# ASC 350-920-50: Intangibles—Goodwill and Other — Entertainment—Broadcasters — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/350/920/#50-disclosure) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:04:08.809Z to 2026-09-10T00:04:08.809Z Record version: sha256:4113084b1ec6c8dcaba0840be97e96545cc1bc601db32e41f08ae292f05e549b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-920-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/350/920/#50-disclosure) SEC content: no #### License Agreements for Program Material ##### [350-920-50-1](https://asc.understandingaccounting.org/asc/350/920/#350-920-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:04:08.809Z to 2026-09-10T00:04:08.809Z Record version: sha256:3c1c3ead1a29a0cd2d4574c2235e83facf922f20da3ae29626912baf0b8726f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose its methods of accounting for the rights acquired under a [license agreement](https://asc.understandingaccounting.org/glossary/l/#license-agreement "A typical license agreement for program material (for example, features, specials, series, or cartoons) covers several programs (a package) and grants a television station, group of stations, network, pay television, or cable television system (licensee) the right to broadcast either a specified number or an unlimited number of showings over a maximum period of time (license period) for a specified fee."), including, but not limited to, the following methods: 1. a The method or method(s) used in computing amortization 2. b For impairment, a description of the unit(s) of account used for impairment testing and the method(s) used for determining fair value. ##### [350-920-50-2](https://asc.understandingaccounting.org/asc/350/920/#350-920-50-2) Pending content: yes Source downloaded (UTC): 2026-09-10T00:04:08.809Z to 2026-09-10T00:04:08.809Z Record version: sha256:44e1a040f6dd1ef85f050284bdb0945289cdb7eb850c4262f2b7aa1052d99deb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following information shall be disclosed in the financial statements or the notes to financial statements for each period for which a statement of financial performance is presented: 1. a The aggregate amortization expense for the period 2. b The caption in the income statement where the amortization is recorded. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)The following information shall be disclosed in the financial statements or the notes to financial statements for each period for which a statement of financial performance is presented: 1. a The aggregate amortization expense for the period 2. b The caption in the income statement where the amortization is recorded. See paragraphs [220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21) for additional disclosure requirements. ##### [350-920-50-3](https://asc.understandingaccounting.org/asc/350/920/#350-920-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:04:08.809Z to 2026-09-10T00:04:08.809Z Record version: sha256:96efc9ba2ef30f52380ce46db7816b8e8ef317ba36bd21a5887f4309118ab0ec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the most recent annual period for which a statement of financial position is presented, an entity shall disclose in the notes to financial statements the portion of the costs of license agreements recognized at the date of the most recent statement of financial position that an entity expects to amortize within each of the next three operating cycles. An operating cycle is presumed to be 12 months. An entity shall disclose its operating cycle if it is other than 12 months. ##### [350-920-50-4](https://asc.understandingaccounting.org/asc/350/920/#350-920-50-4) Pending content: yes Source downloaded (UTC): 2026-09-10T00:04:08.809Z to 2026-09-10T00:04:08.809Z Record version: sha256:d2a27af51927aff0f1f231f2d07b0e93dcb70bbbc105008cc8e448749bd17f4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For impairment amounts recognized for a license agreement that is not included in a [film group](https://asc.understandingaccounting.org/glossary/f/#film-group "The unit of account used for impairment testing for a film or a license agreement for program material when the film or license agreement is expected to be predominantly monetized with other films and/or license agreements instead of being predominantly monetized on its own. A film group represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other films and/or license agreements."), the following information shall be disclosed in the notes to financial statements that include the period in which the impairment losses are recognized: 1. a A description of the facts and circumstances leading to the impairment 2. b The amount of impairment losses 3. c The caption in the income statement where the impairment losses are recorded 4. d If applicable, the segment(s) under Topic 280 where the impairment losses are recorded. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)For impairment amounts recognized for a license agreement that is not included in a [film group](https://asc.understandingaccounting.org/glossary/f/#film-group "The unit of account used for impairment testing for a film or a license agreement for program material when the film or license agreement is expected to be predominantly monetized with other films and/or license agreements instead of being predominantly monetized on its own. A film group represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other films and/or license agreements."), the following information shall be disclosed in the notes to financial statements that include the period in which the impairment losses are recognized: 1. a A description of the facts and circumstances leading to the impairment 2. b The amount of impairment losses 3. c The caption in the income statement where the impairment losses are recorded 4. d If applicable, the segment(s) under Topic 280 where the impairment losses are recorded. See paragraphs [220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21) for additional disclosure requirements.