# ASC 440-920-50: Commitments — Entertainment—Broadcasters — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/440/920/#50-disclosure)

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## ASC 440-920-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/440/920/#50-disclosure)

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#### License Agreements for Program Material Where Criteria for Recognition Has Not Been Met

##### [440-920-50-1](https://asc.understandingaccounting.org/asc/440/920/#440-920-50-1)

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[Broadcasters](https://asc.understandingaccounting.org/glossary/b/#broadcaster "An entity or an affiliated group of entities that transmits radio or television program material.") shall disclose commitments 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 were not reported because they do not meet the conditions for recording a liability as specified in paragraph [920-350-25-2](https://asc.understandingaccounting.org/asc/350/920/#350-920-25-2).