million for the three and nine months ended September 30, 2022 , respectively . Share-based compensation expenses are recognized in the consolidated statements of income as part of selling, general and administrative expenses. As of September 30, 2023, there was $35.2 million of total unrecognized share-based compensation cost related to outstanding unvested share-based awards. The unrecognized compensation cost is expected to be recognized over a weighted average remaining period of approximately 2.3 years .

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Sep. 30, 2023
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests Redeemable Noncontrolling Interests In connection with the Company's previous acquisitions of New Video Channel America L.L.C (owner of the cable channel BBC America) and RLJ Entertainment, the terms of the acquisition agreements provide the noncontrolling members with a right to put all of their noncontrolling interest to subsidiaries of the Company at a future time. Since the exercise of these put rights is outside the Company's control, the noncontrolling interest in each entity is presented as a redeemable noncontrolling interest outside of stockholders' equity on the Company's consolidated balance sheet. The following tables summarize activity related to redeemable noncontrolling interest for the three and nine months ended September 30, 2023 and 2022: (In thousands) Three Months Ended September 30, 2023 June 30, 2023 $ 241,486 Net earnings 4,056 Distributions (20,142) September 30, 2023 $ 225,400 (In thousands) Three Months Ended September 30, 2022 June 30, 2022 $ 270,726 Net earnings 4,443 Distributions (2,686) September 30, 2022 $ 272,483 (In thousands) Nine Months Ended September 30, 2023 December 31, 2022 $ 253,669 Net earnings 17,126 Distributions (45,395) September 30, 2023 $ 225,400 (In thousands) Nine Months Ended September 30, 2022 December 31, 2021 $ 283,849 Net earnings 12,971 Distributions (24,866) Other 529 September 30, 2022 $ 272,483

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company and its related parties enter into transactions with each other in the ordinary course of business. Revenues, net from related parties amounted to $1.3 million and $1.3 million for the three months ended September 30, 2023 and 2022, respectively, and $3.9 million and $3.8 million for the nine months ended September 30, 2023 and 2022, respectively. Amounts charged to the Company, included in selling, general and administrative expenses, pursuant to transactions with its related parties amounted to $0.9 million and $3.3 million for the three months ended September 30, 2023 and 2022, respectively, and $7.5 million and $4.6 million for the nine months ended September 30, 2023 and 2022, respectively. As disclosed in Note 20 of our 2022 Form 10-K, from time to time the Company enters into arrangements with 605, LLC. James L. Dolan, the Non-Executive Chairman and a director of the Company, and his spouse, Kristin A. Dolan, the Chief Executive Officer of the Company and founder of 605, LLC, previously owned 100% of 605, LLC. Kristin A. Dolan also served as the Non-Executive Chairman of 605, LLC from February 2023 until September 13, 2023, and served as its Chief Executive Officer from its inception in 2016 until February 2023. 605, LLC provides audience measurement and data analytics services to the Company and its subsidiaries pursuant to a Master Services Agreement dated February 8, 2019 (the “Master Services Agreement"). On September 13, 2023, 605, LLC was sold to iSpot.tv, and James L. Dolan and Kristin A. Dolan now hold a minority interest in iSpot.tv. As a result, from and after September 13, 2023, 605, LLC is no longer considered to be a related party. On August 1, 2022, the Audit Committee authorized the Company to enter into a Statement of Work for Strategic Analytic Services (the “Statement of Work”) with 605, LLC under the Master Services Agreement. The fees payable to 605, LLC by the Company for these services were $10.5 million payable in five installments. The initial term of the Statement of Work ran from August 1, 2022 to December 31, 2022. The term was automatically extended to June 30, 2023 per the terms of the agreement. The Statement of Work expired by its terms on June 30, 2023. Under the Statement of Work, 605, LLC was engaged in a strategic, research, market, business and financial assessment of the Company and its business, partnering with the Company’s management team. 605, LLC utilized their expertise, including assessment of extensive real-time business intelligence and consumer research, to enable potential further acceleration of the Company’s long-term growth and value creation. Among the analytic services provided by 605, LLC were situation analysis, customer experience, data utilization, addressing the market, content strategy and overview, sales strategy, pricing analysis, customer profiles, content (by offering), marketing strategy and financial analysis.

Cash Flows

Cash Flows	9 Months Ended
	Sep. 30, 2023
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Cash Flows	Cash Flows The Company's non-cash investing and financing activities and other supplemental data are as follows: (In thousands) Nine Months Ended September 30, 2023 2022 Non-Cash Investing and Financing Activities: Operating lease additions $ 3,171 $ 7,527 Capital expenditures incurred but not yet paid 2,243 5,481 Contingent consideration for purchase of noncontrolling interests — 2,806 Supplemental Data: Cash interest paid 123,715 105,827 Income taxes paid, net 28,829 39,322

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information The Company classifies its operations into two operating segments: Domestic Operations and International and Other. These operating segments represent strategic business units that are managed separately. The Company evaluates segment performance based on several factors, of which the primary financial measure is operating segment adjusted operating income ("AOI"). The Company defines AOI as operating income (loss) before depreciation and amortization, cloud computing amortization, share-based compensation expenses or benefit, impairment and other charges (including gains or losses on sales or dispositions of businesses), restructuring and other related charges and including the Company’s proportionate share of adjusted operating income (loss) from majority-owned equity method (In thousands) Nine Months Ended September 30, 2023 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 1,013,419 $ 170,143 $ — $ 1,183,562 Content licensing and other 246,093 76,668 (6,816) 315,945 Distribution and other 1,259,512 246,811 (6,816) 1,499,507 Advertising 475,359 58,163 — 533,522 Consolidated revenues, net $ 1,734,871 $ 304,974 $ (6,816) $ 2,033,029 Operating income (loss) $ 523,645 $ 10,422 $ (134,212) $ 399,855 Share-based compensation expenses 10,133 2,500 7,038 19,671 Depreciation and amortization 35,053 13,944 30,632 79,629 Impairment and other charges 5,400 24,882 — 30,282 Restructuring and other related charges 3,940 1,642 16,955 22,537 Cloud computing amortization 15 — 6,800 6,815 Majority-owned equity investees AOI 11,019 — — 11,019 Adjusted operating income (loss) $ 589,205 $ 53,390 $ (72,787) $ 569,808 (In thousands) Nine Months Ended September 30, 2022 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 1,040,110 $ 169,879 $ — $ 1,209,989 Content licensing and other 191,473 103,513 (16,901) 278,085 Distribution and other 1,231,583 273,392 (16,901) 1,488,074 Advertising 582,451 61,500 — 643,951 Consolidated revenues, net $ 1,814,034 $ 334,892 $ (16,901) $ 2,132,025 Operating income (loss) $ 573,943 $ 39,733 $ (135,119) $ 478,557 Share-based compensation expenses 10,000 1,758 12,104 23,862 Depreciation and amortization 37,716 14,018 27,822 79,556 Cloud computing amortization 17 — 5,306 5,323 Majority-owned equity investees AOI 13,733 — — 13,733 Adjusted operating income (loss) $ 635,409 $ 55,509 $ (89,887) $ 601,031 Subscription revenues in the Domestic Operations segment include revenues related to the Company's streaming services of $142.5 million and $131.2 million for the three months ended September 30, 2023 and 2022, respectively, and $420.8 million and $362.9 million for the nine months ended September 30, 2023 and 2022, respectively. Corporate overhead costs not allocated to the segments include costs such as executive salaries and benefits and costs of maintaining corporate headquarters, facilities and common support functions. Inter-segment eliminations are primarily licensing revenues recognized between the Domestic Operations and International and Other segments. (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Inter-segment revenues Domestic Operations $ (1,825) $ (3,864) $ (6,451) $ (14,308) International and Other (17) (952) (365) (2,593) $ (1,842) $ (4,816) $ (6,816) $ (16,901) The table below summarizes revenues based on customer location: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenues United States $ 524,044 $ 569,996 $ 1,681,909 $ 1,761,430 Europe 76,332 70,041 233,817 250,112 Other 36,578 41,806 117,303 120,483 $ 636,954 $ 681,843 $ 2,033,029 $ 2,132,025 One customer within the Domestic Operations segment accounted for approximately 12% and 13% of consolidated revenues, net for the three and nine months ended September 30, 2023, respectively. For the three and nine months ended September 30, 2022, one customer within the Domestic Operations segment accounted for approximately 12% and 10%, respectively, of consolidated revenues, net. The table below summarizes property and equipment based on asset location: (In thousands) September 30, 2023 December 31, 2022 Property and equipment, net United States $ 160,796 $ 187,833 Europe 10,795 12,520 Other 1,306 1,681 $ 172,897 $ 202,034

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of AMC Networks and its subsidiaries in which a controlling financial interest is maintained or variable interest entities ("VIEs") in which the Company has determined it is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the Company's consolidated financial statements and notes thereto for the year ended December 31, 2022 contained in the Company's Annual Report on Form 10-K (our "2022 Form 10-K") filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2023.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets and the valuation and recoverability of goodwill and intangible assets.
Program Rights	For programming rights predominantly monetized individually or as a group, the Company periodically reviews the programming usefulness of licensed and owned original program rights based on several factors, including expected future revenue generation from airings on the Company's networks and streaming services and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If events or changes in circumstances indicate that the fair value of a film predominantly monetized individually or a film group is less than its unamortized cost, the Company will write off the excess to technical and operating expenses in the consolidated statements of income. Program rights with no future programming usefulness are substantively abandoned resulting in the write-off of remaining unamortized cost.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Contract with Customer, Asset and Liability	The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers. (In thousands) September 30, 2023 December 31, 2022 Balances from contracts with customers: Accounts receivable (including long-term receivables within Other assets) $ 765,333 $ 1,003,505 Contract assets, short-term (included in Prepaid expenses and other current assets) 2,364 48,594 Contract liabilities, short-term (Deferred revenue) 69,796 134,883 Contract liabilities, long-term (Deferred revenue included in Other liabilities) 181 683

Net Income per Share (Tables)

Net Income per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The following is a reconciliation between basic and diluted weighted average common shares outstanding: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Basic weighted average common shares outstanding 43,951 43,238 43,786 43,070 Effect of dilution: Restricted stock units 90 494 119 637 Diluted weighted average common shares outstanding 44,041 43,732 43,905 43,707

Restructuring and Other Relat_2

Restructuring and Other Related Charges (Tables)	9 Months Ended
	Sep. 30, 2023
Restructuring and Related Activities [Abstract]
Schedule of Summary of Accrued Restructuring Costs	The following table summarizes the restructuring and other related charges (credits) recognized by operating segment: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2023 2023 Domestic Operations $ (783) $ 3,940 International and Other (4) 1,642 Corporate / Inter-segment eliminations 11,350 16,955 Total restructuring and other related charges $ 10,563 $ 22,537 The following table summarizes the accrued restructuring and other related costs: (In thousands) Severance and Employee-Related Costs Content Impairments and Other Exit Costs Total Balance at December 31, 2022 $ 37,150 $ 74,724 $ 111,874 Charges (credits), net 13,444 9,093 22,537 Cash payments (40,285) (61,305) (101,590) Non-cash adjustments — (11,916) (11,916) Other (56) 1,481 1,425 Balance at September 30, 2023 $ 10,253 $ 12,077 $ 22,330

Program Rights (Tables)

Program Rights (Tables)	9 Months Ended
	Sep. 30, 2023
Film, Disclosures [Abstract]
Schedule of Program Rights by Predominant Monetization Strategy	Total capitalized produced and licensed content by predominant monetization strategy is as follows: September 30, 2023 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights, net: Completed $ 198,647 $ 537,260 $ 735,907 In-production and in-development — 284,783 284,783 Total owned original program rights, net $ 198,647 $ 822,043 $ 1,020,690 Licensed program rights, net: Licensed film and acquired series $ 1,276 $ 570,027 $ 571,303 Licensed originals 2,084 134,300 136,384 Advances and content versioning costs — 91,150 91,150 Total licensed program rights, net 3,360 795,477 798,837 Program rights, net $ 202,007 $ 1,617,520 $ 1,819,527 Current portion of program rights, net $ 11,978 Program rights, net (long-term) 1,807,549 $ 1,819,527 December 31, 2022 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights, net: Completed $ 215,496 $ 322,248 $ 537,744 In-production and in-development 45,098 294,086 339,184 Total owned original program rights, net $ 260,594 $ 616,334 $ 876,928 Licensed program rights, net: Licensed film and acquired series $ 3,092 $ 642,768 $ 645,860 Licensed originals 5,373 171,418 176,791 Advances and content versioning costs — 74,167 74,167 Total licensed program rights, net 8,465 888,353 896,818 Program rights, net $ 269,059 $ 1,504,687 $ 1,773,746 Current portion of program rights, net $ 10,807 Program rights, net (long-term) 1,762,939 $ 1,773,746
Schedule of Amortization of Owned and Licensed Program Rights	Amortization of owned and licensed program rights, included in Technical and operating expenses in the condensed consolidated statements of income, is as follows: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights $ 21,116 $ 63,800 $ 84,916 $ 101,947 $ 165,547 $ 267,494 Licensed program rights 485 110,898 111,383 2,620 356,571 359,191 Program rights amortization $ 21,601 $ 174,698 $ 196,299 $ 104,567 $ 522,118 $ 626,685 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights $ 33,728 $ 35,534 $ 69,262 $ 128,072 $ 82,850 $ 210,922 Licensed program rights 12,597 131,350 143,947 29,838 369,339 399,177 Program rights amortization $ 46,325 $ 166,884 $ 213,209 $ 157,910 $ 452,189 $ 610,099

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The carrying amount of goodwill, by operating segment is as follows: (In thousands) Domestic Operations International Total December 31, 2022 $ 349,292 $ 294,127 $ 643,419 Impairment charge — (1,877) (1,877) Amortization of "second component" goodwill (560) — (560) Foreign currency translation — (839) (839) September 30, 2023 $ 348,732 $ 291,411 $ 640,143
Schedule of Finite-Lived Intangible Assets	The following tables summarize information relating to the Company's identifiable intangible assets: (In thousands) September 30, 2023 Gross Accumulated Amortization Net Estimated Useful Lives Amortizable intangible assets: Affiliate and customer relationships $ 633,525 $ (410,571) $ 222,954 6 to 25 years Advertiser relationships 46,282 (37,598) 8,684 11 years Trade names and other amortizable intangible assets 105,441 (56,216) 49,225 3 to 20 years Total amortizable intangible assets 785,248 (504,385) 280,863 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 805,148 $ (504,385) $ 300,763 (In thousands) December 31, 2022 Gross Accumulated Amortization Net Amortizable intangible assets: Affiliate and customer relationships $ 634,000 $ (373,240) $ 260,760 Advertiser relationships 46,282 (34,443) 11,839 Trade names and other amortizable intangible assets 105,338 (43,161) 62,177 Total amortizable intangible assets 785,620 (450,844) 334,776 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 805,520 $ (450,844) $ 354,676
Schedule of Indefinite-Lived Intangible Assets	The following tables summarize information relating to the Company's identifiable intangible assets: (In thousands) September 30, 2023 Gross Accumulated Amortization Net Estimated Useful Lives Amortizable intangible assets: Affiliate and customer relationships $ 633,525 $ (410,571) $ 222,954 6 to 25 years Advertiser relationships 46,282 (37,598) 8,684 11 years Trade names and other amortizable intangible assets 105,441 (56,216) 49,225 3 to 20 years Total amortizable intangible assets 785,248 (504,385) 280,863 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 805,148 $ (504,385) $ 300,763 (In thousands) December 31, 2022 Gross Accumulated Amortization Net Amortizable intangible assets: Affiliate and customer relationships $ 634,000 $ (373,240) $ 260,760 Advertiser relationships 46,282 (34,443) 11,839 Trade names and other amortizable intangible assets 105,338 (43,161) 62,177 Total amortizable intangible assets 785,620 (450,844) 334,776 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 805,520 $ (450,844) $ 354,676
Schedule of Estimated Amortization Expense	Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is: (In thousands) Years Ending December 31, 2023 $ 40,454 2024 39,128 2025 37,420 2026 33,076 2027 28,272

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following: (In thousands) September 30, 2023 December 31, 2022 Employee related costs $ 81,235 $ 97,362 Participations and residuals 152,030 138,384 Interest 22,006 37,105 Restructuring and other related charges 20,055 107,998 Other accrued expenses 98,077 38,216 Total accrued liabilities $ 373,403 $ 419,065

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	The Company's long-term debt consists of the following: (In thousands) September 30, 2023 December 31, 2022 Senior Secured Credit Facility: (a) Term Loan A Facility $ 615,938 $ 641,250 Senior Notes: 5.00% Notes due April 2024 400,000 400,000 4.75% Notes due August 2025 800,000 800,000 4.25% Notes due February 2029 1,000,000 1,000,000 Total long-term debt 2,815,938 2,841,250 Unamortized discount (15,246) (18,718) Unamortized deferred financing costs (7,413) (10,079) Long-term debt, net 2,793,279 2,812,453 Current portion of long-term debt 459,063 33,750 Noncurrent portion of long-term debt $ 2,334,216 $ 2,778,703

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Schedule of Summary of Leases Included in the Consolidated Balance Sheets	The following table summarizes the leases included in the condensed consolidated balance sheets as follows: (In thousands) Balance Sheet Location September 30, 2023 December 31, 2022 Assets Operating Operating lease right-of-use assets $ 81,783 $ 108,229 Finance Property and equipment, net 10,159 10,982 Total lease assets $ 91,942 $ 119,211 Liabilities Current: Operating Current portion of lease obligations $ 32,313 $ 32,207 Finance Current portion of lease obligations 4,509 4,204 $ 36,822 $ 36,411 Noncurrent: Operating Lease obligations $ 83,551 $ 105,768 Finance Lease obligations 15,565 19,031 $ 99,116 $ 124,799 Total lease liabilities $ 135,938 $ 161,210

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents for each of these hierarchy levels, the Company's financial assets and liabilities that are measured at fair value on a recurring basis at September 30, 2023 and December 31, 2022: (In thousands) Level I Level II Level III Total At September 30, 2023: Assets Cash equivalents $ 89,539 $ — $ — $ 89,539 Foreign currency derivatives — 6,070 — 6,070 Liabilities Foreign currency derivatives — 3,613 — 3,613 At December 31, 2022: Assets Cash equivalents $ 80,000 $ — $ — $ 80,000 Foreign currency derivatives — 536 — 536 Liabilities Foreign currency derivatives — 8,965 — 8,965
Schedule of Carrying Values and Fair Values of the Company's Financial Instruments	The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows: (In thousands) September 30, 2023 Carrying Estimated Debt instruments: Term loan A facility $ 610,362 $ 585,141 5.00% Notes due April 2024 399,463 393,000 4.75% Notes due August 2025 795,796 738,000 4.25% Notes due February 2029 987,658 616,250 $ 2,793,279 $ 2,332,391 (In thousands) December 31, 2022 Carrying Estimated Debt instruments: Term loan A facility $ 633,486 $ 615,600 5.00% Notes due April 2024 398,687 375,348 4.75% Notes due August 2025 794,171 607,000 4.25% Notes due February 2029 986,109 620,818 $ 2,812,453 $ 2,218,766

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments Included in Balance Sheets	The fair values of the Company's derivative financial instruments included in the condensed consolidated balance sheets are as follows: (In thousands) Balance Sheet Location September 30, 2023 December 31, 2022 Derivatives not designated as hedging instruments: Assets: Foreign currency derivatives Prepaid expenses and other current assets $ 357 $ 141 Foreign currency derivatives Other assets 5,713 395 Liabilities: Foreign currency derivatives Accrued liabilities $ 1,694 $ 3,663 Foreign currency derivatives Current portion of program rights obligations 176 82 Foreign currency derivatives Other liabilities 1,743 5,220
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows: (In thousands) Location of Gain or (Loss) Recognized in Earnings on Derivatives Amount of Gain or (Loss) Recognized in Earnings on Derivatives Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Foreign currency derivatives Miscellaneous, net $ (736) $ (2,947) $ 9,077 $ (6,708)

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	9 Months Ended
	Sep. 30, 2023
Noncontrolling Interest [Abstract]
Schedule of Redeemable Noncontrolling Interest	The following tables summarize activity related to redeemable noncontrolling interest for the three and nine months ended September 30, 2023 and 2022: (In thousands) Three Months Ended September 30, 2023 June 30, 2023 $ 241,486 Net earnings 4,056 Distributions (20,142) September 30, 2023 $ 225,400 (In thousands) Three Months Ended September 30, 2022 June 30, 2022 $ 270,726 Net earnings 4,443 Distributions (2,686) September 30, 2022 $ 272,483 (In thousands) Nine Months Ended September 30, 2023 December 31, 2022 $ 253,669 Net earnings 17,126 Distributions (45,395) September 30, 2023 $ 225,400 (In thousands) Nine Months Ended September 30, 2022 December 31, 2021 $ 283,849 Net earnings 12,971 Distributions (24,866) Other 529 September 30, 2022 $ 272,483

Cash Flows (Tables)

Cash Flows (Tables)	9 Months Ended
	Sep. 30, 2023
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Schedule of Summary of Non-Cash Activities and Other Supplemental Data	The Company's non-cash investing and financing activities and other supplemental data are as follows: (In thousands) Nine Months Ended September 30, 2023 2022 Non-Cash Investing and Financing Activities: Operating lease additions $ 3,171 $ 7,527 Capital expenditures incurred but not yet paid 2,243 5,481 Contingent consideration for purchase of noncontrolling interests — 2,806 Supplemental Data: Cash interest paid 123,715 105,827 Income taxes paid, net 28,829 39,322

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Summary of Continuing Operations by Reportable Segment	The Company has presented the components that reconcile adjusted operating income to operating income, and other information as to the continuing operations of the Company's operating segments below. (In thousands) Three Months Ended September 30, 2023 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 332,135 $ 56,173 $ — $ 388,308 Content licensing and other 61,916 22,150 (1,842) 82,224 Distribution and other 394,051 78,323 (1,842) 470,532 Advertising 147,147 19,275 — 166,422 Consolidated revenues, net $ 541,198 $ 97,598 $ (1,842) $ 636,954 Operating income (loss) $ 161,627 $ 7,985 $ (48,762) $ 120,850 Share-based compensation expenses 3,494 815 2,069 6,378 Depreciation and amortization 11,536 4,271 12,202 28,009 Impairment and other charges 5,400 — — 5,400 Restructuring and other related charges (credits) (783) (4) 11,350 10,563 Cloud computing amortization 5 — 2,331 2,336 Majority-owned equity investees AOI 3,732 — — 3,732 Adjusted operating income (loss) $ 185,011 $ 13,067 $ (20,810) $ 177,268 (In thousands) Three Months Ended September 30, 2022 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 349,338 $ 52,765 $ — $ 402,103 Content licensing and other 57,793 29,124 (4,816) 82,101 Distribution and other 407,131 81,889 (4,816) 484,204 Advertising 180,258 17,381 — 197,639 Consolidated revenues, net $ 587,389 $ 99,270 $ (4,816) $ 681,843 Operating income (loss) $ 186,609 $ 8,291 $ (44,223) $ 150,677 Share-based compensation expenses 3,155 537 3,358 7,050 Depreciation and amortization 12,141 4,482 13,112 29,735 Cloud computing amortization 5 — 2,047 2,052 Majority-owned equity investees AOI 4,791 — — 4,791 Adjusted operating income (loss) $ 206,701 $ 13,310 $ (25,706) $ 194,305 (In thousands) Nine Months Ended September 30, 2023 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 1,013,419 $ 170,143 $ — $ 1,183,562 Content licensing and other 246,093 76,668 (6,816) 315,945 Distribution and other 1,259,512 246,811 (6,816) 1,499,507 Advertising 475,359 58,163 — 533,522 Consolidated revenues, net $ 1,734,871 $ 304,974 $ (6,816) $ 2,033,029 Operating income (loss) $ 523,645 $ 10,422 $ (134,212) $ 399,855 Share-based compensation expenses 10,133 2,500 7,038 19,671 Depreciation and amortization 35,053 13,944 30,632 79,629 Impairment and other charges 5,400 24,882 — 30,282 Restructuring and other related charges 3,940 1,642 16,955 22,537 Cloud computing amortization 15 — 6,800 6,815 Majority-owned equity investees AOI 11,019 — — 11,019 Adjusted operating income (loss) $ 589,205 $ 53,390 $ (72,787) $ 569,808 (In thousands) Nine Months Ended September 30, 2022 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 1,040,110 $ 169,879 $ — $ 1,209,989 Content licensing and other 191,473 103,513 (16,901) 278,085 Distribution and other 1,231,583 273,392 (16,901) 1,488,074 Advertising 582,451 61,500 — 643,951 Consolidated revenues, net $ 1,814,034 $ 334,892 $ (16,901) $ 2,132,025 Operating income (loss) $ 573,943 $ 39,733 $ (135,119) $ 478,557 Share-based compensation expenses 10,000 1,758 12,104 23,862 Depreciation and amortization 37,716 14,018 27,822 79,556 Cloud computing amortization 17 — 5,306 5,323 Majority-owned equity investees AOI 13,733 — — 13,733 Adjusted operating income (loss) $ 635,409 $ 55,509 $ (89,887) $ 601,031
Schedule of Summary of Inter-Segment Eliminations	Inter-segment eliminations are primarily licensing revenues recognized between the Domestic Operations and International and Other segments. (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Inter-segment revenues Domestic Operations $ (1,825) $ (3,864) $ (6,451) $ (14,308) International and Other (17) (952) (365) (2,593) $ (1,842) $ (4,816) $ (6,816) $ (16,901)
Schedule of Revenue by Geographic Area	The table below summarizes revenues based on customer location: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenues United States $ 524,044 $ 569,996 $ 1,681,909 $ 1,761,430 Europe 76,332 70,041 233,817 250,112 Other 36,578 41,806 117,303 120,483 $ 636,954 $ 681,843 $ 2,033,029 $ 2,132,025
Schedule of Disclosure on Geographic Areas, Long-Lived Assets	The table below summarizes property and equipment based on asset location: (In thousands) September 30, 2023 December 31, 2022 Property and equipment, net United States $ 160,796 $ 187,833 Europe 10,795 12,520 Other 1,306 1,681 $ 172,897 $ 202,034

Description of Business and B_3

Description of Business and Basis of Presentation (Details)	9 Months Ended
	Sep. 30, 2023 segment network
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments | segment	2
Number of national programming networks | network	5

Revenue Recognition (Contract w

Revenue Recognition (Contract with Customer, Asset and Liability) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Accounts receivable (including long-term receivables within Other assets)	$ 765,333	$ 1,003,505
Contract assets, short-term (included in Prepaid expenses and other current assets)	2,364	48,594
Contract liabilities, short-term (Deferred revenue)	69,796	134,883
Contract liabilities, long-term (Deferred revenue included in Other liabilities)	$ 181	$ 683

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	1 Months Ended	9 Months Ended
	Oct. 31, 2023	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue recognized		$ 102,600,000	$ 63,100,000
Subsequent Event
Disaggregation of Revenue [Line Items]
Maximum limit of unpaid customer receivables	$ 125,000,000

Net Income per Share (Reconcili

Net Income per Share (Reconciliation Between Basic and Diluted Weighted Average Shares Outstanding) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic weighted average common shares outstanding (in shares)	43,951	43,238	43,786	43,070
Effect of dilution:
Diluted weighted average common shares outstanding (in shares)	44,041	43,732	43,905	43,707
Restricted stock units
Effect of dilution:
Effect of dilution (in shares)	90	494	119	637

Net Income per Share (Narrative

Net Income per Share (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)			1,900,000	900,000
Amount authorized under stock repurchase program	$ 1,500,000,000		$ 1,500,000,000
Available for repurchase under the stock repurchase program	$ 135,300,000		$ 135,300,000
Class A Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of shares repurchased (in shares)	0	0	0	0

Restructuring and Other Relat_3

Restructuring and Other Related Charges (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Impairment charges	$ 11,600,000
Operating lease impairment charge	9,100,000
Operating lease right-of use assets	2,500,000
Restructuring and other related charges	10,563,000	$ 0	$ 22,537,000	$ 0
Accrued restructuring costs	22,330,000		22,330,000		$ 111,874,000
Accrued liabilities
Restructuring Cost and Reserve [Line Items]
Accrued restructuring costs	20,100,000		20,100,000		108,000,000
Other Noncurrent Liabilities
Restructuring Cost and Reserve [Line Items]
Accrued restructuring costs	2,200,000		2,200,000		$ 3,900,000
2022 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges	$ 10,600,000		$ 22,500,000

Restructuring and Other Relat_4

Restructuring and Other Related Charges (Restructuring and Related Costs) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Total restructuring and other related charges	$ 10,563,000	$ 0	$ 22,537,000	$ 0
Operating Segments | Domestic Operations
Restructuring Cost and Reserve [Line Items]
Total restructuring and other related charges	(783,000)		3,940,000
Operating Segments | International and Other
Restructuring Cost and Reserve [Line Items]
Total restructuring and other related charges	(4,000)		1,642,000
Corporate / Inter-segment eliminations
Restructuring Cost and Reserve [Line Items]
Total restructuring and other related charges	$ 11,350,000		$ 16,955,000

Restructuring and Other Relat_5

Restructuring and Other Related Charges (Summary of Accrued Restructuring and Other Related Costs) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Restructuring Reserve [Roll Forward]
Beginning Balance			$ 111,874,000
Charges (credits), net	$ 10,563,000	$ 0	22,537,000	$ 0
Cash payments			(101,590,000)
Non-cash adjustments	(11,916,000)
Other			1,425,000
Ending Balance	22,330,000		22,330,000
Severance and Employee-Related Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			37,150,000
Charges (credits), net			13,444,000
Cash payments			(40,285,000)
Non-cash adjustments	0
Other			(56,000)
Ending Balance	10,253,000		10,253,000
Content Impairments and Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			74,724,000
Charges (credits), net			9,093,000
Cash payments			(61,305,000)
Non-cash adjustments	(11,916,000)
Other			1,481,000
Ending Balance	$ 12,077,000		$ 12,077,000

Program Rights (Program Rights

Program Rights (Program Rights by Predominant Monetization Strategy) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Predominantly Monetized Individually
Completed	$ 198,647	$ 215,496
In-production and in-development	0	45,098
Total owned original program rights, net	198,647	260,594
Licensed film and acquired series	1,276	3,092
Licensed originals	2,084	5,373
Advances and content versioning costs	0	0
Total licensed program rights, net	3,360	8,465
Program rights, net	202,007	269,059
Predominantly Monetized as a Group
Completed	537,260	322,248
In-production and in-development	284,783	294,086
Total owned original program rights, net	822,043	616,334
Licensed film and acquired series	570,027	642,768
Licensed originals	134,300	171,418
Advances and content versioning costs	91,150	74,167
Total licensed program rights, net	795,477	888,353
Program rights, net	1,617,520	1,504,687
Total
Completed	735,907	537,744
In-production and in-development	284,783	339,184
Total owned original program rights, net	1,020,690	876,928
Licensed film and acquired series	571,303	645,860
Licensed originals	136,384	176,791
Advances and content versioning costs	91,150	74,167
Total licensed program rights, net	798,837	896,818
Program rights, net	1,819,527	1,773,746
Current portion of program rights, net	11,978	10,807
Program rights, net (long-term)	$ 1,807,549	$ 1,762,939

Program Rights (Amortization of

Program Rights (Amortization of Owned and Licensed Program Rights) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Owned original program rights
Predominantly Monetized Individually	$ 21,116	$ 33,728	$ 101,947	$ 128,072
Predominantly Monetized as a Group	63,800	35,534	165,547	82,850
Total	84,916	69,262	267,494	210,922
Licensed program rights
Predominantly Monetized Individually	485	12,597	2,620	29,838
Predominantly Monetized as a Group	110,898	131,350	356,571	369,339
Total	111,383	143,947	359,191	399,177
Predominantly Monetized Individually	21,601	46,325	104,567	157,910
Predominantly Monetized as a Group	174,698	166,884	522,118	452,189
Total	$ 196,299	$ 213,209	$ 626,685	$ 610,099

Program Rights (Narrative) (Det

Program Rights (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Film Disclosure [Line Items]
Program rights write-offs	$ 0	$ 0	$ 0	$ 0
Prepaid expenses and other current assets
Film Disclosure [Line Items]
Income tax receivable, program rights			191.7		$ 143.1
Other noncurrent assets
Film Disclosure [Line Items]
Income tax receivable, program rights			$ 84.6		$ 104.5

Investments (Details)

Investments (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Investments [Abstract]
Equity method investments		$ 82,700,000		$ 82,700,000		$ 79,600,000
Investments in marketable equity securities		0		0		0
Gain (loss) on marketable equity securities		0	$ 0	0	$ 4,100,000
Proceeds from sale of marketable equity security	$ 9,900,000
Investments in non-marketable equity securities		41,300,000		41,300,000		$ 42,700,000
Gain on non-marketable equity securities		0	0		0
Loss on non-marketable equity securities		$ 0	$ 0		$ 0
Impairment charge on non-marketable equity security				$ 1,700,000

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2023	Sep. 30, 2023
Goodwill [Roll Forward]
Beginning balance		$ 643,419
Impairment charge		(1,877)
Amortization of "second component" goodwill		(560)
Foreign currency translation		(839)
Ending balance		640,143
Domestic Operations
Goodwill [Roll Forward]
Beginning balance		349,292
Impairment charge		0
Amortization of "second component" goodwill		(560)
Foreign currency translation		0
Ending balance		348,732
International and Other
Goodwill [Roll Forward]
Beginning balance		294,127
Impairment charge	$ (1,900)	(1,877)
Amortization of "second component" goodwill		0
Foreign currency translation		(839)
Ending balance		$ 291,411

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Impairment charge				$ 1,877
Reduction in carrying amount of goodwill				560
Aggregate amortization expense for amortizable intangible assets	$ 9,800		$ 10,200	30,700	$ 31,200
Impairment and other charges		$ 23,000
International and Other
Finite-Lived Intangible Assets [Line Items]
Accumulated impairment charges	$ 165,700			165,700		$ 163,800
Impairment charge		$ 1,900		1,877
Reduction in carrying amount of goodwill				0
Domestic Operations
Finite-Lived Intangible Assets [Line Items]
Impairment charge				0
Reduction in carrying amount of goodwill				$ 560

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of Finite and Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross	$ 785,248	$ 785,620
Accumulated Amortization	(504,385)	(450,844)
Net	280,863	334,776
Trademarks	19,900	19,900
Total intangible assets, gross	805,148	805,520
Total intangible assets, net	300,763	354,676
Affiliate and customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	633,525	634,000
Accumulated Amortization	(410,571)	(373,240)
Net	$ 222,954	260,760
Affiliate and customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	6 years
Affiliate and customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	25 years
Advertiser relationships
Finite-Lived Intangible Assets [Line Items]
Gross	$ 46,282	46,282
Accumulated Amortization	(37,598)	(34,443)
Net	$ 8,684	11,839
Estimated useful lives (in years)	11 years
Trade names and other amortizable intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross	$ 105,441	105,338
Accumulated Amortization	(56,216)	(43,161)
Net	$ 49,225	$ 62,177
Trade names and other amortizable intangible assets | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	3 years
Trade names and other amortizable intangible assets | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	20 years

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of Estimated Amortization Expense) (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 40,454
2024	39,128
2025	37,420
2026	33,076
2027	$ 28,272

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
Employee related costs	$ 81,235	$ 97,362
Participations and residuals	152,030	138,384
Interest	22,006	37,105
Restructuring and other related charges	20,055	107,998
Other accrued expenses	98,077	38,216
Total accrued liabilities	$ 373,403	$ 419,065

Long-term Debt (Summary of Long

Long-term Debt (Summary of Long-Term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt	$ 2,815,938	$ 2,841,250
Unamortized discount	(15,246)	(18,718)
Unamortized deferred financing costs	(7,413)	(10,079)
Long-term debt, net	2,793,279	2,812,453
Current portion of long-term debt	459,063	33,750
Noncurrent portion of long-term debt	$ 2,334,216	$ 2,778,703
Senior Notes | 5.00% Notes due April 2024
Debt Instrument [Line Items]
Interest rate	5%	5%
Long-term debt	$ 400,000	$ 400,000
Senior Notes | 4.75% Notes due August 2025
Debt Instrument [Line Items]
Interest rate	4.75%	4.75%
Long-term debt	$ 800,000	$ 800,000
Senior Notes | 4.25% Notes due February 2029
Debt Instrument [Line Items]
Interest rate	4.25%	4.25%
Long-term debt	$ 1,000,000	$ 1,000,000
Secured debt | Term Loan A Facility
Debt Instrument [Line Items]
Long-term debt	$ 615,938	$ 641,250

Long-term Debt (Narrative) (Det

Long-term Debt (Narrative) (Details)		1 Months Ended	3 Months Ended	9 Months Ended
	Nov. 03, 2023 USD ($)	Apr. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Long-term debt				$ 2,815,938,000		$ 2,841,250,000
Revolving credit facility | Credit facilities | Majority owned subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 4,500,000
Basis spread			3.50%
Line of credit				0
Revolving credit facility | Prime rate | Credit facilities | Majority owned subsidiary
Debt Instrument [Line Items]
Basis spread			1%
Term Loan A Facility | Credit facilities
Debt Instrument [Line Items]
Unamortized deferred costs written off		$ 600,000
Term Loan A Facility | Secured debt
Debt Instrument [Line Items]
Repayment of line of credit				25,300,000
Line of credit facility, maximum borrowing capacity		400,000,000			$ 500,000,000
Debt instrument, covenant, debt basket, maximum		$ 1,200,000,000
Debt instrument, covenant, leverage ratio		3
Long-term debt				615,938,000		641,250,000
5.00% Notes due April 2024 | Senior Notes
Debt Instrument [Line Items]
Long-term debt				$ 400,000,000		$ 400,000,000
Interest rate				5%		5%
5.00% Notes due April 2024 | Senior Notes | Subsequent Event
Debt Instrument [Line Items]
Long-term debt	$ 400,000,000
Interest rate	5%
Redemption price (as a percentage)	100%

Leases (Summary of Lease Assets

Leases (Summary of Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease asset	$ 81,783	$ 108,229
Finance lease asset	10,159	10,982
Total lease assets	91,942	119,211
Operating lease liability, current	32,313	32,207
Finance lease liability, current	4,509	4,204
Total lease liabilities, current	36,822	36,411
Operating lease liability, noncurrent	83,551	105,768
Finance lease liability, noncurrent	15,565	19,031
Total lease liabilities, noncurrent	99,116	124,799
Total lease liabilities	$ 135,938	$ 161,210
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property and equipment, net of accumulated depreciation of $390,887 and $344,906	Property and equipment, net of accumulated depreciation of $390,887 and $344,906
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Operating and Finance Lease, Liability, Current	Operating and Finance Lease, Liability, Current
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Operating and Finance Lease, Liability, Current	Operating and Finance Lease, Liability, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total lease liabilities, noncurrent	Total lease liabilities, noncurrent
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total lease liabilities, noncurrent	Total lease liabilities, noncurrent

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Millions	3 Months Ended
	Sep. 30, 2023 USD ($)
Leases [Abstract]
Operating lease impairment charge	$ 9.1

Fair Value Measurement (Financi

Fair Value Measurement (Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash equivalents	$ 89,539	$ 80,000
Foreign currency derivatives
Assets
Foreign currency derivatives	6,070	536
Liabilities
Foreign currency derivatives	3,613	8,965
Level I
Assets
Cash equivalents	89,539	80,000
Level I | Foreign currency derivatives
Assets
Foreign currency derivatives	0	0
Liabilities
Foreign currency derivatives	0	0
Level II
Assets
Cash equivalents	0	0
Level II | Foreign currency derivatives
Assets
Foreign currency derivatives	6,070	536
Liabilities
Foreign currency derivatives	3,613	8,965
Level III
Assets
Cash equivalents	0	0
Level III | Foreign currency derivatives
Assets
Foreign currency derivatives	0	0
Liabilities
Foreign currency derivatives	$ 0	$ 0

Fair Value Measurement (Carryin

Fair Value Measurement (Carrying Values and Fair Values of the Company's Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
5.00% Notes due April 2024 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	5%	5%
4.75% Notes due August 2025 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.75%	4.75%
4.25% Notes due February 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.25%	4.25%
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,793,279	$ 2,812,453
Carrying Amount | Term loan A facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	610,362	633,486
Carrying Amount | 5.00% Notes due April 2024 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	399,463	398,687
Carrying Amount | 4.75% Notes due August 2025 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	795,796	794,171
Carrying Amount | 4.25% Notes due February 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	987,658	986,109
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	2,332,391	2,218,766
Estimated Fair Value | Term loan A facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	585,141	615,600
Estimated Fair Value | 5.00% Notes due April 2024 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	393,000	375,348
Estimated Fair Value | 4.75% Notes due August 2025 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	738,000	607,000
Estimated Fair Value | 4.25% Notes due February 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 616,250	$ 620,818

Derivative Financial Instrume_3

Derivative Financial Instruments (Fair Value of Derivative Instruments Included in Balance Sheets) (Details) - Derivatives not designated as hedging instruments - Foreign currency derivatives - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Prepaid expenses and other current assets
Derivatives not designated as hedging instruments:
Foreign currency derivative assets	$ 357	$ 141
Other assets
Derivatives not designated as hedging instruments:
Foreign currency derivative assets	5,713	395
Accrued liabilities
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	1,694	3,663
Current portion of program rights obligations
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	176	82
Other liabilities
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	$ 1,743	$ 5,220

Derivative Financial Instrume_4

Derivative Financial Instruments (Schedule of Other Derivatives Not Designated as Hedging Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Foreign currency derivatives | Miscellaneous, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	$ (736)	$ (2,947)	$ 9,077	$ (6,708)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Income Tax Contingency [Line Items]
Income tax expense	$ 23,671	$ 28,456	$ 82,725	$ 103,118
Effective tax rate	26%	24%	26%	26%
Second component of tax deductible goodwill, net of tax	$ 400		$ 400
Foreign earnings repatriated			198,000
Cash and cash equivalents	955,187		955,187		$ 930,002
Foreign subsidiaries	170,900		170,900
Foreign earnings expected to be repatriated			60,000
Foreign Tax Authority
Income Tax Contingency [Line Items]
Tax credit carryforward, amount	53,900		53,900
Valuation allowance	$ 53,900		$ 53,900

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions		9 Months Ended
	Nov. 14, 2022 USD ($)	Sep. 30, 2023 USD ($)	Jan. 20, 2021 defendant	Jul. 22, 2020 legal_matter
Loss Contingencies [Line Items]
Increase in contractual obligations not reflected in the balance sheet		$ 20.6
Contractual obligation		$ 932.8
California Action
Loss Contingencies [Line Items]
Number of legal matters | legal_matter				7
Number of defendants eliminated | defendant			8
MFN Litigation
Loss Contingencies [Line Items]
Claim for damages	$ 200

Equity Plans (Details)

Equity Plans (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended			9 Months Ended
	Feb. 28, 2023	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, decrease for tax withholding obligation					$ 7,200
Share-based payment arrangement, noncash expense including restructuring and other related charges		$ 6,400			19,900
Share-based compensation expense, related to restructuring and other related charges		6,378		$ 7,050	19,671	$ 23,862
Total unrecognized share-based compensation costs		35,200			$ 35,200
Total unrecognized share-based compensation costs, remaining period of recognition					2 years 3 months 18 days
Restructuring Charges
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, related to restructuring and other related charges		$ 200			$ 200
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted in period (in shares)	297,325		1,792,097
Vesting period (in years)	3 years		3 years
Number of shares vested in period (in shares)			131,640
Shares surrendered to the company for tax withholding (in shares)					387,675
RSUs | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New shares of company's class A common stock issued (in shares)					495,749
RSUs | Executive Officer | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested in period (in shares)					883,424

Noncontrolling Interests Activi

Noncontrolling Interests Activity (Redeemable Noncontrolling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	$ 241,486	$ 270,726	$ 253,669	$ 283,849
Net earnings	4,056	4,443	17,126	12,971
Distributions	(20,142)	(2,686)	(45,395)	(24,866)
Other				529
Ending balance	$ 225,400	$ 272,483	$ 225,400	$ 272,483

Related Party Transactions (Det

Related Party Transactions (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Aug. 01, 2022 USD ($) installment
Related Party Transaction [Line Items]
Net revenues from related parties	$ 636,954	$ 681,843	$ 2,033,029	$ 2,132,025
Selling, general and administrative charges from related parties	187,232	207,972	567,136	670,444
Fees payable due to related party	103,575		103,575		$ 172,009
605, LLC
Related Party Transaction [Line Items]
Related party, number of installments due | installment						5
Related Party
Related Party Transaction [Line Items]
Net revenues from related parties	1,300	1,300	3,900	3,800
Selling, general and administrative charges from related parties	$ 900	$ 3,300	$ 7,500	$ 4,600
Related Party | 605, LLC
Related Party Transaction [Line Items]
Fees payable due to related party						$ 10,500
Related Party | Director | 605, LLC
Related Party Transaction [Line Items]
Ownership percentage			100%

Cash Flows (Summary of Non-Cash

Cash Flows (Summary of Non-Cash Activities and Other Supplemental Data) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Non-Cash Investing and Financing Activities:
Operating lease additions	$ 3,171	$ 7,527
Capital expenditures incurred but not yet paid	2,243	5,481
Contingent consideration for purchase of noncontrolling interests	0	2,806
Supplemental Data:
Cash interest paid	123,715	105,827
Income taxes paid, net	$ 28,829	$ 39,322

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) segment	Sep. 30, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			2
Revenues, net	$ 636,954	$ 681,843	$ 2,033,029	$ 2,132,025
SVOD Services
Segment Reporting Information [Line Items]
Revenues, net	$ 142,500	$ 131,200	$ 420,800	$ 362,900
Customer One | Revenue Benchmark | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	12%	12%	13%	10%

Segment Information (Summary of

Segment Information (Summary of Continuing Operations by Reportable Segment) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenues, net	$ 636,954,000	$ 681,843,000	$ 2,033,029,000	$ 2,132,025,000
Operating income	120,850,000	150,677,000	399,855,000	478,557,000
Share-based compensation expenses	6,378,000	7,050,000	19,671,000	23,862,000
Depreciation and amortization	28,009,000	29,735,000	79,629,000	79,556,000
Impairment and other charges	5,400,000	0	30,282,000	0
Restructuring and other related charges	10,563,000	0	22,537,000	0
Cloud computing amortization	2,336,000	2,052,000	6,815,000	5,323,000
Majority-owned equity investees AOI	3,732,000	4,791,000	11,019,000	13,733,000
Adjusted operating income (loss)	177,268,000	194,305,000	569,808,000	601,031,000
Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	541,198,000	587,389,000	1,734,871,000	1,814,034,000
Operating income	161,627,000	186,609,000	523,645,000	573,943,000
Share-based compensation expenses	3,494,000	3,155,000	10,133,000	10,000,000
Depreciation and amortization	11,536,000	12,141,000	35,053,000	37,716,000
Impairment and other charges	5,400,000		5,400,000
Restructuring and other related charges	(783,000)		3,940,000
Cloud computing amortization	5,000	5,000	15,000	17,000
Majority-owned equity investees AOI	3,732,000	4,791,000	11,019,000	13,733,000
Adjusted operating income (loss)	185,011,000	206,701,000	589,205,000	635,409,000
Operating Segments | International and Other
Segment Reporting Information [Line Items]
Revenues, net	97,598,000	99,270,000	304,974,000	334,892,000
Operating income	7,985,000	8,291,000	10,422,000	39,733,000
Share-based compensation expenses	815,000	537,000	2,500,000	1,758,000
Depreciation and amortization	4,271,000	4,482,000	13,944,000	14,018,000
Impairment and other charges	0		24,882,000
Restructuring and other related charges	(4,000)		1,642,000
Cloud computing amortization	0	0	0	0
Majority-owned equity investees AOI	0	0	0	0
Adjusted operating income (loss)	13,067,000	13,310,000	53,390,000	55,509,000
Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	(1,842,000)	(4,816,000)	(6,816,000)	(16,901,000)
Operating income	(48,762,000)	(44,223,000)	(134,212,000)	(135,119,000)
Share-based compensation expenses	2,069,000	3,358,000	7,038,000	12,104,000
Depreciation and amortization	12,202,000	13,112,000	30,632,000	27,822,000
Impairment and other charges	0		0
Restructuring and other related charges	11,350,000		16,955,000
Cloud computing amortization	2,331,000	2,047,000	6,800,000	5,306,000
Majority-owned equity investees AOI	0	0	0	0
Adjusted operating income (loss)	(20,810,000)	(25,706,000)	(72,787,000)	(89,887,000)
Corporate / Inter-segment Eliminations | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	(1,825,000)	(3,864,000)	(6,451,000)	(14,308,000)
Corporate / Inter-segment Eliminations | International and Other
Segment Reporting Information [Line Items]
Revenues, net	(17,000)	(952,000)	(365,000)	(2,593,000)
Subscription
Segment Reporting Information [Line Items]
Revenues, net	388,308,000	402,103,000	1,183,562,000	1,209,989,000
Subscription | Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	332,135,000	349,338,000	1,013,419,000	1,040,110,000
Subscription | Operating Segments | International and Other
Segment Reporting Information [Line Items]
Revenues, net	56,173,000	52,765,000	170,143,000	169,879,000
Subscription | Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	0	0	0	0
Content licensing and other
Segment Reporting Information [Line Items]
Revenues, net	82,224,000	82,101,000	315,945,000	278,085,000
Content licensing and other | Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	61,916,000	57,793,000	246,093,000	191,473,000
Content licensing and other | Operating Segments | International and Other
Segment Reporting Information [Line Items]
Revenues, net	22,150,000	29,124,000	76,668,000	103,513,000
Content licensing and other | Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	(1,842,000)	(4,816,000)	(6,816,000)	(16,901,000)
Distribution and other
Segment Reporting Information [Line Items]
Revenues, net	470,532,000	484,204,000	1,499,507,000	1,488,074,000
Distribution and other | Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	394,051,000	407,131,000	1,259,512,000	1,231,583,000
Distribution and other | Operating Segments | International and Other
Segment Reporting Information [Line Items]
Revenues, net	78,323,000	81,889,000	246,811,000	273,392,000
Distribution and other | Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	(1,842,000)	(4,816,000)	(6,816,000)	(16,901,000)
Advertising
Segment Reporting Information [Line Items]
Revenues, net	166,422,000	197,639,000	533,522,000	643,951,000
Advertising | Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	147,147,000	180,258,000	475,359,000	582,451,000
Advertising | Operating Segments | International and Other
Segment Reporting Information [Line Items]
Revenues, net	19,275,000	17,381,000	58,163,000	61,500,000
Advertising | Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	$ 0	$ 0	$ 0	$ 0

Segment Information (Summary _2

Segment Information (Summary of Inter-Segment Eliminations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenues, net	$ 636,954	$ 681,843	$ 2,033,029	$ 2,132,025
Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	(1,842)	(4,816)	(6,816)	(16,901)
Corporate / Inter-segment Eliminations | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	(1,825)	(3,864)	(6,451)	(14,308)
Corporate / Inter-segment Eliminations | International and Other
Segment Reporting Information [Line Items]
Revenues, net	$ (17)	$ (952)	$ (365)	$ (2,593)

Segment Information (Schedule o

Segment Information (Schedule of Revenues by Geographic Location) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenues, net	$ 636,954	$ 681,843	$ 2,033,029	$ 2,132,025
United States
Segment Reporting Information [Line Items]
Revenues, net	524,044	569,996	1,681,909	1,761,430
Europe
Segment Reporting Information [Line Items]
Revenues, net	76,332	70,041	233,817	250,112
Other
Segment Reporting Information [Line Items]
Revenues, net	$ 36,578	$ 41,806	$ 117,303	$ 120,483

Segment Information (Long-lived

Segment Information (Long-lived Assets by Geographic Location) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Property and equipment, net	$ 172,897	$ 202,034
United States
Segment Reporting Information [Line Items]
Property and equipment, net	160,796	187,833
Europe
Segment Reporting Information [Line Items]
Property and equipment, net	10,795	12,520
Other
Segment Reporting Information [Line Items]
Property and equipment, net	$ 1,306	$ 1,681