v3.25.3
Produced and Acquired/Licensed Content Costs and Advances
 12 Months Ended
Sep. 27, 2025
Other Industries [Abstract]  
Produced and Acquired/Licensed Content Costs and Advances Disclosure Produced and Acquired/Licensed Content Costs and Advances
Total capitalized produced and licensed content by predominant monetization strategy is as follows:
As of September 27, 2025As of September 28, 2024
Predominantly Monetized IndividuallyPredominantly
Monetized
as a Group		TotalPredominantly Monetized IndividuallyPredominantly
Monetized
as a Group		Total
Produced content
Released, less amortization$4,624 $14,288 $18,912 $4,568 $13,621 $18,189 
Completed, not released313 1,061 1,374 16 2,265 2,281 
In-process4,082   3,633   7,715   4,352   4,067   8,419   
In development or pre-production386 182 568 196 73 269 
$9,405 $19,164 28,569 $9,132 $20,026 29,158 
Licensed content - Television Programming rights and advances4,821 5,251 
Total produced and licensed content$33,390 $34,409 
Current portion$2,063 $2,097 
Non-current portion$31,327 $32,312 
Amortization of produced and licensed content is as follows:
202520242023
Produced content
Predominantly monetized individually$3,338$3,311$3,999
Predominantly monetized as a group7,0727,1437,862
10,41010,45411,861
Licensed programming rights and advances12,87614,02713,405
Total produced and licensed content costs(1)
$23,286$24,481$25,266
(1)Primarily included in “Costs of services” in the Consolidated Statements of Income. Fiscal 2025 and fiscal 2024 amounts exclude impairment charges for produced content of $109 million and $187 million respectively, and fiscal 2023 amounts exclude impairment charges of $2.0 billion for produced content and $257 million for licensed programming rights. These charges were recorded in “Restructuring and impairment charges” in the Consolidated Statements of Income (see Note 18).
Total expected amortization by fiscal year of completed (released and not released) produced, licensed and acquired film and television library content on the balance sheet as of September 27, 2025 is as follows:
Predominantly Monetized IndividuallyPredominantly
Monetized
as a Group		Total
Produced content
Released
2026$1,060 $3,382 $4,442 
2027639 2,364 3,003 
2028418   1,873   2,291   
Completed, not released
2026209   464   673   
Licensed content - Programming rights and advances
2026$3,163 
2027682 
2028385   
Approximately $2.1 billion of accrued participations and residual liabilities will be paid in fiscal 2026.
At September 27, 2025, released content (less amortization) includes acquired film and television library content with a carrying value of $3.1 billion and is generally being amortized straight-line over a weighted-average remaining period of approximately 13 years.
Content Production Incentives
Programming and production costs were reduced by $0.7 billion for fiscal 2025 related to the amortization of production tax incentives. We have production tax credit receivables of $1.8 billion as of September 27, 2025, which, based on the expected timing of collection, are reflected in “Receivables, net” or “Other Assets” in our Consolidated Balance Sheet.