# ASC 926-20-45: Entertainment—Films — Other Assets—Film Costs — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

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## ASC 926-20-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/926/20/#45-other-presentation-matters)

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#### Film Costs

##### [926-20-45-1](https://asc.understandingaccounting.org/asc/926/20/#926-20-45-1)

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[Paragraph superseded by Accounting Standards Update No. 2019-02](https://asc.understandingaccounting.org/updates/asu-2019-02/).

##### [926-20-45-2](https://asc.understandingaccounting.org/asc/926/20/#926-20-45-2)

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[Film costs](https://asc.understandingaccounting.org/glossary/f/#film-costs "Film costs include all direct negative costs incurred in the physical production of a film, as well as allocations of production overhead and capitalized interest in accordance with Topic 835. Examples of direct negative costs include costs of story and scenario; compensation of cast, directors, producers, extras, and miscellaneous staff; costs of set construction and operations, wardrobe, and accessories; costs of sound synchronization; rental facilities on location; and postproduction costs such as music, special effects, and editing.") shall be presented separately from 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.") for program materials within the scope of Subtopic 920-350 on entertainment—broadcasters either on the balance sheet or in the notes to financial statements.