{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/926/#05-overview-and-background","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":"405","topic_title":"Liabilities","subtopic":"405-926","subtopic_title":"Entertainment—Films","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"405-926-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance to entities in the film production and distribution industry on the accounting for costs incurred to compensate third parties involved in the production of a film, such as actors or writers. These costs are referred to as <a href=\"/glossary/p/#participation-costs\" class=\"term\" title=\"Parties involved in the production of a film may be compensated in part by contingent payments based on the financial results of a film pursuant to contractual formulas (participations) and by contingent amounts due under provisions of collective bargaining agreements (residuals). Such parties are collectively referred to as participants, and such costs are collectively referred to as participation costs. Participations may be given to creative talent, such as actors or writers, or to entities from whom distribution rights are licensed.\"><span>participation costs</span></a>. This Subtopic also addresses the accounting for costs incurred to make insignificant changes to a film after its initial availability to a customer.</div></div>","snippet":"This Subtopic provides guidance to entities in the film production and distribution industry on the accounting for costs incurred to compensate third parties involved in the production of a film, such as actors or writer…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b244f4d466152a8d36cd3706af30d2c5a074277dae24e7b17d708f1f2da798d6","downloaded_from":"2026-09-10T00:17:24.635Z","last_downloaded_at":"2026-09-10T00:17:24.635Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477724","source_sha256":"9a1668443afb668d61a5ce636bf7b9ff9ae3e394cd7f21ce78a6946e62c21fd0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e25b16fc25d7ad531393fe2a6f9fcacdddbf8aec8037359477c363cc4a0db8f","downloaded_from":"2026-09-10T00:17:24.635Z","last_downloaded_at":"2026-09-10T00:17:24.635Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477724","source_sha256":"9a1668443afb668d61a5ce636bf7b9ff9ae3e394cd7f21ce78a6946e62c21fd0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ebf58d12325c5c828886bac8727da0de9ea8c37039b856eecd76b65b09954f2","downloaded_from":"2026-09-10T00:17:24.635Z","last_downloaded_at":"2026-09-10T00:17:24.635Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477724","source_sha256":"9a1668443afb668d61a5ce636bf7b9ff9ae3e394cd7f21ce78a6946e62c21fd0"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ebf58d12325c5c828886bac8727da0de9ea8c37039b856eecd76b65b09954f2","downloaded_from":"2026-09-10T00:17:24.635Z","last_downloaded_at":"2026-09-10T00:17:24.635Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477724","source_sha256":"9a1668443afb668d61a5ce636bf7b9ff9ae3e394cd7f21ce78a6946e62c21fd0"}}