Annual report pursuant to Section 13 and 15(d)

Investment in Films and Television Programs, Net

v2.4.1.9
Investment in Films and Television Programs, Net
12 Months Ended
Dec. 31, 2014
Investment In Films And Television Programs, Net [Abstract]  
Investment in Films and Television Programs, Net
Investment in Films and Television Programs, Net

Investment in films and television programs, net consists of the following (in millions):

 
December 31,
 
2014
 
2013
Released film costs - theatrical, less amortization
$
1.2

 
$
2.6

Film costs – television and home entertainment:
 
 
 
Released, less amortization
70.5

 
44.2

Completed, but not released
116.2

 
90.0

In production
125.5

 
54.2

Development and pre-production
6.1

 
3.6

 
$
319.5

 
$
194.6



Approximately 79% and 85% of the unamortized film costs (theatrical, television and home entertainment) for released films of $71.7 million at December 31, 2014 are expected to be amortized within three and four years, respectively. Approximately $105.5 million of the costs of Released and Completed, but not released films of $187.9 million at December 31, 2014 are expected to be amortized during the next twelve months.

As a result of changes in Ultimate Revenue estimates, Starz Distribution recognized impairments of investment in films and television programs totaling $2.1 million, $2.6 million and $17.2 million for the years ended December 31, 2014, 2013 and 2012, respectively. Such impairments are included in production and acquisition costs in the consolidated statements of operations.