To the Point - FASB amends accounting for costs of films and license agreements for media and entertainment entities

7 Mar 2019 PDF
Subject AccountingLink
Topics More topics
Publications To the Point


The FASB amended the cost guidance in ASC 920-350 and ASC 926-20 for costs incurred to license content and costs incurred to produce content, respectively, in light of evolving business models in the media and entertainment industry. These changes apply to traditional producers and broadcasters, as well as entities with over-the-top streaming platforms. A calendar-year-end entity could early adopt the guidance in the first quarter of 2019 and would be able to apply the guidance to all costs incurred during the year.

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