{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/920/#25-recognition","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"350","topic_title":"Intangibles—Goodwill and Other","subtopic":"350-920","subtopic_title":"Entertainment—Broadcasters","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"License Agreements for Program Material—Exhibition Rights","paragraphs":[{"citation":"350-920-25-1","para":"25-1","html":"
A broadcaster (licensee) shall account for a license agreement for program material and any exhibition right(s) acquired under a license agreement for program material as a purchase of a right or group of rights.
","snippet":"A broadcaster (licensee) shall account for a license agreement for program material and any exhibition right(s) acquired under a license agreement for program material as a purchase of a right or group of rights.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:18d40530cce5af58c45b3893f4c1f8a17fa1cdac5f92d7907a29153b46421fba","downloaded_from":"2026-09-10T00:03:57.244Z","last_downloaded_at":"2026-09-10T00:03:57.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478308","source_sha256":"bab9c3a16b63aed08181f6a194412712a015e674368458a617a2676ab67da9c8"}},{"citation":"350-920-25-2","para":"25-2","html":"
A licensee shall report an asset and a liability for the rights acquired and obligations incurred under a license agreement when the license period begins and all of the following conditions have been met:
  1. a
    The cost of each program is known or reasonably determinable.
  2. b
    The program material has been accepted by the licensee in accordance with the conditions of the license agreement.
  3. c
    The program is available for its first showing or telecast. Except when a conflicting license prevents usage by the licensee, restrictions under the same license agreement or another license agreement with the same licensor on the timing of subsequent showings shall not affect this availability condition.
","snippet":"A licensee shall report an asset and a liability for the rights acquired and obligations incurred under a license agreement when the license period begins and all of the following conditions have been met:\n(a) The cost o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5e6c752546e9de2a001104611aaf8f584cc7180c5030cbfd8ae07521becde01","downloaded_from":"2026-09-10T00:03:57.244Z","last_downloaded_at":"2026-09-10T00:03:57.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478308","source_sha256":"bab9c3a16b63aed08181f6a194412712a015e674368458a617a2676ab67da9c8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fbb6954ed9a42941c7e46dd5ffea3c9969ca462524965b42cc327bb20c2fa2eb","downloaded_from":"2026-09-10T00:03:57.244Z","last_downloaded_at":"2026-09-10T00:03:57.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478308","source_sha256":"bab9c3a16b63aed08181f6a194412712a015e674368458a617a2676ab67da9c8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7abe88e883d3bb724e02af4ccafe0100bce06ec32c9ebb21a5e8d21e1b228592","downloaded_from":"2026-09-10T00:03:57.244Z","last_downloaded_at":"2026-09-10T00:03:57.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478308","source_sha256":"bab9c3a16b63aed08181f6a194412712a015e674368458a617a2676ab67da9c8"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7abe88e883d3bb724e02af4ccafe0100bce06ec32c9ebb21a5e8d21e1b228592","downloaded_from":"2026-09-10T00:03:57.244Z","last_downloaded_at":"2026-09-10T00:03:57.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478308","source_sha256":"bab9c3a16b63aed08181f6a194412712a015e674368458a617a2676ab67da9c8"}}