# ASC 405-920-30: Liabilities — Entertainment—Broadcasters — 30 Initial Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/920/#30-initial-measurement)

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## ASC 405-920-30: 30 Initial Measurement

[Read section](https://asc.understandingaccounting.org/asc/405/920/#30-initial-measurement)

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#### License Agreement for Program Material

##### [405-920-30-1](https://asc.understandingaccounting.org/asc/405/920/#405-920-30-1)

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A licensee shall report the asset and liability for a broadcast [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.") at either of the following:

1.  a
    
    The fair value of the liability
    
2.  b
    
    The gross amount of the liability.
    

If a present value technique is used to measure fair value, the difference between the gross and net liability shall be accounted for as interest in accordance with Topic 835.