|6 Months Ended|
Jun. 30, 2022
|Revenue from Contract with Customer [Abstract]|
Note 11: Deferred Revenue
As of June 30, 2022 and December 31, 2021, the Company had total short term and long term deferred revenue of $18.0 million and $3.9 million, respectively. Included in the deferred revenue balance as of June 30, 2022 is $13.1 million the Company assumed in the Wow Acquisition. The deferred revenue balance assumed represents cash received from customers for productions in progress. Revenue is fully recognized upon production completion. Deferred revenue also includes both (i) variable fee contracts with licensees and customers in which the Company had collected advances and minimum guarantees against future royalties and (ii) fixed fee contracts. The Company recognizes revenue related to these contracts when all revenue recognition criteria have been met.
The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef