# ASC 440-920-05: Commitments — Entertainment—Broadcasters — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 440-920-05: 05 Overview and Background

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##### [440-920-05-1](https://asc.understandingaccounting.org/asc/440/920/#440-920-05-1)

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This Subtopic presents the required disclosures by [broadcasters](https://asc.understandingaccounting.org/glossary/b/#broadcaster "An entity or an affiliated group of entities that transmits radio or television program material.") for [license agreements](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.") that have been executed but that do not meet the conditions for recording a liability in the financial statements.