CuriosityStream (CURI) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-39139
Entity Registrant Name	CURIOSITYSTREAM INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-1797523
Entity Address, Address Line One	8484 Georgia Ave
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Silver Spring
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20910
City Area Code	301
Local Phone Number	755-2050
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		54,600,316
Entity Central Index Key	0001776909
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.0001
Trading Symbol	CURI
Security Exchange Name	NASDAQ
Warrants
Document Information [Line Items]
Title of 12(b) Security	Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share
Trading Symbol	CURIW
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 39,519,000	$ 37,715,000
Restricted cash	125,000	500,000
Accounts receivable	4,606,000	4,760,000
Other current assets	1,385,000	2,315,000
Total current assets	45,635,000	45,290,000
Investments in equity method investees	4,446,000	6,354,000
Property and equipment, net	561,000	727,000
Content assets, net	36,736,000	44,943,000
Operating lease right-of-use assets	3,209,000	3,350,000
Other assets	290,000	358,000
Total assets	90,877,000	101,022,000
Current liabilities
Content liabilities	323,000	407,000
Accounts payable	2,684,000	4,765,000
Accrued expenses and other liabilities	4,482,000	3,705,000
Deferred revenue	13,499,000	14,521,000
Total current liabilities	20,988,000	23,398,000
Warrant liability	74,000	44,000
Non-current operating lease liabilities	4,090,000	4,283,000
Other liabilities	901,000	651,000
Total liabilities	26,053,000	28,376,000
Stockholders’ equity
Common stock, $0.0001 par value – 125,000 shares authorized as of June 30, 2024, and December 31, 2023; 53,767 shares issued as of June 30, 2024, including 22 treasury shares; 53,286 issued and outstanding as of December 31, 2023; 53,745 shares outstanding as of June 30, 2024.	5,000	5,000
Treasury stock	(25,961)	0
Additional paid-in capital	364,582,000	362,636,000
Accumulated deficit	(299,737,000)	(289,995,000)
Total stockholders’ equity	64,824,000	72,646,000
Total liabilities and stockholders’ equity	$ 90,877,000	$ 101,022,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	125,000,000	125,000,000
Common stock, shares issued (in shares)	53,767,000	53,286,000
Common stock, shares outstanding (in shares)	53,745,000	53,286,000
Treasury stock (in shares)	22,001

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues	$ 12,395	$ 14,097	$ 24,396	$ 26,484
Operating expenses
Cost of revenues	6,004	9,933	12,752	18,934
Advertising and marketing	2,981	4,203	6,086	7,318
General and administrative	5,959	7,980	11,761	16,039
Total operating expenses	14,944	22,116	30,599	42,291
Operating loss	(2,549)	(8,019)	(6,203)	(15,807)
Change in fair value of warrant liability	0	184	(30)	110
Interest and other income	725	437	1,164	825
Equity method investment loss	(152)	(2,235)	(1,908)	(2,454)
Loss before income taxes	(1,976)	(9,633)	(6,977)	(17,326)
Provision for income taxes	55	288	89	346
Net loss	$ (2,031)	$ (9,921)	$ (7,066)	$ (17,672)
Net loss per share
Basic (in dollars per share)	$ (0.04)	$ (0.19)	$ (0.13)	$ (0.33)
Diluted (in dollars per share)	$ (0.04)	$ (0.19)	$ (0.13)	$ (0.33)
Weighted average number of common shares outstanding
Basic (in shares)	53,613,000	53,006,000	53,455,000	52,978,000
Diluted (in Shares)	53,613,000	53,006,000	53,455,000	52,978,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (2,031)	$ (9,921)	$ (7,066)	$ (17,672)
Other comprehensive income (loss):
Unrealized gain on available for sale securities	0	0	0	40
Total comprehensive loss	$ (2,031)	$ (9,921)	$ (7,066)	$ (17,632)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Treasury Stock, Common
Beginning balance (in shares) at Dec. 31, 2022		52,853,000
Beginning balance at Dec. 31, 2022	$ 117,626	$ 5	$ 358,760	$ (40)	$ (241,099)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(7,751)				(7,751)
Stock-based compensation, net (in shares)		108,000
Stock-based compensation, net	1,242		1,242
Other comprehensive income	40			40
Ending balance (in shares) at Mar. 31, 2023		52,961,000
Ending balance at Mar. 31, 2023	111,157	$ 5	360,002		(248,850)
Beginning balance (in shares) at Dec. 31, 2022		52,853,000
Beginning balance at Dec. 31, 2022	117,626	$ 5	358,760	$ (40)	(241,099)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(17,672)
Ending balance (in shares) at Jun. 30, 2023		53,026,000
Ending balance at Jun. 30, 2023	102,626	$ 5	361,392		(258,771)
Beginning balance (in shares) at Mar. 31, 2023		52,961,000
Beginning balance at Mar. 31, 2023	111,157	$ 5	360,002		(248,850)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(9,921)				(9,921)
Stock-based compensation, net (in shares)		65,000
Stock-based compensation, net	1,390		1,390
Ending balance (in shares) at Jun. 30, 2023		53,026,000
Ending balance at Jun. 30, 2023	102,626	$ 5	361,392		(258,771)
Beginning balance (in shares) at Dec. 31, 2023		53,287,000
Beginning balance at Dec. 31, 2023	72,646	$ 5	362,636		(289,995)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(5,035)				(5,035)
Dividends declared	(1,333)				(1,333)
Stock-based compensation, net (in shares)		19,000
Stock-based compensation, net	683		683
Ending balance (in shares) at Mar. 31, 2024		53,306,000
Ending balance at Mar. 31, 2024	66,961	$ 5	363,319		(296,363)	$ 0
Ending balance (in shares) at Mar. 31, 2024						0
Beginning balance (in shares) at Dec. 31, 2023		53,287,000
Beginning balance at Dec. 31, 2023	72,646	$ 5	362,636		(289,995)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(7,066)
Ending balance (in shares) at Jun. 30, 2024		53,745,000
Ending balance at Jun. 30, 2024	$ 64,824	$ 5	364,582		(299,737)	$ (26)
Ending balance (in shares) at Jun. 30, 2024	22,001					22,000
Beginning balance (in shares) at Mar. 31, 2024		53,306,000
Beginning balance at Mar. 31, 2024	$ 66,961	$ 5	363,319		(296,363)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(2,031)				(2,031)
Dividends declared	(1,343)				(1,343)
Stock-based compensation, net (in shares)		439,000
Stock-based compensation, net	1,263		1,263
Buyback of shares (in shares)						22,000
Buyback of shares	(26)					$ (26)
Ending balance (in shares) at Jun. 30, 2024		53,745,000
Ending balance at Jun. 30, 2024	$ 64,824	$ 5	$ 364,582		$ (299,737)	$ (26)
Ending balance (in shares) at Jun. 30, 2024	22,001					22,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net loss	$ (7,066,000)	$ (17,672,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Change in fair value of warrant liability	30,000	(110,000)
Additions to content assets	(1,693,000)	(7,103,000)
Change in content liabilities	(84,000)	(1,112,000)
Amortization of content assets	9,901,000	12,317,000
Depreciation and amortization expenses	210,000	249,000
Amortization of premiums and accretion of discounts associated with investments in debt securities, net	0	26,000
Stock-based compensation	2,014,000	2,689,000
Equity method investment loss	1,908,000	2,454,000
Other non-cash items	239,000	243,000
Changes in operating assets and liabilities
Accounts receivable	154,000	1,812,000
Other assets	954,000	1,464,000
Accounts payable	(1,697,000)	(645,000)
Accrued expenses and other liabilities	(858,000)	(3,862,000)
Deferred revenue	(1,156,000)	(1,358,000)
Net cash provided by (used in) operating activities	2,856,000	(10,608,000)
Cash flows from investing activities
Purchases of property and equipment	0	(5,000)
Maturities of investments in debt securities	0	15,000,000
Net cash provided by investing activities	0	14,995,000
Cash flows from financing activities
Repurchases of common stock	(26,000)	0
Dividends paid	(1,333,000)	0
Payments related to tax withholding	(68,000)	(57,000)
Net cash used in financing activities	(1,427,000)	(57,000)
Net increase in cash, cash equivalents and restricted cash	1,429,000	4,330,000
Cash, cash equivalents and restricted cash, beginning of period	38,215,000	40,507,000
Cash, cash equivalents and restricted cash, end of period	39,644,000	44,837,000
Supplemental disclosure:
Cash paid for taxes	50,000	25,000
Cash paid for operating leases	$ 276,000	$ 269,000

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	ORGANIZATION AND BUSINESS On October 14, 2020, Software Acquisition Group Inc., a special purpose acquisition company and a Delaware corporation (“SAQN”), consummated a reverse merger pursuant to that certain Agreement and Plan of Merger, dated August 10, 2020 (the “Business Combination”). Upon the consummation of the Business Combination, CuriosityStream Operating Inc., a Delaware corporation (“Legacy CuriosityStream”) became a wholly owned subsidiary of SAQN, and the registrant changed its name from “Software Acquisition Group Inc.” to “CuriosityStream Inc.” Following the consummation of the Business Combination, Legacy CuriosityStream changed its name from “CuriosityStream Operating Inc.” to “Curiosity Inc.” The principal business of CuriosityStream Inc. (the "Company" or "CuriosityStream") is providing customers with access to high quality factual content via a direct subscription video on-demand (SVOD) platform accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via the distributor’s platform or system. The Company's online library available for streaming spans the entire category of factual entertainment including science, history, society, nature, lifestyle, and technology. The library is composed of thousands of accessible on-demand and ad-free productions and includes shows and series from leading nonfiction producers. The Company’s content assets are available for consuming directly through its owned and operated website (“O&O Consumer Service”), mobile applications developed for iOS and Android operating systems (“App Services”), and via the platforms and systems of third-party partners in exchange for license fees. The Company offers subscribers a monthly or annual subscription. The price for a subscription varies depending on the location of the subscriber, the content included (e.g., Direct Service or Smart Bundle service) and the length of the subscription (e.g., monthly or annual) selected by the customer. As an additional part of the Company’s App Services, it has built applications to make its service accessible on almost every major customer device, including streaming media players like Roku, Apple TV and Amazon Fire TV and major smart TV brands (e.g., LG, Vizio, Samsung). In addition, CuriosityStream has affiliate agreement relationships with, and its content assets are available through, certain multichannel video programming distributors (“MVPDs”) and virtual MVPDs (“vMVPDs”). The Company also has distribution agreements which grant other media companies certain distribution rights to the Company’s programs, referred to as content licensing arrangements. The Company also sells selected rights to content created before production begins.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistent in all material respects with those applied in the Company’s consolidated financial statements as of and for the year ended December 31, 2023. In the opinion of management, the unaudited consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results of operations, and cash flows. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes and Management’s Discussion and Analysis of Financial Condition, and Results of Operations included in the Annual Report on Form 10-K for the year ended December 31, 2023. The results of operations for the three and six months ended June 30, 2024, are not necessarily indicative of the results to be expected for the year ending December 31, 2024. USE OF ESTIMATES The preparation of consolidated financial statements in conformity with U.S. GAAP and the rules and regulations of the U.S Securities and Exchange Commission (the “SEC”) requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Significant items subject to such estimates include the content asset amortization, the assessment of the recoverability of content assets and equity method investments, and the determination of fair value estimates related to non-monetary transactions, share-based awards and liability classified warrants. Concentration of Risk Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, cash equivalents, investments, and accounts receivable. The Company maintains its cash and cash equivalents with high credit quality financial institutions. At times, cash balances with the financial institutions may exceed the applicable FDIC-insured limits. Accounts receivable, net are typically unsecured and are derived from revenues earned from customers, the majority of which are located in the United States. Fair Value Measurement of Financial Instruments Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The applicable accounting guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability. The accounting guidance establishes three levels of inputs that may be used to measure fair value: • Level 1 : Quoted prices in active markets for identical assets or liabilities. • Level 2 : Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 : Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company reviews the fair value hierarchy classification at each reporting period. Changes in the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The Company’s assets measured at fair value on a recurring basis have included its investments in money market funds and corporate debt securities. Level 1 inputs were derived by using unadjusted quoted prices for identical assets in active markets and were used to value the Company’s investments in money market funds and U.S. government debt securities. Level 2 inputs were derived using prices for similar investments and were used to value the Company’s investments in corporate and municipal debt securities. The Company’s liabilities measured at fair value on a recurring basis include its private placement warrants issued to Software Acquisition Holdings LLC, the Company’s former sponsor, in a private placement offering (the “Private Placement Warrants”). The fair value of the Private Placement Warrants is considered a Level 3 valuation and is determined using the Black-Scholes valuation model. Refer to Note 6 - Stockholders' Equity for significant assumptions which the Company used in the fair value model for the Private Placement Warrants. Ce rtain assets are measured at fair value on a nonrecurring basis and are subject to fair value adjustments only in certain circumstances, e.g., when there is evidence of impairment indicators. The Company’s remaining financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses and other liabilities, are carried at cost, which approximates fair value because of the short-term maturity of these instruments. RECENT ACCOUNTING PRONOUNCEMENTS The Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company, as an emerging growth company (“EGC”), to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act until such time as the Company is no longer considered to be an EGC. In November 2023, the FASB issued ASU No. 2023-07 ("ASU 2023-07"), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments’ significant expenses and other segment items on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC 280 on an interim and annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2023-07. In December 2023, the FASB issued ASU No. 2023-09 ("ASU 2023-09"), Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires public entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2023-09.

EQUITY INVESTMENTS

EQUITY INVESTMENTS	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
EQUITY INVESTMENTS	EQUITY INVESTMENTS The Company holds equity investments in Spiegel TV Geschichte und Wissen GmbH & Co. KG (the “Spiegel Venture”) and Watch Nebula LLC (“Nebula”). The Company accounts for these investments under the equity method of accounting. The Company’s carrying values for its equity method investments as of June 30, 2024, and December 31, 2023, were as follows: (in thousands) Spiegel Venture Nebula Total Balance at December 31, 2023 $ 1,736 $ 4,618 $ 6,354 Equity method investment loss (1,469) (439) (1,908) Balance at June 30, 2024 $ 267 $ 4,179 $ 4,446 SPIEGEL VENTURE In July 2021, the Company acquired a 32% ownership in the Spiegel Venture for an initial investment of $3.3 million. The Spiegel Venture, which prior to the Company’s equity purchase, was jointly owned and operated by Spiegel TV GmbH (“Spiegel TV”) and Autentic GmbH (“Autentic”), operates two documentary channels, together with an SVOD service as well as a free advertising-supported streaming television (FAST) channel, which provide factual content to pay television audiences in Germany and certain German-speaking regions of other countries. The Company has not received any dividends from the Spiegel Venture as of June 30, 2024. Per the Share Purchase Agreement (as amended in early 2023, the “SPA”), in the event the Spiegel Venture achieved certain financial targets during its 2022 fiscal period, the Company was required to make an additional payment related to its 32% equity ownership to both Spiegel TV and Autentic (the “Holdback Payment”). During the three months ended June 30, 2023, the Company determined the Spiegel Venture had achieved such financial targets, resulting in the Company paying a Holdback Payment in the amount of $0.9 million to the Spiegel Venture during July 2023. The Company has a call option that permits it to require Spiegel TV and Autentic to sell their respective ownership interests in the Spiegel Venture (the “Call Option”) to the Company. The Call Option, exercisable at a value based on a determinable calculation in the SPA, is initially exercisable only during the period that is the later of (i) 30 business days Together with the Call Option, each of Spiegel TV and Autentic has a put option that permits it to require the Company to purchase their interest (the “Put Option”) at a value based on a determinable calculation outlined in the SPA. The Put Option is only exercisable during the period that is the later of (i) 60 business days In the event the Call Option or the Put Option is not exercised, both options will continue to be available to each respective party in the following year through perpetuity, with its exercise limited to the same date range as outlined above. NEBULA Nebula is an SVOD technology platform built for and by a group of independent content creators. Prior to the Company’s investment, Nebula was a wholly owned subsidiary of Standard Broadcast LLC (“Standard”). On August 23, 2021, the Company purchased a 12% ownership interest in Nebula for $6.0 million. Upon its initial investment, the Company obtained 25% representation on Nebula’s Board of Directors. Since the time of its original investment, the Company purchased additional incremental ownership interests, each for a payment of $0.8 million and representing 1.625% of equity ownership, if Nebula met certain quarterly targets. The Company made three subsequent incremental purchases, bringing its total ownership interest in Nebula to 16.875% as of June 30, 2024. The opportunity or obligation to make additional purchases ended as of September 30, 2023. Because the Company did not purchase at least two consecutive ownership interests in Nebula, effective December 15, 2023, Standard removed the Company’s seat on the Nebula Board of Directors. The Company has not received dividends from Nebula as of June 30, 2024. Beginning August 2021, the Company included access to Nebula’s SVOD service as a part of a combined CuriosityStream / Watch Nebula subscription offer and as part of the Company’s Smart Bundle subscription package. As part of this arrangement, the Company shared revenue with Nebula, based on certain metrics, and paid monthly. On September 26, 2023, Nebula provided the Company with a notice of non-renewal, resulting in the expiration of the revenue share agreement at the end of 2023. Nebula was required to make its service available to subscribers of these offerings through the end of the term of any such subscription that existed as of December 31, 2023.

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS	6 Months Ended
	Jun. 30, 2024
Balance Sheet Related Disclosures [Abstract]
BALANCE SHEET COMPONENTS	BALANCE SHEET COMPONENTS CASH, CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS A reconciliation of the Company’s cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows is as follows: (in thousands) June 30, December 31, Cash and cash equivalents $ 39,519 $ 37,715 Restricted cash 1 125 500 Cash and cash equivalents and restricted cash $ 39,644 $ 38,215 1 Restricted cash included cash deposits required by a bank as collateral related to corporate credit card agreements. To determine the fair value of its investments in money market funds securities, the Company uses unadjusted quoted market prices (Level 1 inputs). As of June 30, 2024, and December 31, 2023, the fair values of the Company’s securities investments was as follows: (in thousands) Cash and Cash Equivalents June 30, December 31, 2023 Level 1 securities: Money market funds $ 38,625 $ 36,072 Total Level 1 securities $ 38,625 $ 36,072 The Company recorded no material realized gains or losses during the three and six months ended June 30, 2024, and 2023. CONTENT ASSETS Content assets consisted of the following as of June 30, 2024, and December 31, 2023 : (in thousands) June 30, December 31, Licensed content, net: Released, less amortization and impairment $ 9,885 $ 8,271 Prepaid and unreleased 4,185 8,357 Total Licensed content, net 14,070 16,628 Produced content, net: Released, less amortization and impairment 22,211 22,880 In production 455 5,435 Total produced content, net 22,666 28,315 Total content assets $ 36,736 $ 44,943 Of the $9.9 million unamortized cost of licensed content that had been released as of June 30, 2024, the Company expects that $4.7 million, $3.2 million and $1.1 million will be amortized in each of the next three years. Of the $22.2 million unamortized cost of produced content that had been released as of June 30, 2024, the Company expects that $8.1 million, $6.3 million and $4.7 million will be amortized in each of the next three years. Impairment Assessment The Company’s primary business model is subscription-based as opposed to a model based on generating revenues at a specific title level. Content assets are predominantly monetized as a group and therefore are reviewed in aggregate at a group level when an event or change in circumstances indicates a change in the expected usefulness of the content or that the fair value may be less than unamortized cost. If such changes are identified, the aggregated content library will be stated at the lower of unamortized cost or fair value. In addition, unamortized costs are written off for content assets that have been, or are expected to be abandoned. Amortization In accordance with its accounting policy for content assets, the Company amortizes licensed content costs and produced content costs, which is included within cost of revenues in the Company’s unaudited consolidated statements of operations. For the three and six months ended June 30, 2024, and 2023, content amortization was as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Licensed content $ 1,983 $ 1,804 $ 3,681 $ 3,749 Produced content 2,702 4,662 6,219 8,569 Total $ 4,685 $ 6,466 $ 9,900 $ 12,318 ACCRUED EXPENSES AND OTHER LIABILITIES Accrued expenses and other liabilities consisted of the following as of June 30, 2024, and December 31, 2023 : (in thousands) June 30, December 31, Accrued payroll and benefits 1,170 1,254 Dividends payable 1,343 — Sales & income tax liabilities 1,017 1,095 Other 952 1,356 Total $ 4,482 $ 3,705 WARRANT LIABILITY As described in Note 6 - Stockholders' Equity , the Private Placement Warrants are classified as a non-current liability and reported at fair value at each reporting period. As of June 30, 2024, and December 31, 2023, t he fair value of the Private Placement Warrants, as determined using Level 3 inputs, was as follows: (in thousands) June 30, December 31, Private Placement Warrants $ 74 $ 44

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The following table sets forth the Company’s disaggregated revenues for the three and six months ended June 30, 2024, and 2023, as well as the relative percentage to total revenue: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Direct Business: Direct-to-Consumer 8,031 65 % 7,243 51 % 16,102 66 % 14,726 56 % Partner Direct Business 1,743 14 % 1,081 8 % 3,216 13 % 2,184 8 % Enterprise 66 1 % 97 1 % 134 1 % 194 1 % Total Direct Business 9,840 79 % 8,421 60 % 19,452 80 % 17,104 65 % Content Licensing: Library sales 1,172 10 % 3,101 22 % 2,040 8 % 3,918 15 % Presales 145 1 % 514 4 % 441 2 % 1,715 6 % Total Content Licensing 1,317 11 % 3,615 26 % 2,481 10 % 5,633 21 % Bundled Distribution 1,084 9 % 1,453 10 % 2,226 9 % 2,869 11 % Other 154 1 % 608 4 % 237 1 % 878 3 % Total revenues $ 12,395 $ 14,097 $ 24,396 $ 26,484 REMAINING PERFORMANCE OBLIGATIONS As of June 30, 2024, the Company expects to recognize revenues in the future related to performance obligations that were unsatisfied as follows: Remainder of Year Ended December 31, (in thousands) 2025 2026 2027 Thereafter Total Remaining performance obligations $ 513 $ 616 $ 96 $ 49 $ 24 $ 1,298 These amounts include only fixed consideration or minimum guarantees and do not include amounts related to (a) contracts with an original expected term of one year or less or (b) licenses of content that are solely based on sales or usage-based royalties. DEFERRED REVENUE Contract liabilities (i.e., deferred revenue) consist of subscriber and affiliate license fees billed that have not been recognized, amounts contractually billed or collected for content licensing sales in advance of the related content being made available to the customer, and unredeemed gift cards and other prepaid subscriptions that have not been redeemed. Total deferred revenues were $14.0 million and $14.6 million as of June 30, 2024, and December 31, 2023, respectively, with the non-current portions of $0.5 million and $0.6 million as of June 30, 2024, and December 31, 2023, respectively, included in other liabilities on the consolidated balance sheets. TRADE AND BARTER TRANSACTIONS In the second quarter of 2023, the Company began entering into trade and barter transactions primarily for the purpose of exchanging content assets through licensing agreements with media counterparties. Certain transactions may also include the exchange of advertising, whereby the Company and its counterparty exchange media campaigns or other promotional services. For content acquired through trade and barter transactions, the Company records the acquired assets in the consolidated balance sheet and amortizes those assets over the term of the content license, in accordance with the Company’s content and amortization policies. For other products and services received through trade and barter transactions, the Company records operating expenses upon receipt of such products and services, as applicable. The transaction price for these contracts is measured at the estimated fair value of the non-cash consideration received unless this is not reasonably estimable; in which case, the consideration is measured based on the standalone selling price of the services provided. For an exchange of content, the performance obligation is satisfied at the time the content is made available for the counterparty to use, which represents the point in time that control is transferred. For advertising, the performance obligation is satisfied upon the Company’s delivery of the media campaign or other service to the counterparty. For the three and six months ended June 30, 2024, and 2023, trade and barter revenues were as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Trade and barter license fees: Content Licensing $ 864 $ 2,467 $ 1,088 $ 2,467 Other trade and barter revenue* — 300 — 524 Total trade and barter revenues $ 864 $ 2,767 $ 1,088 $ 2,991 * Other revenue primarily relates to other marketing services For the three and six months ended June 30, 2024, and 2023, trade and barter advertising and marketing expenses were as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Trade and barter advertising and marketing $ — $ 250 $ — $ 524 For the six months ended June 30, 2024, and 2023, additions to content assets resulting from trade and barter transactions were as follows: Three Months Ended June 30, Six Months Ended (in thousands) 2024 2023 2024 2023 Trade and barter additions to content assets $ 864 $ 2,467 $ 1,088 $ 2,467

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY COMMON STOCK As of June 30, 2024, and December 31, 2023, the Company had authorized the issuance of 126,000,000 shares of capital stock, par value of $0.0001 per share, consisting of (a) 125,000,000 shares of common stock, and (b) 1,000,000 shares of preferred stock. TREASURY STOCK On June 10, 2024, the Company's Board of Directors authorized and approved a share repurchase program for up to $4 million of the currently outstanding shares of the Company’s common stock. Under the stock repurchase program, the Company may repurchase shares through open market purchases, privately negotiated transactions, block purchases, or otherwise in accordance with applicable federal securities laws. As of June 30, 2024, the Company repurchased 22,001 shares of its common stock at an average price of $1.18 pe r share. The total cost of the repurchase was $25,961 , whic h has been recorded as treasury stock in the equity section of the Company’s consolidated balance sheet. As of June 30, 2024, the Company held 22,001 shares as treasury stock. WARRANTS As of June 30, 2024, the Company had 3,054,203 publicly traded warrants outstanding that were sold as part of the units of SAQN in its initial public offering on November 22, 2019, and that were issued to the PIPE Investors in connection with the Business Combination on October 14, 2020 (the “Public Warrants” and, together with the Private Placement Warrants, the "Warrants") and 3,676,000 Private Placement Warrants outstanding. The Private Placement Warrants are liability-classified, and the Public Warrants are equity-classified. Each whole warrant entitles the registered holder to purchase one share of the Company’s Common Stock at an exercise price of $11.50 per share. All Warrants expire on October 14, 2025. The Company has the right to redeem the outstanding Public Warrants in whole and not in part at a price of $0.01 per warrant upon a minimum of 30 days’ prior written notice of redemption, if and only if the last sale price of the Company’s Common Stock matched or exceeded $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sent the notice of redemption to the warrant holders. The Private Placement Warrants are identical to the Public Warrants except that, so long as they are held by Software Acquisition Holdings LLC or its permitted transferees: (i) they will not be redeemable by the Company; (ii) they may be exercised by the holders on a cashless basis; and (iii) they are subject to registration rights. There were no exercises of warrants during the three and six months ended June 30, 2024. The warrant liability related to the Private Placement Warrants is recorded at fair value as of each reporting date with the change in fair value reported within other income (expense) in the accompanying unaudited consolidated statements of operations as “Change in fair value of warrant liability” until the warrants are exercised, expired or other facts and circumstances lead the warrant liability to be reclassified to stockholders’ equity (deficit). The fair value of the warrant liability for the Private Placement Warrants was estimated using a Black-Scholes pricing model using Level 3 inputs. The significant assumptions used in preparing the Black-Scholes option pricing model to determine fair value a s of June 30, 2024, and December 31, 2023, we re as follows: June 30, December 31, Exercise price $ 11.50 $ 11.50 Stock price (CURI) $ 1.14 $ 0.54 Expected volatility 96.30 % 100.00 % Expected warrant term (years) 1.3 1.8 Risk-free interest rate 4.90 % 4.23 % Dividend yield 2.2 % 0 % Fair Value per Private Placement Warrant $ 0.02 $ 0.01 The change in fair value of the private placement warrant liability was negligible for the three and six months ended June 30, 2024, and amounted to $0.2 million and

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Basic and diluted earnings (loss) per share are calculated on the basis of the weighted average number of shares of the Company’s Common Stock outstanding during the respective periods. Diluted earnings (loss) per share give effect to all dilutive potential common shares outstanding during the period using the treasury stock method for stock options and other potentially dilutive securities. In computing diluted earnings (loss) per share, the average fair value of the Company’s Common Stock for the period is used to determine the number of shares assumed to be purchased from the exercise price of the options. Purchases of treasury stock reduce the outstanding shares commencing on the date that the stock is purchased. Common stock equivalents are excluded from the calculation when a loss is incurred as their effect would be anti-dilutive. For the three and six months ended June 30, 2024, and 2023, the components of basic and diluted net loss per share were as follows: (in thousands except per share amounts) Three Months Ended Six Months Ended 2024 2023 2024 2023 Numerator — Basic and Diluted EPS: Net loss $ (2,031) $ (9,921) $ (7,066) $ (17,672) Denominator — Basic and Diluted EPS: Weighted–average shares 53,613 53,006 53,455 52,978 Net loss per share — Basic and Diluted $ (0.04) $ (0.19) $ (0.13) $ (0.33) Common shares issuable for warrants, options, and restricted stock units (“RSU”) represent the total amount of outstanding warrants, stock options, and restricted stock units at June 30, 2024, and 2023. For the three and six months ended June 30, 2024, and 2023, the following share equivalents were excluded from the calculation of diluted net loss per share as the inclusion of such shares would have been anti-dilutive. Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Options 29 4,630 29 4,630 Restricted stock units 5,357 932 5,357 932 Warrants 6,730 6,730 6,730 6,730 Total 12,116 12,292 12,116 12,292

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The fair value is recognized in earnings over the period during which an employee is required to provide the service. The Company accounts for forfeitures as they occur. In October 2020, the Company’s Board of Directors adopted the CuriosityStream 2020 Omnibus Plan (the “2020 Plan”). The 2020 Plan became effective upon consummation of the Business Combination and succeeds the Legacy CuriosityStream Stock Option Plan. Upon adoption of the 2020 Plan, a total of 7,725,000 shares were approved to be issued as stock options, share appreciation rights, restricted stock units and restricted stock. The following table summarizes stock option and RSU activity, prices, and values for the six months ended June 30, 2024: Number of Shares Available for Issuance Under the Plan Stock Options Restricted Stock Units (in thousands except share price and fair value amounts) Number of Shares Weighted- Number of Shares Weighted- Balance at December 31, 2023 4,762 32 $ 5.79 2,058 $ 2.57 Granted (4,024) — — 4,024 1.15 RSUs vested 72 — — (551) 1.63 Forfeited or expired 177 (3) 11.60 (174) 1.59 Balance at June 30, 2024 987 29 $ 5.50 5,357 $ 1.47 There were no options exercised during the three and six months ended June 30, 2024, and 2023. Stock options and RSU awards generally vest on a monthly, quarterly, or annual basis over a period of one four years from the grant date. When options are exercised, the Company issues previously unissued shares of Common Stock to satisfy share option exercises. Upon vesting and distribution of RSUs, the Company issues previously unissued shares of Common Stock to satisfy RSUs vested, net of shares withheld for taxes if elected by the RSU holder. The fair value of stock option awards is estimated using the Black-Scholes option pricing model, which includes a number of assumptions including the Company’s estimates of stock price volatility, employee stock option exercise behaviors, future dividend payments, and risk-free interest rates. The expected term of options granted is the estimated period of time from the beginning of the vesting period to the date of expected exercise or other settlement, based on historical exercises and post-vesting terminations. The Company generally estimates expected term based on the midpoint between the vesting date and the end of the contractual term, also known as the simplified method, given the lack of historical exercise behavior. On April 28, 2023, the Company’s Board of Directors authorized, and on June 14, 2023, the Company’s shareholders approved, a stock option exchange program (the “Exchange”) that permitted certain current employees and executive officers to exchange certain outstanding stock options with exercise prices substantially above the current market price of the Company’s Common Stock for RSUs of an equivalent fair value. The Exchange was completed in July 2023. For options that had already vested at the time of the Exchange, the resulting RSUs vested in July 2024. Otherwise, the vesting schedules for unvested options at the time of the Exchange will remain the same for the resulting RSUs. As a result of the Exchange, 4.6 million of outstanding eligible stock options were exchanged for 1.6 million new RSUs, with a fair value of $0.99 per share on the date of the Exchange. There was no incremental compensation expense recorded by the Company as a result of the Exchange. The Company uses its own historical volatility as well as the historical volatility of similar public companies for estimating volatility. The risk-free interest rate is estimated using the rate of return on U.S. Treasury securities with maturities that approximate to the expected term of the option. For the three and six months ended June 30, 2024, and 2023, stock-based compensation expense was as follows: (in thousands) Three Months Ended Six Months Ended 2024 2023 2024 2023 Stock-based compensation — Options $ 1 $ 771 $ 6 $ 1,548 Stock-based compensation — RSUs $ 1,324 $ 651 $ 2,008 $ 1,141 Total stock-based compensation $ 1,325 $ 1,422 $ 2,014 $ 2,689

SEGMENT AND GEOGRAPHIC INFORMAT

SEGMENT AND GEOGRAPHIC INFORMATION	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHIC INFORMATION	SEGMENT AND GEOGRAPHIC INFORMATION The Company operates as one reporting segment. The Company’s chief operating decision maker is its chief executive officer, who reviews financial information presented on an entity-wide basis for purposes of making operating decisions, assessing financial performance and allocating resources. All long-lived tangible assets are located in the United States. For the three and six months ended June 30, 2024, and 2023, revenue by geographic location based on customer location was as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 United States $ 7,616 61 % $ 7,936 56 % $ 15,041 62 % $ 14,622 55 % International: United Kingdom 577 5 % 1,800 13 % 1,505 6 % 2,362 9 % Other 4,202 34 % 4,361 31 % 7,850 32 % 9,500 36 % Total International 4,779 39 % 6,161 44 % 9,355 38 % 11,862 45 % Total revenue $ 12,395 100 % $ 14,097 100 % $ 24,396 100 % $ 26,484 100 % Revenue from one foreign country, United Kingdom, comprised 10% or greater of total revenue for one or more of the periods presented.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS	RELATED-PARTY TRANSACTIONS EQUITY INVESTMENTS For the three and six months ended June 30, 2024 , the Company recognized $0.1 million of revenue related to license fees from the Spiegel Venture. No revenue was recognized from Nebula during these periods. As of June 30, 2024, and December 31, 2023, the impacts of the arrangement s with the Spiegel Venture and Nebula on the Company’s consolidated balance sheets were as follows: (in thousands) June 30, December 31, Accounts receivable $ 367 $ 811 Accounts payable $ 6 $ 374 For the three and six months ended June 30, 2024, and 2023, the impacts of arrangements with the Spiegel Venture and Nebula on the Company’s consolidated statements of operations were as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Revenues $ — $ 371 $ 111 $ 1,084 Cost of revenues $ 15 $ 1,164 $ 30 $ 2,366 OPERATING LEASE The Company sublets a portion of its office space to Hendricks Investment Holdings, LLC, which is considered a related party as it is managed by various members of the Company’s Board of Directors. The Company accounts for the arrangement as an operating lease. Refer to Note 11 - Leases

LEASES

LEASES	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
LEASES	LEASES COMPANY AS LESSEE The Company is a party to a non-cancellable operating lease agreement for office space, which expires in 2033. The Company’s operating lease for this office space includes fixed rent payments and variable lease payments, which are primarily related to common area maintenance and utility charges. The Company elected not to separate lease and non-lease components, and as such, all amounts paid under the lease are classified as either fixed or variable lease payments. The Company has determined that no renewal clauses are reasonably certain of being exercised and therefore has not included any renewal periods within the lease term for this lease. As of June 30, 2024, the Company held operating lease ROU assets of $3.2 million, current lease liabilities of $0.4 million, included within accr ued expenses and other liabilities on the consolidated balance sheets , and non-current lease liabilities of $4.1 million. In measuring operating lease liabilities, the Company used a weighted average discount rate of 4.4% as of June 30, 2024. The weighted average remaining lease term as of June 30, 2024, was 8.7 years. Components of Lease Cost For the three and six months ended June 30, 2024, the Company’s total operating lease cost was comprised of the following: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Operating lease cost $ 119 $ 121 $ 238 $ 242 Short-term lease cost — (16) — (16) Variable lease cost 12 12 23 25 Total lease cost $ 131 $ 117 $ 261 $ 251 Maturity of Lease Liabilities As of June 30, 2024, maturities of the Company’s operating lease liabilities, which do not include short-term leases and variable lease payments, were as follows: (In thousands) Six remaining months of 2024 $ 281 2025 571 2026 585 2027 600 2028 615 Thereafter 2,731 Total lease payments $ 5,383 Less: imputed interest (913) Present value of total lease liabilities $ 4,470 COMPANY AS LESSOR The Company subleases a portion of its office space to a related party and accounts for the arrangement as an operating lease. Related party sublease rental income is recognized on a straight-line basis and is included in Interest and other incom

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES CONTENT COMMITMENTS As of June 30, 2024, the Company’s content obligations amounted to $0.6 million, including $0.1 million recorded within in content liabilities in the accompanying unaudited consolidated balance sheets, and $0.5 million of obligations not yet recorded as they did not yet meet the asset recognition criteria for content assets. These obligations are expected to be paid by December 31, 2024. As of December 31, 2023, the Company’s content obligations amounted to $1.1 million, including $0.4 million recorded within current content liabilities in the accompanying unaudited consolidated balance sheets and $0.7 million of obligations not yet recorded as they did not yet meet the asset recognition criteria for content assets. Content obligations include amounts related to licensed, commissioned and internally produced streaming content. An obligation for the production of content includes non-cancelable commitments under creative talent and employment agreements. An obligation for the licensed and commissioned content is incurred at the time the Company enters into an agreement to obtain future titles. Once a title becomes available, a content liability is generally recorded. Certain agreements include the obligation to license rights for unknown future titles, the ultimate quantity and/or fees for which are not yet determinable as of the reporting date. ADVERTISING COMMITMENTS

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the three and six months ended June 30, 2024 , Income tax expense was immaterial. For the comparative periods in 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On August 12, 2024, the Board declared a regular quarterly cash dividend of $0.025 per share of Common Stock, equivalent to $0.10 per share of Common Stock on an annual basis. The cash dividend will be paid on October 31, 2024, to all holders of record of Common Stock at the close of business on October 12, 2024. This cash dividend of approximately $1.3 million is expected to be paid from available cash on hand.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net loss	$ (2,031)	$ (5,035)	$ (9,921)	$ (7,751)	$ (7,066)	$ (17,672)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
John Hendricks [Member]
Trading Arrangements, by Individual
Name	John Hendricks
Rule 10b5-1 Arrangement Terminated	true
Termination Date	April 5, 2024

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistent in all material respects with those applied in the Company’s consolidated financial statements as of and for the year ended December 31, 2023.
Use of Estimates	USE OF ESTIMATES
Concentration of Risk	Concentration of Risk Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, cash equivalents, investments, and accounts receivable. The Company maintains its cash and cash equivalents with high credit quality financial institutions. At times, cash balances with the financial institutions may exceed the applicable FDIC-insured limits.
Fair Value Measurement of Financial Instruments	Fair Value Measurement of Financial Instruments Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The applicable accounting guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability. The accounting guidance establishes three levels of inputs that may be used to measure fair value: • Level 1 : Quoted prices in active markets for identical assets or liabilities. • Level 2 : Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 : Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company reviews the fair value hierarchy classification at each reporting period. Changes in the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The Company’s assets measured at fair value on a recurring basis have included its investments in money market funds and corporate debt securities. Level 1 inputs were derived by using unadjusted quoted prices for identical assets in active markets and were used to value the Company’s investments in money market funds and U.S. government debt securities. Level 2 inputs were derived using prices for similar investments and were used to value the Company’s investments in corporate and municipal debt securities. The Company’s liabilities measured at fair value on a recurring basis include its private placement warrants issued to Software Acquisition Holdings LLC, the Company’s former sponsor, in a private placement offering (the “Private Placement Warrants”). The fair value of the Private Placement Warrants is considered a Level 3 valuation and is determined using the Black-Scholes valuation model. Refer to Note 6 - Stockholders' Equity for significant assumptions which the Company used in the fair value model for the Private Placement Warrants. Ce rtain assets are measured at fair value on a nonrecurring basis and are subject to fair value adjustments only in certain circumstances, e.g., when there is evidence of impairment indicators.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS The Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company, as an emerging growth company (“EGC”), to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act until such time as the Company is no longer considered to be an EGC. In November 2023, the FASB issued ASU No. 2023-07 ("ASU 2023-07"), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments’ significant expenses and other segment items on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC 280 on an interim and annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2023-07. In December 2023, the FASB issued ASU No. 2023-09 ("ASU 2023-09"), Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires public entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2023-09.

EQUITY INVESTMENTS (Tables)

EQUITY INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	The Company’s carrying values for its equity method investments as of June 30, 2024, and December 31, 2023, were as follows: (in thousands) Spiegel Venture Nebula Total Balance at December 31, 2023 $ 1,736 $ 4,618 $ 6,354 Equity method investment loss (1,469) (439) (1,908) Balance at June 30, 2024 $ 267 $ 4,179 $ 4,446

BALANCE SHEET COMPONENTS (Table

BALANCE SHEET COMPONENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Balance Sheet Related Disclosures [Abstract]
Schedule of Reconciliation of Cash and Cash Equivalents	A reconciliation of the Company’s cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows is as follows: (in thousands) June 30, December 31, Cash and cash equivalents $ 39,519 $ 37,715 Restricted cash 1 125 500 Cash and cash equivalents and restricted cash $ 39,644 $ 38,215 1 Restricted cash included cash deposits required by a bank as collateral related to corporate credit card agreements.
Restrictions on Cash and Cash Equivalents	A reconciliation of the Company’s cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows is as follows: (in thousands) June 30, December 31, Cash and cash equivalents $ 39,519 $ 37,715 Restricted cash 1 125 500 Cash and cash equivalents and restricted cash $ 39,644 $ 38,215 1 Restricted cash included cash deposits required by a bank as collateral related to corporate credit card agreements.
Schedule of Fair Values of Securities Investments	As of June 30, 2024, and December 31, 2023, the fair values of the Company’s securities investments was as follows: (in thousands) Cash and Cash Equivalents June 30, December 31, 2023 Level 1 securities: Money market funds $ 38,625 $ 36,072 Total Level 1 securities $ 38,625 $ 36,072
Schedule of Content Assets	Content assets consisted of the following as of June 30, 2024, and December 31, 2023 : (in thousands) June 30, December 31, Licensed content, net: Released, less amortization and impairment $ 9,885 $ 8,271 Prepaid and unreleased 4,185 8,357 Total Licensed content, net 14,070 16,628 Produced content, net: Released, less amortization and impairment 22,211 22,880 In production 455 5,435 Total produced content, net 22,666 28,315 Total content assets $ 36,736 $ 44,943
Schedule of Amortized Licensed Content Costs and Produced Content Costs	For the three and six months ended June 30, 2024, and 2023, content amortization was as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Licensed content $ 1,983 $ 1,804 $ 3,681 $ 3,749 Produced content 2,702 4,662 6,219 8,569 Total $ 4,685 $ 6,466 $ 9,900 $ 12,318
Schedule of Private Placement Warrants	As of June 30, 2024, and December 31, 2023, t he fair value of the Private Placement Warrants, as determined using Level 3 inputs, was as follows: (in thousands) June 30, December 31, Private Placement Warrants $ 74 $ 44
Schedule of Accrued Expenses and Other Liabilities	Accrued expenses and other liabilities consisted of the following as of June 30, 2024, and December 31, 2023 : (in thousands) June 30, December 31, Accrued payroll and benefits 1,170 1,254 Dividends payable 1,343 — Sales & income tax liabilities 1,017 1,095 Other 952 1,356 Total $ 4,482 $ 3,705

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenues Disaggregated by Type	The following table sets forth the Company’s disaggregated revenues for the three and six months ended June 30, 2024, and 2023, as well as the relative percentage to total revenue: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Direct Business: Direct-to-Consumer 8,031 65 % 7,243 51 % 16,102 66 % 14,726 56 % Partner Direct Business 1,743 14 % 1,081 8 % 3,216 13 % 2,184 8 % Enterprise 66 1 % 97 1 % 134 1 % 194 1 % Total Direct Business 9,840 79 % 8,421 60 % 19,452 80 % 17,104 65 % Content Licensing: Library sales 1,172 10 % 3,101 22 % 2,040 8 % 3,918 15 % Presales 145 1 % 514 4 % 441 2 % 1,715 6 % Total Content Licensing 1,317 11 % 3,615 26 % 2,481 10 % 5,633 21 % Bundled Distribution 1,084 9 % 1,453 10 % 2,226 9 % 2,869 11 % Other 154 1 % 608 4 % 237 1 % 878 3 % Total revenues $ 12,395 $ 14,097 $ 24,396 $ 26,484
Schedule of Revenues Expected to be Recognized in the Future Related to Performance Obligations	As of June 30, 2024, the Company expects to recognize revenues in the future related to performance obligations that were unsatisfied as follows: Remainder of Year Ended December 31, (in thousands) 2025 2026 2027 Thereafter Total Remaining performance obligations $ 513 $ 616 $ 96 $ 49 $ 24 $ 1,298
Schedule of Trade and Barter Revenues	For the three and six months ended June 30, 2024, and 2023, trade and barter revenues were as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Trade and barter license fees: Content Licensing $ 864 $ 2,467 $ 1,088 $ 2,467 Other trade and barter revenue* — 300 — 524 Total trade and barter revenues $ 864 $ 2,767 $ 1,088 $ 2,991 * Other revenue primarily relates to other marketing services
Schedule of Trade and Barter Expenses	For the three and six months ended June 30, 2024, and 2023, trade and barter advertising and marketing expenses were as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Trade and barter advertising and marketing $ — $ 250 $ — $ 524
Schedule of Trade and Barter Transactions	For the six months ended June 30, 2024, and 2023, additions to content assets resulting from trade and barter transactions were as follows: Three Months Ended June 30, Six Months Ended (in thousands) 2024 2023 2024 2023 Trade and barter additions to content assets $ 864 $ 2,467 $ 1,088 $ 2,467

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Schedule of Fair Value Black-Scholes Option	The significant assumptions used in preparing the Black-Scholes option pricing model to determine fair value a s of June 30, 2024, and December 31, 2023, we re as follows: June 30, December 31, Exercise price $ 11.50 $ 11.50 Stock price (CURI) $ 1.14 $ 0.54 Expected volatility 96.30 % 100.00 % Expected warrant term (years) 1.3 1.8 Risk-free interest rate 4.90 % 4.23 % Dividend yield 2.2 % 0 % Fair Value per Private Placement Warrant $ 0.02 $ 0.01

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings (Loss) Per Share	For the three and six months ended June 30, 2024, and 2023, the components of basic and diluted net loss per share were as follows: (in thousands except per share amounts) Three Months Ended Six Months Ended 2024 2023 2024 2023 Numerator — Basic and Diluted EPS: Net loss $ (2,031) $ (9,921) $ (7,066) $ (17,672) Denominator — Basic and Diluted EPS: Weighted–average shares 53,613 53,006 53,455 52,978 Net loss per share — Basic and Diluted $ (0.04) $ (0.19) $ (0.13) $ (0.33)
Schedule of Antidilutive Shares Excluded	For the three and six months ended June 30, 2024, and 2023, the following share equivalents were excluded from the calculation of diluted net loss per share as the inclusion of such shares would have been anti-dilutive. Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Options 29 4,630 29 4,630 Restricted stock units 5,357 932 5,357 932 Warrants 6,730 6,730 6,730 6,730 Total 12,116 12,292 12,116 12,292

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option and RSU Activity	The following table summarizes stock option and RSU activity, prices, and values for the six months ended June 30, 2024: Number of Shares Available for Issuance Under the Plan Stock Options Restricted Stock Units (in thousands except share price and fair value amounts) Number of Shares Weighted- Number of Shares Weighted- Balance at December 31, 2023 4,762 32 $ 5.79 2,058 $ 2.57 Granted (4,024) — — 4,024 1.15 RSUs vested 72 — — (551) 1.63 Forfeited or expired 177 (3) 11.60 (174) 1.59 Balance at June 30, 2024 987 29 $ 5.50 5,357 $ 1.47
Schedule of Assumptions Used to Value Options Granted	For the three and six months ended June 30, 2024, and 2023, stock-based compensation expense was as follows: (in thousands) Three Months Ended Six Months Ended 2024 2023 2024 2023 Stock-based compensation — Options $ 1 $ 771 $ 6 $ 1,548 Stock-based compensation — RSUs $ 1,324 $ 651 $ 2,008 $ 1,141 Total stock-based compensation $ 1,325 $ 1,422 $ 2,014 $ 2,689

SEGMENT AND GEOGRAPHIC INFORM_2

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Revenue by Geographic Location	For the three and six months ended June 30, 2024, and 2023, revenue by geographic location based on customer location was as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 United States $ 7,616 61 % $ 7,936 56 % $ 15,041 62 % $ 14,622 55 % International: United Kingdom 577 5 % 1,800 13 % 1,505 6 % 2,362 9 % Other 4,202 34 % 4,361 31 % 7,850 32 % 9,500 36 % Total International 4,779 39 % 6,161 44 % 9,355 38 % 11,862 45 % Total revenue $ 12,395 100 % $ 14,097 100 % $ 24,396 100 % $ 26,484 100 %

RELATED-PARTY TRANSACTIONS (Tab

RELATED-PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Balance Sheet Impact of Arrangements with Related Parties	As of June 30, 2024, and December 31, 2023, the impacts of the arrangement s with the Spiegel Venture and Nebula on the Company’s consolidated balance sheets were as follows: (in thousands) June 30, December 31, Accounts receivable $ 367 $ 811 Accounts payable $ 6 $ 374
Schedule of Statement of Operations Impact of Arrangements with Related Parties	For the three and six months ended June 30, 2024, and 2023, the impacts of arrangements with the Spiegel Venture and Nebula on the Company’s consolidated statements of operations were as follows: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Revenues $ — $ 371 $ 111 $ 1,084 Cost of revenues $ 15 $ 1,164 $ 30 $ 2,366

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Total Operating Lease Cost	For the three and six months ended June 30, 2024, the Company’s total operating lease cost was comprised of the following: Three Months Ended Six Months Ended (in thousands) 2024 2023 2024 2023 Operating lease cost $ 119 $ 121 $ 238 $ 242 Short-term lease cost — (16) — (16) Variable lease cost 12 12 23 25 Total lease cost $ 131 $ 117 $ 261 $ 251
Schedule of Maturities of Operating Lease Liabilities	As of June 30, 2024, maturities of the Company’s operating lease liabilities, which do not include short-term leases and variable lease payments, were as follows: (In thousands) Six remaining months of 2024 $ 281 2025 571 2026 585 2027 600 2028 615 Thereafter 2,731 Total lease payments $ 5,383 Less: imputed interest (913) Present value of total lease liabilities $ 4,470

EQUITY INVESTMENTS - Schedule o

EQUITY INVESTMENTS - Schedule of Equity Method Investments (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Increase (Decrease) In Equity Method Investments [Roll Forward]
Beginning balance	$ 6,354
Equity method investment loss	(1,908)
Ending balance	4,446
Spiegel Venture
Increase (Decrease) In Equity Method Investments [Roll Forward]
Beginning balance	1,736
Equity method investment loss	(1,469)
Ending balance	267
Nebula
Increase (Decrease) In Equity Method Investments [Roll Forward]
Beginning balance	4,618
Equity method investment loss	(439)
Ending balance	$ 4,179

EQUITY INVESTMENTS - Narrative

EQUITY INVESTMENTS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jul. 31, 2023	Aug. 23, 2021	Jul. 31, 2021
Spiegel Venture
Equity Investments [Line Items]
Ownership percentage	32%			32%
Ownership amount				$ 3.3
Call option, exercise period	30 days
Put option, exercise period	60 days
Spiegel Venture | Accounts Payable
Equity Investments [Line Items]
Equity method investments holdback payment liability		$ 0.9
Nebula
Equity Investments [Line Items]
Ownership percentage	16.875%		12%
Ownership amount			$ 6
Board representation, percentage	25%
Payment for additional ownership interest	$ 0.8
Additional ownership interest, percentage	1.625%

BALANCE SHEET COMPONENTS - Sche

BALANCE SHEET COMPONENTS - Schedule of Reconciliation of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]
Cash and cash equivalents	$ 39,519	$ 37,715
Restricted cash	125	500
Cash and cash equivalents and restricted cash	$ 39,644	$ 38,215

BALANCE SHEET COMPONENTS - Sc_2

BALANCE SHEET COMPONENTS - Schedule of Fair Values of Securities Investments (Details) - Level 1 Securities - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Balance Sheet ComponentS,Schedule of Investments in Debt Securities at Fair Value [Line Items]
Cash and Cash Equivalents	$ 38,625	$ 36,072
Money market funds
Balance Sheet ComponentS,Schedule of Investments in Debt Securities at Fair Value [Line Items]
Cash and Cash Equivalents	$ 38,625	$ 36,072

BALANCE SHEET COMPONENTS - Narr

BALANCE SHEET COMPONENTS - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Realized gains (losses)	$ 0	$ 0	$ 0	$ 0
Unamortized cost of content assets, total	9,900,000		9,900,000
Unamortized cost of content assets, current	4,700,000		4,700,000
Unamortized cost of content assets to be released in two years	3,200,000		3,200,000
Unamortized cost of the content assets to be released in three years	1,100,000		1,100,000
Unamortized cost of produced content, total	22,200,000		22,200,000
Unamortized cost of produced content, current	8,100,000		8,100,000
Unamortized cost of produced content to be amortized in two years	6,300,000		6,300,000
Unamortized cost of produced content to be amortized in three years	$ 4,700,000		$ 4,700,000

BALANCE SHEET COMPONENTS - Sc_3

BALANCE SHEET COMPONENTS - Schedule of Content Assets (Details) - Related Party - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Licensed content, net:
Total Licensed content, net	$ 14,070	$ 16,628
Produced content, net:
Total produced content, net	22,666	28,315
Total content assets	36,736	44,943
Released, less amortization and impairment
Licensed content, net:
Total Licensed content, net	9,885	8,271
Produced content, net:
Total produced content, net	22,211	22,880
Prepaid and unreleased
Licensed content, net:
Total Licensed content, net	4,185	8,357
In production
Produced content, net:
Total produced content, net	$ 455	$ 5,435

BALANCE SHEET COMPONENTS - Sc_4

BALANCE SHEET COMPONENTS - Schedule of Amortized Licensed Content Costs and Produced Content Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Balance Sheet Components, Schedule of Company Amortized Licensed Content Costs [Line Items]
Amortization of content assets	$ 4,685	$ 6,466	$ 9,900	$ 12,318
Licensed content
Balance Sheet Components, Schedule of Company Amortized Licensed Content Costs [Line Items]
Amortization of content assets	1,983	1,804	3,681	3,749
Produced content
Balance Sheet Components, Schedule of Company Amortized Licensed Content Costs [Line Items]
Amortization of content assets	$ 2,702	$ 4,662	$ 6,219	$ 8,569

BALANCE SHEET COMPONENTS - Sc_5

BALANCE SHEET COMPONENTS - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]
Accrued payroll and benefits	$ 1,170,000	$ 1,254,000
Dividends payable	1,343,000	0
Sales & income tax liabilities	1,017,000	1,095,000
Other	952,000	1,356,000
Accrued expenses and other liabilities	$ 4,482,000	$ 3,705,000

BALANCE SHEET COMPONENTS - Sc_6

BALANCE SHEET COMPONENTS - Schedule of Private Placement Warrants (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Level 3
Warrant liability	$ 74	$ 44
Level 3 | Private Placement Warrants
Level 3
Warrant liability	$ 74	$ 44

REVENUE - Schedule of revenues

REVENUE - Schedule of revenues disaggregated (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 12,395	$ 14,097	$ 24,396	$ 26,484
Concentration risk, percentage	100%	100%	100%	100%
Total Direct Business
Disaggregation of Revenue [Line Items]
Total revenues	$ 9,840	$ 8,421	$ 19,452	$ 17,104
Total Direct Business | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	79%	60%	80%	65%
Direct-to-Consumer
Disaggregation of Revenue [Line Items]
Total revenues	$ 8,031	$ 7,243	$ 16,102	$ 14,726
Direct-to-Consumer | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	65%	51%	66%	56%
Partner Direct Business
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,743	$ 1,081	$ 3,216	$ 2,184
Partner Direct Business | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	14%	8%	13%	8%
Enterprise
Disaggregation of Revenue [Line Items]
Total revenues	$ 66	$ 97	$ 134	$ 194
Enterprise | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	1%	1%	1%	1%
Total Content Licensing
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,317	$ 3,615	$ 2,481	$ 5,633
Total Content Licensing | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	11%	26%	10%	21%
Library sales
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,172	$ 3,101	$ 2,040	$ 3,918
Library sales | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	10%	22%	8%	15%
Presales
Disaggregation of Revenue [Line Items]
Total revenues	$ 145	$ 514	$ 441	$ 1,715
Presales | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	1%	4%	2%	6%
Bundled Distribution
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,084	$ 1,453	$ 2,226	$ 2,869
Bundled Distribution | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	9%	10%	9%	11%
OTHER
Disaggregation of Revenue [Line Items]
Total revenues	$ 154	$ 608	$ 237	$ 878
OTHER | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	1%	4%	1%	3%

REVENUE - Schedule of Revenue_2

REVENUE - Schedule of Revenues Expected to be Recognized in the Future Related to Performance Obligations (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Remainder of Year Ending December 31, 2024	$ 513
2025	616
2026	96
2027	49
Thereafter	24
Total	$ 1,298

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Total deferred revenues	$ 14	$ 14.6
Non-current portions	0.5	$ 0.6
Revenues recognized	$ 10.5

REVENUE - Trade and Barter Reve

REVENUE - Trade and Barter Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 12,395	$ 14,097	$ 24,396	$ 26,484
Trade And Barter Transactions
Disaggregation of Revenue [Line Items]
Total revenues	864	2,767	1,088	2,991
Trade And Barter Transactions, Content Licensing
Disaggregation of Revenue [Line Items]
Total revenues	864	2,467	1,088	2,467
Trade And Barter Transactions, Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 0	$ 300	$ 0	$ 524

REVENUE - Trade and Barter Expe

REVENUE - Trade and Barter Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Trade And Barter Transactions
Disaggregation of Revenue [Line Items]
Trade and barter advertising and marketing	$ 0	$ 250	$ 0	$ 524

REVENUE - Trade and Barter Tran

REVENUE - Trade and Barter Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Trade and barter additions to content assets	$ 864	$ 2,467	$ 1,088	$ 2,467

STOCKHOLDERS' EQUITY - Narrativ

STOCKHOLDERS' EQUITY - Narrative (Details) - USD ($)		3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 10, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Shares authorized (shares)	126,000,000	126,000,000		126,000,000			126,000,000
Par value, price per share (in dollars per share)	$ 0.0001	$ 0.0001		$ 0.0001			$ 0.0001
Common stock, shares authorized (in shares)	125,000,000	125,000,000		125,000,000			125,000,000
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000		1,000,000			1,000,000
Share repurchase program, authorized amount						$ 4,000,000
Common stock repurchased (in shares)	22,001	22,001		22,001
Shares acquired, average cost per share (in dollars per share)	$ 1.18
Treasury stock, common, value	$ 25,961	$ 25,961		$ 25,961			$ 0
Shares available for purchase per warrant (shares)	1	1		1
Exercise price of warrants (dollars per share)	$ 11.50	$ 11.50		$ 11.50
Redemption price (dollars per share)	0.01	0.01		0.01
Warrant redemption threshold price (dollars per share)	$ 18	$ 18		$ 18
Warrant redemption threshold trading days	20 days	20 days		20 days
Warrant redemption threshold consecutive trading days	30 days	30 days		30 days
Warrants exercised (in shares)		0		0
Change in gain (loss) of warrant liability		$ 0	$ 200,000	$ 0	$ 100,000
Publicly Traded Warrants
Class of Stock [Line Items]
Warrants outstanding (shares)	3,054,203	3,054,203		3,054,203
Private Placement Warrants
Class of Stock [Line Items]
Warrants outstanding (shares)	3,676,000	3,676,000		3,676,000

STOCKHOLDERS' EQUITY - Schedule

STOCKHOLDERS' EQUITY - Schedule of Fair Value Black-Scholes Option (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Exercise price (in dollars per share)	$ 11.50	$ 11.50
Stock price (CURI) (in dollars per share)	$ 1.14	$ 0.54
Expected volatility	96.30%	100%
Expected warrant term (years)	1 year 3 months 18 days	1 year 9 months 18 days
Risk-free interest rate	4.90%	4.23%
Dividend yield	2.20%	0%
Fair value per private placement warrant (in dollars per share)	$ 0.02	$ 0.01

EARNINGS (LOSS) PER SHARE - Sch

EARNINGS (LOSS) PER SHARE - Schedule of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator — Basic and Diluted EPS:
Net loss	$ (2,031)	$ (5,035)	$ (9,921)	$ (7,751)	$ (7,066)	$ (17,672)
Denominator — Basic and Diluted EPS:
Weighted-average shares, basic (in shares)	53,613,000		53,006,000		53,455,000	52,978,000
Weighted–average shares, diluted (in shares)	53,613,000		53,006,000		53,455,000	52,978,000
Net loss per share — basic (in dollars per share)	$ (0.04)		$ (0.19)		$ (0.13)	$ (0.33)
Net loss per share — diluted (in dollars per share)	$ (0.04)		$ (0.19)		$ (0.13)	$ (0.33)

EARNINGS (LOSS) PER SHARE - S_2

EARNINGS (LOSS) PER SHARE - Schedule of Antidilutive Shares Excluded (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of earnings per share (in shares)	12,116	12,292	12,116	12,292
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of earnings per share (in shares)	29	4,630	29	4,630
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of earnings per share (in shares)	5,357	932	5,357	932
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of earnings per share (in shares)	6,730	6,730	6,730	6,730

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Oct. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares approved to be issued (in Shares)						7,725,000
Options exercised (in shares)		0	0	0	0
Share price (in dollars per share)	$ 0.99
Compensation expense due to modification	$ 0
Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period				1 year
Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period				4 years
Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares sold in period (in shares)	4,600,000
Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued for exchange (in shares)	1,600,000

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Stock Option and RSU Activity (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Number of Shares Available for Issuance Under the Plan
Beginning balance (in shares)			4,762,000
Granted (in shares)			(4,024,000)
RSUs vested (in shares)			72,000
Forfeited or expired (in shares)			177,000
Ending balance (in shares)	987,000		987,000
Stock Options, Number of Shares
Beginning balance (in shares)			32,000
Granted (in shares)			0
Options exercised (in shares)	0	0	0	0
Forfeited or expired (in shares)			(3,000)
Ending balance (in shares)	29,000		29,000
Stock Options, Weighted-Average Exercise Price
Beginning balance (in dollars per share)			$ 5.79
Granted (in dollars per share)			0
Options exercised (in dollars per share)			0
Forfeited or expired (in dollars per share)			11.60
Ending balance (in dollars per share)	$ 5.50		$ 5.50
Restricted Stock Units
Restricted Stock Units, Number of Shares
Beginning balance (in shares)			2,058,000
Granted (in shares)			4,024,000
RSUs vested (in shares)			(551,000)
Forfeited or expired (in shares)			(174,000)
Ending balance (in shares)	5,357,000		5,357,000
Restricted Stock Units, Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share)			$ 2.57
Granted (in dollars per share)			1.15
RSUs vested (in dollars per share)			1.63
Forfeited or expired (in dollars per share)			1.59
Ending balance (in dollars per share)	$ 1.47		$ 1.47

STOCK-BASED COMPENSATION - Sc_2

STOCK-BASED COMPENSATION - Schedule of Assumptions Used to Value Options Granted (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation	$ 1,325	$ 1,422	$ 2,014	$ 2,689
Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation	1	771	6	1,548
Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation	$ 1,324	$ 651	$ 2,008	$ 1,141

SEGMENT AND GEOGRAPHIC INFORM_3

SEGMENT AND GEOGRAPHIC INFORMATION - Narrative (Details) - reporting_unit	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Number of reporting segments			1
Concentration risk, percentage	100%	100%	100%	100%
United Kingdom | Geographic Concentration Risk | Revenue Benchmark
Segment Reporting Information [Line Items]
Concentration risk, percentage	5%	13%	6%	9%
United Kingdom | Geographic Concentration Risk | Revenue Benchmark | Minimum
Segment Reporting Information [Line Items]
Concentration risk, percentage	10%	10%	10%	10%

SEGMENT AND GEOGRAPHIC INFORM_4

SEGMENT AND GEOGRAPHIC INFORMATION - Schedule of Revenues by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 12,395	$ 14,097	$ 24,396	$ 26,484
Concentration risk, percentage	100%	100%	100%	100%
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 7,616	$ 7,936	$ 15,041	$ 14,622
United States | Revenue Benchmark | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage	61%	56%	62%	55%
Total International
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 4,779	$ 6,161	$ 9,355	$ 11,862
Total International | Revenue Benchmark | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage	39%	44%	38%	45%
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 577	$ 1,800	$ 1,505	$ 2,362
United Kingdom | Revenue Benchmark | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage	5%	13%	6%	9%
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 4,202	$ 4,361	$ 7,850	$ 9,500
Other | Revenue Benchmark | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage	34%	31%	32%	36%

RELATED-PARTY TRANSACTIONS - Na

RELATED-PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Related Party Transactions [Line Items]
Total revenues	$ 12,395	$ 14,097	$ 24,396	$ 26,484
Related Party | License Fees | Spiegel Venture
Related Party Transactions [Line Items]
Total revenues	100		100
Related Party | License Fees | Nebula
Related Party Transactions [Line Items]
Total revenues	$ 0		$ 0

RELATED-PARTY TRANSACTIONS - Sc

RELATED-PARTY TRANSACTIONS - Schedule of Balance Sheet Impact of Arrangements with Related Parties (Details) - Related Party - Spiegel Venture and Nebula - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Related Party Transactions [Line Items]
Accounts receivable	$ 367	$ 811
Accounts payable	$ 6	$ 374

RELATED-PARTY TRANSACTIONS - _2

RELATED-PARTY TRANSACTIONS - Schedule of Statement of Operations Impact of Arrangements with Related Parties (Details) - Related Party - Spiegel Venture and Nebula - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Related Party Transactions [Line Items]
Revenues	$ 0	$ 371	$ 111	$ 1,084
Cost of revenues	$ 15	$ 1,164	$ 30	$ 2,366

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 3,209	$ 3,209	$ 3,350
Current lease liabilities	400	400
Non-current lease liabilities	$ 4,090	$ 4,090	$ 4,283
Weighted average discount rate, percentage	4.40%	4.40%
Weighted average remaining lease term (in years)	8 years 8 months 12 days	8 years 8 months 12 days
Operating lease income	$ 100	$ 100
Operating lease future minimum payments receivable	$ 200	$ 200

LEASES - Schedule of Total Oper

LEASES - Schedule of Total Operating Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease cost	$ 119	$ 121	$ 238	$ 242
Short-term lease cost	0	(16)	0	(16)
Variable lease cost	12	12	23	25
Total lease cost	$ 131	$ 117	$ 261	$ 251

LEASES - Schedule of Maturities

LEASES - Schedule of Maturities of Operating Lease Liabilities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Leases [Abstract]
Six remaining months of 2024	$ 281
2025	571
2026	585
2027	600
2028	615
Thereafter	2,731
Total lease payments	5,383
Less: imputed interest	(913)
Present value of total lease liabilities	$ 4,470

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Content obligations	$ 0.6	$ 1.1
Current content liabilities	0.1	0.4
Content assets obligations	0.5	$ 0.7
Advertising commitments	$ 1.7

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 0	$ 0.3	$ 0	$ 0.3

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Aug. 12, 2024	Jun. 30, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Dividends payable		$ 1,343,000	$ 0
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	$ 0.025
Dividends declared, annual basis (in dollars per share)	$ 0.10
Dividends payable	$ 1,300,000